Purchasing Manager
1 month ago
Job Description:
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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