Purchasing Manager
3 weeks ago
We seek an experienced, results-driven purchasing manager to join our team at Indication Instrument Limited
As a purchase manager, you will be responsible for handling the procurement process, sourcing suppliers and managing vendor relationships to ensure a seamless supply chain and optimise costs. You will also collaborate with cross-functional teams, make strategic decisions and implement best practices within our procurement function.
This is an exciting opportunity to contribute to our company's success and be part of a dynamic team in a competitive market. We offer competitive compensation packages, health benefits and a supportive work environment that fosters learning and professional growth.
Objectives of this role
- Developing and implementing procurement strategies and policies for cost optimisation and enhancing supply chain efficiency.- Identifying, evaluating and selecting suppliers based on quality, reliability, cost-effectiveness and adherence to ethical and sustainability standards.- Negotiating contracts and terms with suppliers to ensure favourable pricing, payment terms and mutually beneficial agreements.- Collaborating with internal stakeholders to understand their requirements and align procurement activities with organisational goals.- Conducting market research and analysis to stay updated on industry trends, supplier capabilities and pricing fluctuations.- Managing supplier relationships, including ongoing performance evaluation, issue resolution and fostering long-term partnerships.- Monitoring inventory levels, analysing demand patterns and implementing inventory management strategies to manage stock levels and avoid shortages or excesses.
Required skills and qualifications
- Bachelor's degree in supply chain management, business administration or a related field.- 5+ years of experience as a purchasing manager within the Indian market.- In-depth knowledge of procurement principles, strategies and best practices.- Demonstrable experience in the Indian market and familiarity with local suppliers and sourcing channels.- Experience in implementing sustainable and socially responsible procurement practices.- Strong skills in budgeting, cost optimisation and negotiation techniques.- Knowledge of vendor management and inventory management systems.- An analytical mind with excellent communication and interpersonal skills.- Ability to work collaboratively with cross-functional teams.- Proficiency in using procurement software and systems.- Knowledge of local and national laws and regulations related to procurement.- Willingness to work in a fast-paced and competitive environment.
Preferred skills and qualifications
- Master’s degree in supply chain management, business administration or related field.- Knowledge of industry-specific regulations and compliance requirements.- Relevant certification in procurement or supply chain management.- Proficiency in data analysis and reporting tools.- Ability to lead and mentor a team of procurement professionals.- Detail-oriented with strong organisational and time management abilities.- Multilingual skills to effectively communicate with diverse stakeholders.- Experience with global sourcing, logistics and supply chain best practices.
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