Procurement Manager

Company Overview

We are a USD 50 million manufacturing company with a strong focus on operational excellence, quality, and customer satisfaction. Our production facility is strategically located in SriCity, Andhra Pradesh. As we continue to scale, we are looking for a dynamic and experienced professional to lead our procurement function.

Role Summary

Procurement & Sourcing Manager

Key Responsibilities

Procurement Planning & Strategy

• Develop and execute procurement strategies aligned with business and production requirements.
• Forecast material requirements based on production schedules, demand planning, and inventory levels.

Sourcing & Vendor Management

• Identify, evaluate, and develop reliable vendors for raw materials, consumables, BOPs, MRO, and capital equipment.
• Build and maintain strong supplier relationships to ensure quality, reliability, and cost competitiveness.

Negotiation & Contracting

• Lead commercial negotiations to secure favorable terms on pricing, payment, and delivery.
• Draft, review, and manage supplier contracts ensuring compliance with company policies and statutory requirements.

Cost Optimization

• Drive cost-reduction initiatives through strategic sourcing, supplier development, and process improvement.
• Monitor global and domestic market trends, including commodity price movements, to make informed sourcing decisions.

Compliance & Documentation

• Maintain accurate procurement records, contracts, and audit trails.
• Ensure strict adherence to procurement policies, regulatory guidelines, and internal audit requirements.

Risk Management:

• Identifying and mitigating Procurement risks to maintain operational efficiency

Collaboration Points

• Work closely with Procurement Leads for category strategy alignment and issue resolution.
• Collaborate with Planning, Production, and Quality teams to ensure supply continuity.
• Engage with NPD for contract approvals, budgeting, and compliance.
• Act as escalation point for supplier delays, disputes, or high-value negotiations.

Required Qualifications & Skills

• Bachelors degree in Engineering, Supply Chain, or related discipline; MBA/PGDM preferred.
• 1014 years of procurement experience in a manufacturing environment, with at least 3 years in a leadership role.
• Strong vendor management, negotiation, and contract governance expertise.
• Familiarity with ERP systems (SAP, Oracle, NAV, or equivalent).
• Knowledge of domestic and international sourcing, import regulations, and SEZ frameworks.
• Strong leadership, analytical, and interpersonal skills.

Preferred Attributes

• Experience working in an industrial cluster or SEZ (Special Economic Zone).
• Hands-on approach with the ability to engage at the shop-floor level.
• Strong leadership qualities with experience in managing and developing procurement teams.