
Assistant Manager – Procurement, Purchase
1 week ago
EQuad is HIRING for the position of Assistant Manager – Procurement, Purchase & Sourcing
Interview Walk-in Details -
Date: 26th September'25 @ 9:30 am
Venue: EQuad Engineering Services - 14, Bethel Nagar, Perungudi, Chennai, Tamil Nadu 600096
Position Vacant:
Assistant Manager – Procurement, Purchase & Sourcing – 2
The Assistant Manager – Procurement plays a critical role in supporting the procurement strategy, managing vendor relationships, and ensuring timely and cost-effective sourcing of materials and services. This role demands strong negotiation skills, market awareness, and cross-functional coordination to meet production and operational goals.
Key Responsibilities
Sourcing & Vendor Management
· Identify, evaluate, and onboard suppliers for raw materials, components, and services.
· Negotiate pricing, payment terms, and delivery schedules to optimize cost and quality.
· Maintain and update approved vendor lists and supplier performance metrics.
Purchase Operations
· Process purchase requisitions and convert them into purchase orders.
· Track order status and ensure timely delivery to avoid production delays.
· Coordinate with stores and finance for GRN (Goods Receipt Note) and invoice processing.
Cost Optimization & Market Intelligence
· Conduct market research to benchmark prices and identify cost-saving opportunities.
· Analyze spend data and suggest strategic sourcing initiatives.
· Monitor commodity price trends and their impact on procurement budgets.
Compliance & Documentation
· Ensure adherence to company procurement policies and regulatory standards.
· Maintain accurate records of contracts, purchase orders, and supplier communications.
· Support internal and external audits with required documentation.
Cross-Functional Collaboration
· Work closely with production, planning, quality, and finance teams to align procurement with operational needs.
· Resolve supply chain bottlenecks and escalate critical issues to senior management.
Qualifications
· Bachelor's degree in Supply Chain, Engineering, or Business Administration.
· 4–6 years of experience in procurement or sourcing, preferably in manufacturing.
· Familiarity with ERP systems (SAP, Oracle, etc.) and procurement modules.
· Knowledge of import/export procedures and vendor development is a plus.
Job Type: Full-time
Pay: ₹60, ₹65,779.02 per month
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