Procurement Manager

7 days ago

Bhiwandi, Maharashtra, India The Sleep Company Full time ₹ 8,00,000 - ₹ 12,00,000 per year

Job Summary:The Procurement Manager will play a critical role in managing and optimizing the sourcing and procurement of materials required for our mattress / Sofa production and related products. You will be responsible for establishing strong relationships with suppliers, negotiating favorable terms, and ensuring the timely and cost-effective acquisition of all raw materials, components, and finished goods. Your role will directly impact product quality, inventory management, and cost-efficiency, enabling us to deliver an outstanding product to our customers.

Key Responsibilities:Supplier Management:Identify, evaluate, and select suppliers for various raw materials (foam, fabric, springs, etc.), packaging, and other components required for production. Negotiate pricing, terms, and contracts with suppliers while maintaining quality standards. Develop and maintain strong relationships with existing suppliers, ensuring high levels of communication and collaboration.

Monitor supplier performance (quality, delivery time, reliability) and implement corrective actions as needed. Procurement Strategy & Planning:Develop and implement procurement strategies that align with production schedules and business goals. Collaborate with Product Development, Operations, and Inventory teams to forecast material requirements based on sales projections, production needs, and market trends.

Identify cost-saving opportunities while ensuring the availability of high-quality materials. Maintain a comprehensive understanding of industry trends, supplier capabilities, and innovations in mattress production materials. Inventory Management:Oversee inventory levels of raw materials and components, ensuring a balance between cost-efficiency and supply availability.

Ensure proper stock levels to avoid production delays while minimizing excess inventory. Implement just-in-time procurement techniques to minimize storage costs and ensure materials arrive in a timely manner for production. Cost Control & Budgeting:Monitor procurement budgets and ensure expenditures remain within established limits.

Perform cost analysis for all purchased materials and goods, identifying opportunities for savings and cost reduction. Track and report on procurement performance metrics (e.g., cost savings, lead time, supplier performance). Cross-Functional Collaboration:Work closely with the Operations, Production, and Quality Control teams to ensure the seamless integration of procurement with production schedules.

Support the logistics team in coordinating the timely and cost-effective delivery of materials to manufacturing facilities. Collaborate with the Customer Service and Sales teams to ensure customer orders are met with minimal delays and quality issues. Compliance & Risk Management:Ensure all procurement practices comply with company policies, industry standards, and regulatory requirements.

Conduct risk assessments for supplier selection and material sourcing to minimize business disruptions. Stay up-to-date on regulatory requirements and sustainability practices relevant to raw materials and production processes. Continuous Improvement:Continuously evaluate and improve procurement processes, technology, and systems to enhance efficiency and effectiveness.

Stay informed on emerging technologies and best practices in procurement and supply chain management.

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