
Strategic Procurement Lead
10 hours ago
As a Procurement Manager, you will play a crucial role in ensuring the smooth operation of our procurement processes. Your key responsibility will be to identify and develop reliable vendors, negotiate cost-effective purchases, and ensure timely availability of raw materials and consumables.
Key Responsibilities include:
- Procurement & Sourcing
- Identify, evaluate, and select suppliers/vendors for raw materials, machinery spares, consumables, and services.
- Obtain quotations, compare price, quality, and delivery terms, and finalize purchase orders.
- Develop alternate sourcing strategies to ensure uninterrupted supply.
- Vendor Management
- Build and maintain strong relationships with suppliers.
- Conduct vendor performance evaluation based on quality, cost, and delivery timelines.
- Negotiate contracts, terms, and payment conditions.
- Purchase Operations
- Issue Purchase Orders (POs) in line with company policies and approvals.
- Ensure timely procurement of materials as per production schedule.
- Monitor stock levels and coordinate with the stores/warehouse for replenishment.
- Cost Optimization
- Implement cost-saving initiatives without compromising quality.
- Benchmark prices and identify opportunities for bulk/long-term contracts.
- Compliance & Documentation
- Maintain accurate procurement records (POs, invoices, GRNs, contracts).
- Ensure compliance with company policies, statutory regulations, and audit requirements.
- Coordinate with finance for vendor payments and reconciliations.
- Cross-functional Coordination
- Work closely with production, quality, accounts, and logistics teams to ensure smooth supply chain operations.
- Resolve material-related issues with suppliers and internal departments.
- Education: Bachelor's degree in Commerce / Supply Chain / Engineering / Management.
- Experience: 2–5 years of experience in procurement/purchase in a manufacturing/industrial setup.
- Skills: Strong negotiation and communication skills, knowledge of procurement processes, inventory management, and supply chain operations, familiarity with ERP systems / MS Office, analytical and problem-solving ability, vendor relationship management, cost-conscious with attention to detail.
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