Purchase Manager

1 week ago

Indore Tukoganj Indore Madhya Pradesh, India Sharma & Associates Firetech Pvt Ltd Full time ₹ 2,40,000 - ₹ 4,80,000 per year

A Purchase Manager oversees the procurement of necessary goods and services, developing strategies to optimize costs and quality, evaluating potential suppliers, negotiating contracts, and managing supplier relationships to ensure a smooth and efficient supply chain for the company.

Responsibilities

  • Strategic Planning: Develop and implement procurement strategies to meet company goals, reduce waste, and control costs.
  • Supplier Management: Identify, evaluate, and select vendors, negotiate favorable contract terms, and manage ongoing relationships to ensure quality and reliability.
  • Inventory Management: Monitor and forecast demand, maintain optimal stock levels, and devise strategies to manage and dispose of outdated inventory profitably.
  • Team Leadership: Lead and manage teams of buyers and purchasing agents, setting goals, providing training, and ensuring efficient collaboration.
  • Data Analysis: Analyze procurement data, market trends, and company financial reports to identify cost-saving opportunities and make informed decisions.
  • Risk Mitigation: Assess and mitigate supply chain risks and ensure compliance with company policies and industry regulations.
  • Record Keeping: Maintain accurate records of all procurement activities, including purchase orders, contracts, and inventory levels.
  • Cross-Departmental Collaboration: Work closely with other departments to forecast needs and coordinate purchasing efforts.

Skills and Qualifications

  • Negotiation Skills: Ability to negotiate contracts and prices effectively to secure the best terms for the company.
  • Analytical Skills: Strong ability to gather, analyze, and interpret data to make informed decisions.
  • Leadership and Management: Proven ability to lead and motivate teams.
  • Communication Skills: Excellent written and verbal communication for interacting with suppliers and internal teams.
  • Financial Acumen: Ability to work within budgets and understand financial reports.
  • Market Knowledge: Deep understanding of market dynamics and industry trends.
  • Technical Proficiency: Familiarity with purchasing software and proficiency in Microsoft Office.
  • Business Degree: A Bachelor's degree in business administration, supply chain management, or a related field is often required.

Job Type: Full-time

Pay: ₹35, ₹40,000.00 per month

Benefits:

  • Provident Fund

Work Location: In person

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