Purchase Manager
3 days ago
Role Title: Purchase Manager
Educational Qualification: BE/Diploma in mechanical/Production Engineering
Department: Sales
Work Experience 6 - 8 years in industrial equipment manufacturing companies like pumps, motors, valves purchase role with 2 – 3 years in managerial role.
Reports to: CEO
Any other specific requirement: Manage and optimize purchasing activities, processes and be able to negotiate the best possible deals with suppliers
Salary : 6 – 6.5 lakhs
Location: Wadala, Mumbai.
Pre-Requisites:
- Strategic mindset maintaining positive relationships with suppliers for long term benefits.
- Strong analytical, critical & logical thinking skills.
- Ability to focus under pressure and meet deadlines.
- Proficiency in MS Office essential.
Key Responsibilities:
- Setting up the weekly, monthly, quarterly procurement plan for procurement of Materials, Spares & Consumables
- Negotiation with International/Domestic suppliers for cost reduction to achieve the planned savings.
- Effective negotiation on price increase proposals from the supplier in line with the market competition and targets.
- Negotiation for the blanket terms with respect to P2P(Purchase to Pay), Cost Savings, Logistics, and Inventory management agreements.
- Collecting quotations from at least three vendors and negotiating the prices and other terms & conditions
- Preparation of Comparative Statement (CS)
- Finalizing the rates against approval from Head of Department and target given by sales.
- Responsible for Preparation, sending & Execution of purchase orders on suppliers & sub-contractors.
- Ensuring timely supply of Materials in line with the Purchase Orders / Production requirements
- Department Coordination & Inter Departmental Relations
- Releasing monthly schedules for blanket orders.
- Expediting with suppliers for on time delivery of material to ensure uninterrupted production.
- Interaction with Finance & Accounts Dept. to ensure release of payments to the vendors as per supply terms.
- In case of any rejection of material, interact with the quality control dept. and organize to get the replacement or send it back to the vendors as rejection.
- Sourcing and negotiation for the best purchase package in terms of quality, price, terms, deliveries, and services with suppliers
- Introducing new vendors for healthy competition
- Reconciliation of outstanding balances of Indian and overseas suppliers
- To cascade and deliver department/ teams targets.
- To create SOP's (in line with ISO requirements) for the department and ensure adherence by self and team.
- To timely submit MIS reports to Management
- To create individual development plans and ensure completion of the same for self and team.
- To manage, lead and coach team for enhanced performance
- To adhere to company processes, policies, and rules/ code of conduct
- Any other task as given by management from time to time.
Key Authorities:
- Releasing purchase orders which meet the budget constraints & payment terms guidelines given by management.
- Visiting suppliers for expediting urgent supplies.
Skills/Core Competencies Required:
- International/Domestic procurement
- Drawing reading knowledge.
- Good vendor base knowledge
- Estimation of Man / Machine hour rates.
- Prices updates for Raw materials / OEM
- Knowledge of global currency
- Knowledge of Incoterms, Taxation, Logistics and freight.
- Inventory management
- Strong organizational and problem-solving skills
- Excellent communication abilities
If interested mail
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