Purchasing Manager

1 week ago

Hyderabad, Telangana, India Hammond Power Solutions Full time
Kindly note that, "Purchase Role Experience in Transformer Industry' a must need to shortlist the candidature.
Purchase Manager, play a crucial role in the procurement process of goods and services necessary for our operations.

The primary responsibilities will include:

Strategic Sourcing:
Develop and implement strategic sourcing strategies to ensure cost-effective procurement of goods and services.
Identify potential suppliers, conduct supplier evaluations, and negotiate contracts to secure favorable terms and pricing.

Supplier Management:
Build and maintain strong relationships with suppliers to ensure timely delivery of quality products/services.
Evaluate supplier performance, address any issues or concerns, and implement corrective actions as necessary.
Continuously monitor market trends, supplier capabilities, and industry developments to identify opportunities for improvement and innovation.

Inventory Management:
Collaborate with inventory and warehouse teams to optimize inventory levels and minimize stockouts.
Forecast demand, analyze usage patterns, and develop inventory strategies to meet operational needs while minimizing carrying costs.

Cost Control:
Analyze procurement data to identify cost-saving opportunities and implement cost reduction initiatives without compromising quality or service levels.
Monitor and control procurement budgets to ensure adherence to financial targets.

Compliance and Risk Management:
Ensure compliance with company policies, procedures, and regulatory requirements throughout the procurement process.
Identify and mitigate procurement-related risks, such as supply chain disruptions, quality issues, and geopolitical factors.

Team Leadership:
Lead and mentor a team of procurement professionals, providing guidance, support, and professional development opportunities.
Foster a collaborative and results-oriented work environment that promotes innovation, accountability, and continuous improvement.

QUALIFICATIONS, SKILLS, ABILITIESBachelor Engineering Degree (BE/B.Tech) in Electrical or Mechanical or equivalent degree.

PGDBM , Masters in Engineering or Business Administration is preferable.

An MBA or a master's in supply chain management can be advantageous.

Industry Experience :
At least 15 years of experience in procurement or supply chain management, preferably in the electrical or manufacturing sector

Technical Knowledge :
Understanding of transformer components, manufacturing processes, and industry standards

Vendor Management :
Experience in negotiating contracts, managing vendor relationships, and ensuring supply chain reliability

Cost Management :
Demonstrated ability to manage budgets, optimize costs, and implement cost-saving measures

Project Management :
Experience in handling large-scale procurement projects and coordinating with multiple departments.

Key Skills and CompetenciesAnalytical Skills : Ability to analyze market trends, supplier performance, and procurement data to make informed decisions

Negotiation Skills :
Proficient in negotiating prices, contracts, and delivery terms with suppliers

Communication Skills :
Strong verbal and written communication skills for effective collaboration with internal teams and external suppliers

Problem-Solving Skills :
Ability to address and resolve procurement-related issues efficiently

Technical Proficiency :
Familiarity with procurement software and Enterprise Resource Planning (ERP) systems

Regulatory Knowledge :
Understanding of industry regulations, quality standards, and compliance requirements.

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