Purchase Head

Role & responsibilities

1.

• Develop and execute a procurement strategy aligned with business objectives
• Identify and onboard reliable suppliers and partners to ensure uninterrupted material supply
• Conduct market research to identify cost-effective and high-quality raw materials

2.

• Build and maintain strong supplier relationships for long-term collaborations
• Negotiate contracts, pricing, and payment terms to optimize costs and cash flow
• Monitor supplier performance, ensuring quality and timely deliveries

3.

• Establish cost-saving measures without compromising quality
• Develop and manage procurement budgets, tracking variances and ensuring cost efficiency
• Implement strategic sourcing initiatives for cost reduction and value addition

4.

• Ensure timely procurement of materials to support production schedules
• Work closely with warehouse and logistics teams for effective material movement
• Optimize inventory levels to prevent shortages or overstock situations

5.

• Ensure procurement processes comply with company policies and industry regulations
• Mitigate risks related to vendor reliability, price fluctuations, and supply chain disruptions
• Manage contract renewals, legal agreements, and regulatory documentation

6.

• Implement automation and digital tools to streamline procurement processes
• Utilize data analytics for trend analysis, demand forecasting, and procurement optimization
• Develop procurement KPIs and reporting mechanisms for continuous improvement

7.

• Provide regular procurement updates and reports to senior management
• Coordinate with internal departments to align procurement with business needs
• Drive initiatives for sustainability, ethical sourcing, and environmental compliance

8.

• Procurement cost savings and efficiency improvements
• Strong vendor partnerships ensuring quality and timely delivery
• Well-optimized inventory and supply chain management
• Compliance with regulatory and company procurement policies
• Digital transformation and automation in procurement processes

Preferred candidate profile

• 12+ years in Procurement & Supply Chain Management, preferably in the consumer electronics or manufacturing sector
• MBA in Material Management