Purchase Manager

Job Description

Role and Responsibilities of Sourcing Manager/Asst. Manager Reporting to the COO, you will be responsible for the companys end to end sourcing of products and services essential for our operations. In addition, you will work with Marketing, Quality, NPD and Production departments to ensure consistent quality of products as per customer specifications. You will have the following PRIMARY OBJECTIVES: Raw material availability: Ensure 100% availability of raw materials/bought out parts to meet (a) Order board (b) Production plan every month. Report on this and demonstrate improvement. To direct and coordinate all aspects of the Materials Management function including the planning, procurement, storage and distributing of raw materials to ensure that customer orders are fulfilled on time. Cost Reduction: Continuously work on improving raw material consumption ratio Managing Supplier Performance: Based on top 3 material shortages you need to develop a strategy of Supplier improvement/alternate vendor development plan and report on it. Also responsible for developing and managing all supplier relationships to continuously improve quality and delivery parameters and develop alternate vendors for all key components. Inventory planning: Ensure inventory at our end and supplier end to support demand as per 3 month rolling / sales inputs. To support meeting of these objectives, the following will come within your purview: Develop, implement and manage cross-functional, fully integrated planning process that incorporates make versus buy, capacity planning, scheduling, inventory, material and associated cost elements. Performs analysis of customer demand, sales forecasts and historical material usage to develop and execute build to order and build to forecast plans. Coordinate with cross-functional business teams to develop the best economic strategy for production planning to support customer demand. Establish and implement methods and best practices related to the systems and process that support inventory forecasting, purchasing, and material control. Work on improving inventory turns Local as well as Imported material Prepares customer delivery reports by collecting, analyzing and summarizing information and trends and uses information to proactively communicate potential late deliveries. Establishes and supervises production scheduling activities by monitoring material inventories, tracking progress of production and reviewing factors that affect schedules. Develop and execute a sourcing strategy to meet the companys business growth and sourcing requirements. Identify, develop and manage effective relationships with existing and potential suppliers of goods and services to meet the established cost, quality and delivery targets. Establish, implement, and manage system to evaluate, monitor and report supplier scorecard performance. Adhere to established company policies, procedures, terms and conditions and legal matters that affect purchasing policies. Coordinate and work with quality, engineering, machining and assembly operations to ensure 100% on-time delivery by establishing and monitoring schedule to proactively identify and address any issues. Responsible for accuracy of inventory counts by implementing and managing, in conjunction with Finance, an inventory control system, capable of identifying discrepancies in inventory counts and taking corrective action to guard against inconsistencies in the future. Achieves financial objectives by working with management group to prepare the materials budget, schedule expenditures, analyze variances and initiate corrective actions. Participates as a member of the operations team in making cross-functional operational decisions. Collaborate with Manufacturing, Production Process & Quality to achieve cost reduction targets. Maintains a safe and healthy work environment. Preferred Candidate from Automobile / Industrial Filter Manufacturing.