Purchase Manager

Job Description

We seek an experienced, results-driven purchasing manager to join our team at Formoed Wide Span Structure Pvt. Ltd. As a purchase manager, you will be responsible for handling the procurement process, sourcing suppliers and managing vendor relationships to ensure a seamless supply chain and optimise costs. You will also collaborate with cross-functional teams, make strategic decisions and implement best practices within our procurement function. This is an exciting opportunity to contribute to our company's success and be part of a dynamic team in a competitive market. We offer competitive compensation packages, health benefits and a supportive work environment that fosters learning and professional growth. Objectives of this role Developing and implementing procurement strategies and policies for cost optimisation and enhancing supply chain efficiency. Identifying, evaluating and selecting suppliers based on quality, reliability, cost-effectiveness and adherence to ethical and sustainability standards. Negotiating contracts and terms with suppliers to ensure favourable pricing, payment terms and mutually beneficial agreements. Collaborating with internal stakeholders to understand their requirements and align procurement activities with organisational goals. Conducting market research and analysis to stay updated on industry trends, supplier capabilities and pricing fluctuations. Managing supplier relationships, including ongoing performance evaluation, issue resolution and fostering long-term partnerships. Monitoring inventory levels, analysing demand patterns and implementing inventory management strategies to manage stock levels and avoid shortages or excesses. Your tasks Implement procurement systems and tools to streamline processes and enhance efficiency. Stay updated on regulatory requirements and ensure compliance with applicable laws and regulations related to sourcing activities. Source and negotiate with potential suppliers, assess their capabilities and evaluate their suitability based on predefined criteria. Manage supplier relationships, including regular communication, performance evaluations and issue resolution. Collaborate with internal stakeholders to understand their requirements and develop procurement plans accordingly. Analyse inventory levels, demand forecasts and consumption patterns to optimise stock levels and reduce carrying costs. Continuously evaluate and improve procurement practices, including identifying cost-saving opportunities and process enhancements. Prepare and present reports on procurement activities, performance metrics and cost savings to higher management. Develop and maintain procurement metrics to track performance, identify areas for improvement and report on sourcing effectiveness. Implement sustainable and socially responsible strategic sourcing practices, including supporting local suppliers and promoting ethical sourcing. Required skills and qualifications 2+ years of experience as a purchasing manager within the Indian market. In-depth knowledge of procurement principles, strategies and best practices. Demonstrable experience in the Indian market and familiarity with local suppliers and sourcing channels. Experience in implementing sustainable and socially responsible procurement practices. Strong skills in budgeting, cost optimisation and negotiation techniques. Knowledge of vendor management and inventory management systems. An analytical mind with excellent communication and interpersonal skills. Ability to work collaboratively with cross-functional teams. Proficiency in using procurement software and systems. Knowledge of local and national laws and regulations related to procurement. Willingness to work in a fast-paced and competitive environment. Preferred skills and qualifications Knowledge of industry-specific regulations and compliance requirements. Relevant certification in procurement or supply chain management. Proficiency in data analysis and reporting tools. Ability to lead and mentor a team of procurement professionals. Detail-oriented with strong organisational and time management abilities. Multilingual skills to effectively communicate with diverse stakeholders. Experience with global sourcing, logistics and supply chain best practices. Job Type: Full-time Pay: ₹25,000.00 - ₹30,000.00 per month Benefits: Cell phone reimbursement Leave encashment Paid sick time Provident Fund Schedule: Day shift Supplemental Pay: Yearly bonus Work Location: In person