Purchase Head

1.

Position Title:

Department:

Reporting To:

Location:

Job Summary:

Key Responsibilities:

1. Strategic Procurement:

• Develop and implement procurement strategies that align with the company's goals and objectives.
• Identify opportunities for cost reduction, improved quality, and process optimization in the procurement process.
• Conduct market research to stay updated on industry trends, pricing, and supply chain dynamics.

2. Supplier Management:

• Establish and maintain strong relationships with suppliers and vendors.
• Negotiate contracts, terms, and pricing to secure the best value for the company.
• Monitor supplier performance to ensure compliance with contractual agreements, quality standards, and delivery timelines.

3. Materials Management:

• Oversee the procurement of engineering goods, including hydraulic items, various types of steels, cutting tools, and heating elements.
• Ensure the availability of materials to meet production schedules without incurring unnecessary costs or inventory buildup.
• Collaborate with the production and engineering departments to understand material requirements and specifications.

4. Team Leadership:

• Lead and mentor a team of procurement professionals, fostering a collaborative and high-performance work environment.
• Set clear objectives, provide guidance, and conduct regular performance evaluations to ensure team members are aligned with departmental goals.

5. Process Optimization:

• Continuously evaluate and improve purchasing processes to enhance efficiency and reduce lead times.
• Implement best practices in procurement, including the use of technology and automation where applicable.
• Ensure compliance with company policies, industry regulations, and ethical standards in all procurement activities.

6. Budget and Cost Management:

• Develop and manage the procurement budget, ensuring alignment with financial goals.
• Monitor and control costs associated with procurement activities, including material costs, transportation, and storage.
• Provide regular reports to the Finance Head and Plant Head on procurement performance, cost savings, and budget adherence.

7. Risk Management:

• Identify and mitigate risks associated with the supply chain, including supplier reliability, market volatility, and geopolitical factors.
• Develop contingency plans to address potential disruptions in the supply chain.

8. Collaboration:

• Work closely with the Finance Department to ensure accurate forecasting, budgeting, and financial planning.
• Coordinate with the Plant Head and other department heads to align procurement activities with production schedules and operational needs.

Qualifications:

• Education:

  Bachelors Degree in Engineering (Mechanical, Industrial, or related field). A Master’s degree in Supply Chain Management or Business Administration is a plus.

• Experience:

  10 to 15 years of experience in the Purchase Department within an Engineering Goods Manufacturing Industry.

• Technical Skills:

  Must be well-versed in hydraulic items, all kinds of steels, cutting tools, and heating elements.

• Leadership Skills:

  Proven ability to lead a team, manage cross-functional relationships, and drive strategic initiatives.

• Communication:

  Excellent verbal and written communication skills with the ability to negotiate effectively and present to senior management.

• Analytical Skills:

  Strong analytical and problem-solving skills, with the ability to make data-driven decisions.

• Software Proficiency:

  Familiarity with procurement software, ERP systems, and advanced Microsoft Excel skills.

Key Competencies:

• Strategic Thinking
• Negotiation and Influencing
• Decision Making
• Financial Acumen
• Supplier Relationship Management
• Risk Management
• Leadership and Team Development

Working Conditions:

• The position is primarily office-based, with occasional travel to supplier locations and company plants as required.

Contact Person: Satheesh 9347282323

Mail ID: headhr@klruniversal.com, hr@klruniversal.com