Purchase Head

Job Description

Develop and implement procurement strategies to meet the organizations objectives and targets. Managed and led a procurement portfolio of INR 400 500 Cr / annum. Responsible for key purchase decisions directly influencing the P&L of the Business. Identify, Evaluate, and select suitable vendors / suppliers for CAPEX, OPEX and various chemical purchase of raw material and consumables. Negotiate terms & conditions, competitive pricing, delivery schedules, payment terms and long- term supply agreements wherever feasible. Maintain healthy relationships with key suppliers to ensure timely delivery of quality goods and services. Proactively address concerns that arise during the procurement process. Regularly monitor inventory levels and ensure optimal stock levels to meet demand while minimizing excess inventory. Coordinate with cross functional departments to forecast future demand and plan procurements. Constantly analyse pricing market trends, market conditions and supplier performance to identify cost optimization initiatives. Execute and sustain best in class industry practices Implement cost optimization & saving strategies without compromising quality or service. Ensure procurement process is followed as per the contracts with suppliers. Adhere to legal and regulatory compliances Spearhead revisions in contract. Collaborate with quality control and assurance teams to ensure that purchased goods and services meet the required quality standards and specifications. Continuously evaluate and improve procurement processes to enhance efficiency. Implement best practices and innovative solutions to optimize the working of the procurement function. Analyse procurement budget, report and track expenditures to respective stakeholders.