Purchase Manager
7 days ago
Role: Raw Material Procurement (Tyre Industry)
Experience: 912 years
Location: Madurai
Key Responsibilities
Strategy & Planning
- Prepare and monitor procurement plans for raw materials (e.g., natural/synthetic rubber, chemicals).
- Maintain optimum stock levels as per inventory norms.
- Develop vendors locally and internationally in line with company policies.
- Forecast demand and ensure uninterrupted supply to plants.
Market Analysis
- Track global/national markets for pricing, lead times, vendor capacity, and quality.
- Analyse trends to optimize procurement cost and availability.
Procurement & Coordination
- Source raw materials at competitive prices while meeting specifications.
- Negotiate contracts, issue POs, and ensure timely deliveries.
- Coordinate with plants, accounts, and logistics for smooth operations.
- Ensure supplier compliance and documentation.
R&D Interface
- Align with R&D on specifications, new material trials, and vendor proposals.
- Share feedback on material performance and support product development.
Cost & Vendor Management
- Negotiate for best prices and payment terms.
- Develop and maintain reliable vendor base; monitor performance and resolve issues.
- Explore alternative sources and materials; reduce transportation costs.
Logistics & Inventory
- Monitor shipments to avoid delays/demurrage.
- Implement JIT/consignment stocking where feasible.
- Conduct stock reviews and disposal of obsolete/surplus materials.
MIS & Reporting
- Prepare daily/periodic reports on procurement, costs, and inventory status.
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