Senior Procurement Manager

3 weeks ago

Varanasi, Uttar Pradesh, India Derewala Industries Limited Full time

About Derewala Industries Ltd.:

Derewala is a name synonymous with innovation, sustainability, and quality in the world of jewelry manufacturing. With cutting-edge technology and a global clientele, we are committed to creating timeless pieces while maintaining eco-friendly practices. Since our humble beginnings in 1987, we have adhered to the highest standards of quality and on-time delivery. Headquartered in Jaipur, India's jewellery hub, Derewala has expanded its global footprint, serving esteemed clients in over 30 countries across 6 continents.

Location- Sitapura, Jaipur

Working days- 6

Key Responsibilities:

  • Develop and implement sourcing strategies aligned with business goals.
  • Lead, mentor, and manage the purchase and store team to achieve departmental targets.
  • Optimize procurement, inventory, and sourcing processes for cost savings and efficiency.
  • Understand department requirements, club purchase needs, and source accordingly at group level.
  • Negotiate with existing and new vendors (OEMs, foreign vendors, distributors) for best pricing and quality.
  • Finalize L1/L2 vendors, execute agreements, and maintain vendor trackers with cost-benefit analysis.
  • Ensure compliance with legal, safety, and environmental standards.
  • Manage inventory to meet production demands while minimizing waste and obsolescence.
  • Continuously explore and develop new vendors to improve rates and services.
  • Utilize ERP for tracking, and reporting.
  • Monitor costs, analyze performance metrics, and report improvements to management.

Qualifications & Skills:

  • Bachelor's degree in Engineering
  • 13–17 years of experience in strategic sourcing, procurement, or supply chain (Manufacturing industry experience preferred).
  • Strong negotiation, contract management, and analytical skills.
  • Knowledge of ERP systems, and supplier management processes.
  • Excellent communication, relationship management, and problem-solving skills.
  • Ability to work under pressure, manage multiple priorities, and drive cost efficiency.

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