Manager - stores and procurement

Responsibilities

1. Procurement Management

• Develop and implement procurement strategies to ensure cost-effective and timely acquisition of materials, equipment, and services.
• Negotiate contracts and agreements with vendors and suppliers to secure favorable terms.
• Evaluate supplier performance and maintain robust supplier relationships.
• Ensure compliance with procurement policies, ethical standards, and legal requirements.

2. Inventory and Stores Management

• Oversee the management of inventory levels to prevent overstocking or stockouts.
• Implement effective inventory control practices and systems to ensure accuracy.
• Monitor the movement and storage of goods within the organization.
• Regularly review and optimize the layout and organization of storage facilities.

3. Cost Management and Budgeting

• Prepare and manage departmental budgets and expenditure forecasts.
• Identify cost-saving opportunities in procurement and inventory management.
• Conduct regular cost analysis and present findings to senior management.

4. Team Leadership and Development

• Lead, mentor, and develop the purchase and stores team to enhance their skills and performance.
• Set clear goals and performance metrics for team members.
• Promote a collaborative and professional work environment.

5. Coordination and Stakeholder Management

• Collaborate with internal departments such as production, finance, and quality control to align procurement and inventory goals.
• Resolve any issues related to delayed shipments, damaged goods, or supply shortages.
• Act as the primary point of contact for vendor-related inquiries.

6. Process Improvement and Technology Integration

• Drive continuous improvement initiatives in procurement and inventory management processes.
• Leverage technology and ERP systems to enhance efficiency and transparency.
• Stay updated on industry trends and advancements in supply chain management.

Required Qualifications and Experience

• Education

  : Bachelors Degree in Engineering (B.E.) is mandatory. A Master’s Degree in Business Administration (MBA) or Supply Chain Management is an added advantage.

• Experience

  : Minimum of 15 years of relevant experience in procurement, supply chain, and inventory management, with at least 5 years in a senior managerial role.

• Technical Skills

  :
• Strong knowledge of procurement and inventory management software (ERP systems preferred).
• Proficiency in MS Office Suite (Excel, Word, PowerPoint).

• Soft Skills

  :
• Excellent negotiation, communication, and interpersonal skills.
• Strong leadership and decision-making abilities.
• Analytical and problem-solving skills.

Key Performance Indicators (KPIs)

• Cost savings achieved through procurement.
• Vendor performance and reliability.
• Inventory turnover ratio and stock accuracy.
• Adherence to procurement timelines and budgets.
• Team performance and engagement scores.