Purchasing Manager

2 days ago

Mumbai, Maharashtra, India FinnovationZ Full time ₹ 63,00,000 - ₹ 84,00,000 per year

Job Title: Purchase Head

No. of Openings: 1

Location: Nariman Point, Mumbai (Work from Office – 6 days)

CTC: Up to ₹70,000 per month

Job Summary:

We are seeking an experienced and strategic Purchase Head to lead our procurement operations. This role is responsible for developing and implementing effective purchasing strategies, managing vendor relationships, and ensuring timely and cost-effective procurement of goods and services. The ideal candidate will have strong negotiation skills, market insight, and the ability to lead a team toward achieving organizational procurement goals.

Key Responsibilities:

  • Develop and execute effective purchasing strategies to ensure optimal cost, quality, and delivery timelines.
  • Lead, mentor, and manage the purchasing team to meet departmental and organizational objectives.
  • Negotiate contracts and agreements with suppliers, ensuring favorable pricing, terms, and service levels.
  • Analyze market trends, pricing, and supplier performance to identify cost-saving opportunities and mitigate risks.
  • Ensure strict compliance with company policies, procurement procedures, and regulatory requirements.
  • Collaborate with internal departments (such as Production, Finance, and Operations) to forecast procurement needs.
  • Evaluate supplier capabilities and develop long-term, strategic supplier partnerships.
  • Prepare and present periodic reports on procurement performance, cost savings, and vendor efficiency to senior leadership.

Qualifications:

  • Bachelor's degree in Business Administration, Supply Chain Management, or a related field.
  • Minimum 7 years of experience in procurement or purchasing, with at least 3 years in a leadership/managerial role.
  • Demonstrated success in strategic negotiations, vendor development, and cost optimization.
  • Proficient in procurement software, ERP systems, and data analysis tools.
  • Experience in packaging material is mandatory
  • Strong understanding of supply chain principles, contract law, and market dynamics.

Key Skills:

  • Strategic Planning & Execution
  • Strong Negotiation & Persuasion
  • Supplier/Vendor Relationship Management
  • Market Research & Trend Analysis
  • Budgeting & Cost Control
  • Team Leadership & Development
  • Analytical Thinking & Problem Solving
  • Excellent Verbal and Written Communication

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