Purchase Manager

As a Purchase Manager at our company in Visakhapatnam, India, you will be responsible for overseeing all purchasing activities, managing vendor relationships, and ensuring cost-effective procurement of goods and services. Your role will involve developing and implementing purchasing strategies, negotiating contracts with vendors, analyzing market trends, and collaborating with cross-functional teams to meet departmental needs. You will also be required to maintain accurate records of purchases, deliveries, and inventory levels, ensure compliance with company policies and regulations, and develop strong relationships with key suppliers. Key Responsibilities: - Develop and implement purchasing strategies for cost savings and operational efficiency - Manage the entire procurement process from identifying needs to finalizing purchases - Negotiate contracts and agreements with vendors for favorable terms and pricing - Analyze market trends, pricing, and supplier performance for informed decision-making - Collaborate with cross-functional teams to fulfill departmental needs - Maintain accurate records of purchases, deliveries, and inventory levels - Ensure compliance with company policies, procedures, and regulations - Develop and maintain strong relationships with key suppliers and vendors - Implement and manage inventory control systems for optimized stock levels - Prepare and analyze purchasing reports to support decision-making processes - Continuously evaluate and improve purchasing processes for enhanced efficiency and reduced costs Qualifications: - Bachelor's degree in Business Administration, Supply Chain Management, or a related field - Proven experience in procurement and supply chain management - Strong knowledge of purchasing processes and vendor management - Excellent negotiation skills with a track record of securing favorable terms - Proficiency in Microsoft Office suite, particularly Excel - Experience with inventory management systems and practices - Strong analytical and problem-solving skills - Excellent communication and interpersonal abilities - Demonstrated ability to make decisive and efficient decisions - Detail-oriented with strong organizational skills - Fluency in English, both written and verbal - Knowledge of ERP systems and e-procurement platforms (preferred) - Professional certification such as CPM or CPSM (preferred),