Purchasing Manager

2 days ago

Faridabad, Haryana, India Indication Instruments Limited Full time ₹ 9,00,000 - ₹ 12,00,000 per year

Job Description:

We seek an experienced, results-driven purchasing manager to join our team at Indication Instrument Limited

As a purchase manager, you will be responsible for handling the procurement process, sourcing suppliers and managing vendor relationships to ensure a seamless supply chain and optimise costs. You will also collaborate with cross-functional teams, make strategic decisions and implement best practices within our procurement function.

This is an exciting opportunity to contribute to our company's success and be part of a dynamic team in a competitive market. We offer competitive compensation packages, health benefits and a supportive work environment that fosters learning and professional growth.

Objectives of this role

  • Developing and implementing procurement strategies and policies for cost optimisation and enhancing supply chain efficiency.
  • Identifying, evaluating and selecting suppliers based on quality, reliability, cost-effectiveness and adherence to ethical and sustainability standards.
  • Negotiating contracts and terms with suppliers to ensure favourable pricing, payment terms and mutually beneficial agreements.
  • Collaborating with internal stakeholders to understand their requirements and align procurement activities with organisational goals.
  • Conducting market research and analysis to stay updated on industry trends, supplier capabilities and pricing fluctuations.
  • Managing supplier relationships, including ongoing performance evaluation, issue resolution and fostering long-term partnerships.
  • Monitoring inventory levels, analysing demand patterns and implementing inventory management strategies to manage stock levels and avoid shortages or excesses.

Required skills and qualifications

  • Bachelor's degree in supply chain management, business administration or a related field.
  • 5+ years of experience as a purchasing manager within the Indian market.
  • In-depth knowledge of procurement principles, strategies and best practices.
  • Demonstrable experience in the Indian market and familiarity with local suppliers and sourcing channels.
  • Experience in implementing sustainable and socially responsible procurement practices.
  • Strong skills in budgeting, cost optimisation and negotiation techniques.
  • Knowledge of vendor management and inventory management systems.
  • An analytical mind with excellent communication and interpersonal skills.
  • Ability to work collaboratively with cross-functional teams.
  • Proficiency in using procurement software and systems.
  • Knowledge of local and national laws and regulations related to procurement.
  • Willingness to work in a fast-paced and competitive environment.

Preferred skills and qualifications

  • Master's degree in supply chain management, business administration or related field.
  • Knowledge of industry-specific regulations and compliance requirements.
  • Relevant certification in procurement or supply chain management.
  • Proficiency in data analysis and reporting tools.
  • Ability to lead and mentor a team of procurement professionals.
  • Detail-oriented with strong organisational and time management abilities.
  • Multilingual skills to effectively communicate with diverse stakeholders.
  • Experience with global sourcing, logistics and supply chain best practices.

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