Assistant Manager - BPA Management 2

Job Description

Designation: Assistant Manager Updated: May 27, 2025 Location: Maharashtra, India Organization: Novel Jewels Ltd. Job Description: Job Summary: We are looking for a diligent and detail-oriented Executive to manage vendor pricing updates. The role involves maintaining accurate and up-to-date pricing data, coordinating with vendors and internal teams, and ensuring smooth implementation of price revisions across systems and processes. Key Responsibilities: 1. Vendor Pricing Management: Update vendor prices in ERP and procurement systems as per revised agreements or market trends. Verify pricing terms against contracts, purchase orders, and communication records. Ensure timely implementation of pricing changes to avoid delays or discrepancies in procurement. 2. Coordination & Communication: Liaise with vendors for updated price lists, negotiation outcomes, and product cost changes. Work closely with the Diamond Sourcing, finance, and Sourcing teams to validate and approve pricing updates. Communicate pricing changes effectively to relevant stakeholders including procurement and sales. 3. Data Accuracy & Compliance: Conduct regular audits of pricing data to ensure accuracy and compliance with internal policies. Maintain a centralized database of vendor pricing history for audit and analysis. Flag inconsistencies or unauthorized price changes for corrective action. 4. Reporting & Analysis: Generate reports on pricing trends, cost fluctuations, and vendor cost impact on margins. Support decision-making by providing accurate pricing inputs for budgeting and forecasting. Track and report vendor-wise cost changes and their impact on overall procurement spend. Qualifications & Skills: Bachelor’s degree in commerce, Business Administration, or related field. 1–3 years of experience in vendor management, procurement, or pricing operations. Proficient in MS Excel, Power BI and ERP systems (e.g., Oracle). Strong attention to detail and data accuracy. Good communication and coordination skills. Preferred Attributes: Experience in Jewellery retail, or e-commerce environments. Knowledge of basic contract terms, pricing structures, and cost elements. Ability to work with cross-functional teams under tight deadlines. Qualifications: Graduate Minimum Experience Level: 2-4 Years Report to: DGM - CONTRACT MANAGEMENT