Assistant Manager – Procurement
1 week ago
Job Purpose To support the procurement function by managing vendor relationships, sourcing cost-effective materials/services, ensuring timely deliveries, and contributing to cost savings and process efficiency. The role involves coordination with suppliers, internal departments, and senior management to meet business needs.
Key Responsibilities
- Procurement Operations
• Manage end-to-end procurement activities for assigned categories.
• Prepare and issue RFQs, evaluate quotations, and conduct commercial negotiations.
• Prepare purchase orders (POs) and ensure timely approvals.
• Track deliveries and resolve issues related to delays, shortages, or quality.
- Vendor Management
• Identify, evaluate, and onboard new suppliers as per company policies.
• Maintain strong relationships with existing vendors.
• Monitor supplier performance based on quality, cost, delivery, and service.
• Conduct vendor audits and compliance checks when required.
- Cost Control & Negotiation
• Drive cost-saving initiatives through effective negotiations and sourcing strategies.
• Analyze price trends, market conditions, and industry benchmarks.
• Support budget planning and monitor variances.
- Contracts & Compliance
• Assist in drafting, reviewing, and managing procurement contracts.
• Ensure compliance with company policies, statutory regulations, and ethical sourcing practices.
• Maintain accurate procurement records and documentation.
Qualifications & Skills
• Bachelor's degree in Mechanical Engineering or related field.
• 4–7 years of experience in procurement / supply chain.
• Strong negotiation, communication, and analytical skills.
• Proficiency in MS Excel, ERP preferred.
• Knowledge of contract laws, import/export regulations, and vendor development.
Key Competencies
• Commercial awareness and cost focus.
• Strong stakeholder and vendor management.
• Problem-solving and decision-making.
• Ability to work under pressure and meet deadlines.
• Ethical and transparent in dealings.
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