Purchasing Manager

2 weeks ago

Hyderabad, India Macaw Digital Full time
We are seeking an experienced and detail-oriented Purchasing Manager to join our team. This position is responsible for overseeing the procurement process, managing vendor relationships, and ensuring the company’s purchasing needs are met efficiently and cost-effectively. The ideal candidate will have strong negotiation skills, experience in supply chain management, and the ability to lead a team while ensuring the timely delivery of goods and services.Key Responsibilities:Procurement Management: Develop and execute the procurement strategy, ensuring a consistent supply of goods and services in line with business needs.Vendor Management: Identify, evaluate, and negotiate contracts with suppliers and vendors to obtain the best pricing and terms, while maintaining high-quality standards.Inventory Control: Monitor inventory levels and ensure orders are placed in a timely manner to avoid shortages or overstocking.Cost Management: Work to optimize purchasing costs and reduce overall procurement expenses without compromising product quality or delivery schedules.Supplier Relationships: Establish and maintain strong working relationships with key suppliers to ensure reliable and efficient supply chain operations.Contract Negotiation: Lead negotiations for purchasing agreements and contracts, ensuring compliance with company policies and legal standards.Team Leadership: Supervise, train, and mentor the purchasing team, ensuring they meet performance goals and adhere to procurement best practices.Market Research: Stay updated on industry trends, market conditions, and supplier developments to make informed purchasing decisions.Compliance: Ensure all procurement activities are in compliance with internal policies, regulatory requirements, and industry standards.Reporting & Analysis: Prepare and present reports on purchasing activities, savings, and market trends to management.Collaboration: Work closely with departments such as operations, finance, and production to align purchasing activities with organizational needs.Requirements:Education: Bachelor’s degree in Business Administration, Supply Chain Management, Logistics, or a related field.Experience: Minimum of 10 years of experience in purchasing, procurement, or supply chain management. Experience managing a team is essential.Skills:Strong negotiation and communication skillsExcellent problem-solving abilitiesKnowledge of procurement software and tools (e.g., Stone profits, SAP, Oracle, or other ERP systems)Analytical mindset with attention to detailAbility to manage multiple priorities and work under pressureStrong understanding of cost analysis and budget managementCertifications: Certified Professional in Supply Management (CPSM) or similar certification is a plus.Knowledge of Industry: Familiarity with (industry specifics, e.g., manufacturing, retail, healthcare) procurement processes is preferred.Preferred Qualifications:Advanced degree (e.g., MBA)Previous experience with global sourcing and international suppliersKnowledge of Lean or Six Sigma methodologiesPhysical Requirements:Ability to work in an office environmentOccasional travel to supplier locations or trade showsWork Environment:Full-time position with standard office hours (The company may request shift schedule to overlap with the US customers).Some travel may be required for supplier meetings or industry events.

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