Purchase Manager

Role Overview

domestic sourcing

Key Responsibilities

1. Strategic Sourcing & Procurement

• Develop and execute procurement strategies for electronic components (ICs, PCBs, connectors, passives, displays, semiconductors, cables, etc.).
• Identify, evaluate, and onboard domestic and international suppliers.
• Conduct market research on pricing trends, lead times, and component availability.
• Manage RFQs, negotiate pricing, payment terms, and delivery schedules.

2. Domestic Procurement

• Build strong relationships with Indian distributors, OEMs, and authorized partners.
• Ensure timely procurement from local markets (Delhi NCR, Bengaluru, Mumbai, Chennai, etc.).
• Coordinate with logistics partners for smooth inbound movement.
• Monitor GST compliance, einvoicing, and vendor documentation.

3. International Procurement

• Source components from China, Taiwan, Korea, Japan, Singapore, and other global hubs.
• Manage import documentation: PI, CI, PL, COO, HS codes, and compliance requirements.
• Coordinate with freight forwarders for air/sea shipments.
• Optimize landed cost by evaluating duties, freight, insurance, and currency fluctuations.
• Ensure compliance with DGFT, customs regulations, and BIS/ROHS/REACH requirements.

4. Vendor Management & Development

• Evaluate supplier performance based on quality, cost, delivery, and service.
• Develop alternate suppliers to reduce dependency and mitigate supply risks.
• Conduct supplier audits in coordination with QA and engineering teams.
• Maintain long-term strategic partnerships with key vendors.

5. Inventory & Supply Chain Coordination

• Work closely with production planning to maintain optimal inventory levels.
• Implement buffer stock strategies for long lead-time components.
• Monitor slow-moving and obsolete inventory.
• Use ERP systems for purchase planning, GRN tracking, and stock reconciliation.

6. Cost Optimization & Negotiation

• Drive cost reduction initiatives through volume bundling, alternate sourcing, and long-term contracts.
• Analyze BOM cost structures and identify savings opportunities.
• Benchmark prices across domestic and international markets.

7. Cross-Functional Collaboration

• Coordinate with R&D, engineering, QA, production, and finance teams.
• Support NPI (New Product Introduction) by sourcing new components.
• Ensure timely availability of samples, prototypes, and trial materials.

8. Compliance & Documentation

• Maintain accurate procurement records, contracts, and vendor agreements.
• Ensure adherence to company policies, audit requirements, and statutory norms.
• Manage import compliance including duty exemptions (if applicable), EPCG, or PLI/ESDM documentation support.