Purchase Manager

Job Description

Job Role: The Manager – Purchase will lead and execute the strategic procurement functions of the organization, with a strong focus on developmental and value-driven sourcing initiatives. This role will also oversee the end-to-end procurement process, including planning, vendor development, inventory management, and SAP-MM data handling. The role demands effective coordination with production, NPD (New Product Development), stores, finance, and quality teams to ensure timely, cost-effective, and high-quality procurement. Roles & Responsibilities: · Develop and execute procurement strategies aligned with long-term business goals and cost optimization. · Identify and develop new vendors (domestic and international) for strategic and developmental procurement needs. · Lead strategic sourcing, supplier audits, evaluation, and onboarding. · Collaborate with Engineering and R&D/NPD teams to identify new materials and technologies. · Work closely with Finance to manage procurement budgets and implement cost-reduction initiatives. · Standardization and variety reduction of components for cost and inventory optimization. · Plan and ensure availability of all production-related materials as per production schedules without delays. · Execute purchase activities through SAP-MM; monitor MIS reports and procurement KPIs. · Coordinate with stores and production for optimum inventory levels and replenishment strategies. · Monitor supplier performance and resolve quality or delivery issues. · Manage procurement documentation, contracts, and compliance audits. · Dispose of scrap and surplus materials in accordance with company policies. · Support material requirements for New Product Development (NPD) on time. · Supervise and mentor the purchase team and ensure task allocation, performance monitoring, and training. · Ensure cross-functional coordination and communication across departments for seamless procurement processes. · Carry out any additional responsibilities assigned by superiors or management as and when required. Competencies Required: · Strategic Sourcing and Vendor Development · Negotiation and Contract Management · Cost Analysis and Value Engineering · SAP MM Module Expertise · Budgeting and Forecasting · Analytical & Decision-Making Skills · Leadership and Team Development · Excellent Comunication and Interpersonal Skills Educational Qualification & Experience required: · B.E./B.Tech in Mechanical/Production/Industrial Engineering with MBA in Supply Chain Management or Operations (preferred). · Minimum 8–12 years of progressive experience in purchase/materials management in a manufacturing environment, with at least 3–5 years in a managerial role handling strategic and developmental purchases. · Engineering Industry experience is preferred. Job Type: Full-time Pay: ₹55,000.00 - ₹65,000.00 per month Benefits: Food provided Health insurance Provident Fund Schedule: Morning shift Supplemental Pay: Yearly bonus Work Location: In person