Material Manager(Chennai)

Role & responsibilities

• Procurement Strategy Development:

• Develop and implement procurement strategies that align with the companys goals and operational needs. In areas of automation parts /component / sub assy of brands susch as Mitsubishi, Lap, Polycab, Fresto, Wego, Omron, Balluff, Keyance, pneumatics cylinders, sensors, load cell etc.
• Identify cost-saving opportunities, optimize supply chains, and ensure procurement processes deliver value to the organization.
• Monitor market trends and new products to ensure a competitive procurement strategy.

• Vendor & Supplier Management:

• Identify, evaluate, and manage relationships with key suppliers and vendors.
• Negotiate contracts, prices, and terms to secure the best deals while ensuring quality and reliability.
• Build and maintain long-term relationships with suppliers to guarantee timely and cost-effective delivery.

• Inventory & Supply Chain Management:

• Oversee inventory levels to ensure that the right products are available at the right time, minimizing stockouts and excess inventory.
• Collaborate with logistics teams to streamline the supply chain and improve delivery schedules.
• Optimize order quantities, lead times, and replenishment systems to reduce costs and improve efficiency.

• Cost Control & Budget Management:

• Develop and manage the purchasing budget, ensuring adherence to cost targets.
• Identify and implement cost reduction initiatives without compromising quality or delivery.
• Continuously monitor and analyze expenditures, providing reports on cost trends and procurement performance.

• Compliance & Risk Management:

• Ensure all procurement activities comply with internal policies, industry regulations, and legal standards.
• Manage supplier risk by conducting due diligence and monitoring performance metrics (e.g., on-time delivery, quality issues).
• Lead initiatives to ensure ethical procurement practices and sustainability considerations.

• Team Leadership & Development:

• Lead, mentor, and develop the purchasing team, providing guidance on procurement processes, negotiation tactics, and supplier management.
• Set clear performance expectations, provide feedback, and promote professional development within the team.

• Collaboration & Stakeholder Management:

• Work closely with cross-functional teams (e.g., Project management, assembly, production, manufacturing, finance) to understand purchasing requirements and align procurement activities with operational needs.
• Provide procurement insights and updates to senior management, influencing decision-making related to supply chain and procurement.

• Contract & Supplier Performance Management:

• Oversee contract management, ensuring that all supplier agreements are up-to-date, compliant, and cost-effective.
• Monitor and assess supplier performance, implementing corrective actions when needed to improve quality or delivery issues.

Preferred candidate profile

• 12+ years experience in heavy duty Fabrication of Construction equipment industry & Vehicle body manufacturing industry

• Strong negotiation skills and a proven track record of successful vendor management.
• Deep understanding of procurement processes, sourcing strategies, and contract management.
• Proficiency in procurement software and ERP systems.
• Excellent leadership, communication, and team management skills.
• Ability to work under pressure, manage multiple priorities, and meet deadlines.
• Strong analytical and decision-making skills with a focus on cost control and efficiency.
• Knowledge of QMS and IATF /OHAS documents