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Procurement Manager

4 months ago

india MVC Resources Full time
Job Description
The main job function of the Procurement Manager is to oversee the sourcing, purchasing, and negotiation of goods and services essential for the Company's operations. The responsibilities include developing procurement strategies, managing supplier relationships, and ensuring cost-effectiveness
and timely delivery of materials while adhering to quality standards and budget constraints. The role involves supporting the multiple companies under the Group (OFM, OFV and SCF) in respect to procurement functions.
Key Responsibilities:
Vendor Management:
  • Identify, evaluate, and negotiate with suppliers to ensure quality products at competitive prices.
  • Maintain strong relationships with vendors to secure favorable terms and resolve any issues.
Order Planning:
  • Forecast purchase orders accurately and efficiently, considering inventory levels and production planning.
  • Coordinate with vendors and different departments to ensure timely delivery of goods.
Cost Control:
  • Work towards cost-saving initiatives without compromising quality standards.
  • Analyze market trends and prices to make informed purchasing decisions.
Inventory Management:
  • Monitor and manage inventory levels to prevent stockouts or overstock situations.
  • Implement inventory control measures to optimize stock turnover.
Quality Assurance:
  • Collaborate with quality control teams to ensure purchased products meet established standards.
  • Address and resolve any quality issues with suppliers.
Documentation:
  • Ensure all subordinates maintain accurate and up-to-date records of purchase transactions, contracts, and agreements.
  • Ensure compliance with company policies and legal requirements.
Market Research:
  • Stay informed about industry trends, new products, and emerging suppliers.
  • Conduct market research to identify potential new vendors or cost-effective alternatives.
Budget Management:
  • Assist in creating and managing budgets for the procurement department.
  • Track expenses and report on budget adherence.
Communication:
  • Collaborate with internal stakeholders, including R&D, production, and management, to understand their procurement needs.
  • Communicate effectively with suppliers and negotiate terms.
Leadership and Problem Resolution:
  • Oversee and monitor team performance, aligning goals with department Key Performance Parameters (KPP).
  • Provide professional support to the team, including coaching, goal setting, skill development evaluation, and talent development initiatives.
  • Address and resolve any issues related to late deliveries, quality concerns, or discrepancies.
  • Implement corrective actions to prevent recurring problems.

Requirements
  • Bachelor’s Degree in Procurement, Supply Chain, Business Management, Food Science or equivalent
  • Min 5 years’ in a Procurement role, preferably in food manufacturing
  • Proficient in Microsoft Office
  • ERP tools experience is an added advantage
  • Experience in regional environment and FMCG industry are added advantage.