Purchase Manager

Responsibilities:

• Implement procurement systems and tools to streamline processes and enhance efficiency.
• Source and negotiate with potential suppliers, assess their capabilities and evaluate their suitability based on predefined criteria.
• Manage supplier relationships, including regular communication, performance evaluations and issue resolution.
• Collaborate with internal stakeholders to understand their requirements and develop procurement plans accordingly.
• Analyze inventory levels, demand forecasts and consumption patterns to optimise stock levels and reduce carrying costs.
• Continuously evaluate and improve procurement practices, including identifying cost-saving opportunities and process enhancements.
• Prepare and present reports on procurement activities, performance metrics and cost savings to higher management.
• Develop and maintain procurement metrics to track performance, identify areas for improvement and report on sourcing effectiveness.
• Stay updated on regulatory requirements and ensure compliance with applicable laws and regulations related to sourcing activities.

Required skills and qualifications:

• Bachelor's degree in supply chain management, business administration or a related field.
• 8+ years of experience as a purchasing manager within the Indian market. 
• In-depth knowledge of procurement principles, strategies and best 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.
• Willingness to work in a fast-paced and competitive environment.
• Knowledge of industry-specific regulations and compliance requirements.
• Prepare Purchase Order and share it to suppliers.
• Microsoft word, excel and power point with good email communication skills.