Procurement Manager

Job Description

Job Summary:We are seeking a highly organized and strategic Procurement Manager to lead procurement efforts within our cutting-edge automation company. The ideal candidate will have a strong background in procurement, particularly within the technology or automation sectors, and be responsible for sourcing high-quality materials, components, and services while driving cost-efficiency. The Procurement Manager will work closely with cross-functional teams to ensure timely and cost-effective procurement that supports both ongoing projects and long-term company goals in innovation and automation.Key Responsibilities:Procurement Strategy & Operations: Develop and execute procurement strategies tailored to the needs of our organization, ensuring timely delivery of high-quality materials and services. Oversee the full procurement cycle, from supplier selection and contract negotiation to purchase order execution and vendor relationship management. Optimize procurement processes to align with production schedules and project requirements, ensuring no disruptions to product development or manufacturing timelines. Monitor market conditions to anticipate pricing trends, mitigate risks, and make proactive sourcing decisions.Vendor Management & Negotiation: Identify, evaluate, and build strategic partnerships with suppliers specializing in automation technologies, robotics, electronics, and other relevant sectors. Lead negotiations with suppliers to secure optimal pricing, contract terms, and delivery schedules while maintaining strong vendor relationships. Ensure that suppliers adhere to agreed-upon performance metrics, including cost, quality, and delivery time, through regular performance evaluations. Mitigate supplier risk by developing contingency plans and diversifying the supply base where necessary.Cost Control & Efficiency: Manage the procurement budget, ensuring all purchases deliver maximum value for the company. Identify opportunities for cost savings through bulk purchasing, alternative sourcing, and vendor consolidation, while ensuring no compromise in quality. Collaborate with finance and operations teams to forecast future demand and inventory needs, minimizing waste and overstock.Compliance & Risk Management: Ensure compliance with local, national, and international regulations regarding procurement, contracts, and supply chain management. Maintain accurate and up-to-date procurement documentation, including contracts, purchase orders, and supplier agreements. Manage supplier audits to ensure compliance with environmental, safety, and regulatory standards, particularly in the high-tech and automation sectors.Cross-functional Collaboration: Work closely with engineering, sales, supply chain teams to understand material specifications and project requirements. Align procurement strategies with the overall business objectives, particularly in supporting the quotes for items for bid support. To ensure that inventory levels meet shipments & billing without excess stock or material shortages.Technology Integration & Process Improvement: To implement procurement software systems to streamline purchasing activities, improve data accuracy, and increase process transparency. Stay updated on advancements in procurement automation and apply these technologies to optimize the supply chain. Drive continuous process improvements to enhance efficiency, reduce lead times, and minimize procurement-related risks.Reporting & Analytics: Provide regular reports to senior management on procurement performance, cost savings, supplier performance, and market conditions. Use data analytics to track procurement KPIs, such as cost reductions, vendor performance, and delivery timelines, and drive data-driven decision-making. Location - Ghaziabad, Delhi, Himanchal, Gujrat