Purchase Executive

Company Description

Rama Mining Tools Pvt. Ltd.
is a global supplier of advanced opencast and underground mining equipment, as well as construction air tools tailored for the
mining and construction industry.
The organization is committed to delivering high-quality and innovative products to meet the dynamic needs of its clientele. With a focus on reliability and performance, Rama Mining Tools is trusted by industry professionals worldwide to streamline operations and enhance productivity.

Key Responsibilities:

• Strategic Sourcing:
• Develop and implement sourcing strategies to ensure the timely and cost-effective procurement of materials, tools, and equipment required for mining operations.
• Identify and evaluate potential suppliers and vendors, maintaining strong relationships and negotiating contracts to secure favorable terms and pricing.
• Procurement Management:
• Supervise the procurement team in issuing purchase orders, contracts, and agreements in compliance with company policies and procedures.
• Monitor procurement activities to ensure adherence to budgetary constraints and project timelines, resolving any issues or delays as necessary.
• Supplier Relationship Management:
• Foster and maintain strategic partnerships with key suppliers and vendors, conducting regular performance reviews and addressing any concerns or issues that may arise.
• Collaborate with suppliers to drive continuous improvement initiatives, such as cost reductions, quality enhancements, and process efficiencies.
• Inventory Control and Management:
• Oversee inventory levels and stock replenishment processes, working closely with warehouse and inventory teams to optimize stock levels and minimize carrying costs.
• Implement inventory control measures to prevent stockouts and excess inventory, ensuring the availability of materials and equipment as needed.
• Contract Negotiation and Management:
• Lead negotiations with suppliers to establish favorable terms and conditions, including pricing, delivery schedules, and payment terms.
• Review and manage supplier contracts and agreements, ensuring compliance with legal and regulatory requirements and mitigating any contractual risks.
• Cost Analysis and Optimization:
• Conduct cost analysis and market research to identify cost-saving opportunities and optimize procurement strategies.
• Develop and implement cost reduction initiatives while maintaining quality standards and meeting operational requirements.
• Documentation and Reporting:
• Maintain accurate records of procurement activities, including purchase orders, contracts, and supplier communications.
• Generate reports on procurement performance, spending analysis, and cost savings achievements, providing insights and recommendations to management.
• Compliance and Risk Management:
• Ensure compliance with company policies, procedures, and regulatory requirements in all procurement activities.
• Identify and mitigate potential risks related to procurement, such as supply chain disruptions, supplier dependencies, and regulatory compliance issues.

Qualifications and Skills:

• Bachelor's degree in Business Administration/ BE in Mechanical
• Proven experience in procurement, preferably in the mining tools or heavy equipment industry or any other industrial products.
• Candidates with mechanical background preferred.
• Strong leadership and team management skills, with the ability to motivate and develop a high-performing procurement team.
• Excellent negotiation, communication, and interpersonal skills, with the ability to build and maintain relationships with internal stakeholders and external suppliers.
• Proficiency in procurement software and Microsoft Office applications.
• In-depth knowledge of procurement best practices, supply chain management principles, and relevant regulations.

Benefits:

• Leave encashment
• Provident Fund