Purchasing Manager for Procurement and Contracts
2 weeks ago
Reliance Industries Limited is seeking a highly skilled Purchasing Manager for Procurement and Contracts to join our team. This role offers an excellent opportunity to work with a leading company in the industry, leveraging your expertise in category-based purchasing to drive business growth and success.
About the Role:
The Purchasing Manager for Procurement and Contracts will be responsible for executing the ordering, delivery, and contract management process for materials/equipment as per established specifications, budget, qualitative, and quantitative standards by identifying, selecting, negotiating, and managing vendors. This includes liaising with end-users on procurement plans, reviewing purchase requisitions, preparing internal cost estimates, evaluating offers, conducting negotiations, overseeing award lifecycles, and ensuring timely liquidation of PRs.
Responsibilities:
- Conduct day-to-day procurement activities and follow all relevant policies, processes, standard operating procedures, and instructions so that procurement work is carried out in a consistent and controlled manner.
- Keep self abreast with leading practices, market trends, market suppliers, and contribute to the identification of continuous improvement of procurement systems, processes, and procedures.
- Liaise with the end user on monthly/quarterly annual procurement plans.
- Review the purchase requisitions (PRs) for understanding technical specifications, delivery timelines, budget, qualitative, and quantitative parameters.
- Prepare internal cost estimates (ICE) as per established guidelines, process, and procedures.
- Evaluate offers on techno-commercial aspects and evaluate areas of opportunity and seek for reducing costs where possible in line with set procedures and guidelines.
- Conduct negotiation with the vendor for a specific category of item and give details to Buying manager for finalizing the deal with the vendor in line with specified cost, quality, and delivery targets.
- Oversee the end-to-end award lifecycle of the contracts and engage in strategic preparation for ARCs, one-time contracts, etc.
- Prepare the term sheet/note for approval with recommendation for placement of purchase orders (POs) and RFQs (Request For Quotation) as per procurement guidelines and contractual demands.
- Coordinate/follow up with vendors for technical and commercial offers, offer evaluation, and technical validation.
- Order finalized items and make appropriate entries in SAP system as per established instructions and procedures.
- Provide timely response and resolution of internal and external audit issues related to procurement and escalate to Buying Manager on need basis.
- Ensure POs and work order close-out by resolving issues related to Goods Receipt Note (GRN), invoicing, payment, and final documentation.
- Cooordinate with the logistics team for freight forwarders and EXIM team for custom clearance.
- Drive and oversee the contract closure process including closeout meetings, contractor performance, observations on safety, and final payment.
Key Performance Indicators (KPIs):
- Procurement as per project requirements.
- Cost management (Number of RAs conducted).
- Timely liquidation of PR as per requirements and value of PR.
- Vendor development and management (timely vendor payments).
- Timely delivery and completion of ordering as per project plan.
- Maintenance of ARCs (Annual Rate Contract)/Common ARC for assigned categories and items.
About Us:
Reliance Industries Limited is a multinational conglomerate headquartered in Mumbai, India. We are a leader in the petrochemicals, oil and gas, textiles, retail, and telecommunications sectors.
Salary:
The estimated salary range for this position is ₹1,200,000 - ₹1,800,000 per annum, depending on experience and qualifications.
Required Skills and Qualifications:
- Bachelor of Engineering/Bachelor of Technology (Mechanical/Electrical/Chemical/Civil/Instrumentation/Electronics) and MBA/Diploma in Materials Management.
- Minimum 4-5 years of experience in category-based purchasing.
Benefits:
We offer a competitive salary package, comprehensive health insurance, and opportunities for professional growth and development.
Location:
Mumbai, India
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