Procurement Manager

Mumbai

Job Description: Purchase & Procurement Manager (Electrical Firm)
Position Overview: The Purchase & Procurement Manager is responsible for overseeing the procurement process of goods and services required for an electrical firm. This includes managing supplier relationships, negotiating contracts, ensuring timely delivery, and maintaining cost efficiency. The role involves collaborating with various departments to meet operational and project needs, ensuring the procurement of high-quality electrical components, tools, and equipment. Key Responsibilities: 1. Procurement Strategy & Planning: � Develop and implement procurement strategies to optimize cost and quality for electrical materials and services. � Forecast material requirements based on project schedules and operational needs. � Conduct market research to identify new suppliers, products, and trends in the electrical industry. 2. Supplier Management: � Identify and evaluate potential suppliers for electrical components, tools, and services. � Negotiate contracts, prices, and terms with suppliers to ensure favorable agreements. � Manage supplier relationships, ensuring consistent quality, timely delivery, and problem resolution. � Monitor supplier performance and resolve any issues or discrepancies. 3. Purchasing Process: � Ensure purchase orders (PO) are created, processed, and tracked for all materials and equipment needed for projects. � Approve purchase requisitions, ensuring the quality and quantity of materials align with project requirements. � Oversee inventory management to maintain optimal stock levels, preventing shortages or excess stock. 4. Budget & Cost Control: � Monitor and control procurement budgets, ensuring procurement costs remain within allocated limits. � Identify opportunities to reduce costs through bulk purchasing, alternative suppliers, or improved purchasing processes. � Review invoices and ensure timely payments while managing cash flow effectively. 5. Compliance & Documentation: � Ensure compliance with internal purchasing policies, industry regulations, and quality standards. � Maintain accurate records of contracts, purchases, and supplier communications. � Prepare procurement reports for senior management, providing updates on savings, performance, and supplier status. 6. Collaboration & Coordination: � Work closely with project managers, engineers, and other departments to ensure materials are delivered on time and meet specifications. � Coordinate with the finance team to ensure proper allocation of funds for purchases. 7. Team Leadership: � Lead and manage the procurement team, providing training, support, and development opportunities. � Set performance targets for the team, monitor progress, and provide regular feedback. � Ensure a collaborative, efficient work environment to achieve department goals. Qualifications: Bachelors degree in Business, Supply Chain Management, Electrical Engineering, or a related field. 5+ years of experience in procurement or purchasing, preferably in the electrical or construction industry. Strong knowledge of electrical materials, equipment, and suppliers. Proven experience in negotiating contracts, supplier management, and cost reduction. Excellent communication and interpersonal skills. Strong analytical, problem-solving, and decision-making abilities. Proficient in procurement software, ERP systems, and Microsoft Office Suite. Key Skills: Strategic sourcing and supplier management. Budgeting and cost control. Inventory management. Risk management and mitigation. Negotiation and contract management. Strong communication and collaboration. Leadership and team management. Working Conditions: Full-time position, with occasional travel to suppliers or project sites. May require extended hours depending on project timelines or supply chain issues. This job description outlines the key responsibilities and qualifications for a Purchase & Procurement Manager in an electrical firm. It requires a strong combination of procurement expertise, industry knowledge, and leadership abilities to ensure the firm's supply chain remains effective and costefficient.