Purchase Manager

Role Title: Purchase Manager

Educational Qualification: BE/Diploma in mechanical/Production Engineering

Department: Sales

Work Experience 6 - 8 years in industrial equipment manufacturing companies like pumps, motors, valves etc.in purchase role with 2 – 3 years in managerial role.

Reports to: CEO

Any other specific requirement: Manage and optimize purchasing activities, processes and be able to negotiate the best possible deals with suppliers

Salary : 6 – 6.5 lakhs

Location: Wadala, Mumbai.

Pre-Requisites:

• Strategic mindset maintaining positive relationships with suppliers for long term benefits.
• Strong analytical, critical & logical thinking skills.
• Ability to focus under pressure and meet deadlines.
• Proficiency in MS Office essential.

Key Responsibilities:

• Setting up the weekly, monthly, quarterly procurement plan for procurement of Materials, Spares & Consumables
• Negotiation with International/Domestic suppliers for cost reduction to achieve the planned savings.
• Effective negotiation on price increase proposals from the supplier in line with the market competition and targets.
• Negotiation for the blanket terms with respect to P2P(Purchase to Pay), Cost Savings, Logistics, and Inventory management agreements.
• Collecting quotations from at least three vendors and negotiating the prices and other terms & conditions
• Preparation of Comparative Statement (CS)
• Finalizing the rates against approval from Head of Department and target given by sales.
• Responsible for Preparation, sending & Execution of purchase orders on suppliers & sub-contractors.
• Ensuring timely supply of Materials in line with the Purchase Orders / Production requirements
• Department Coordination & Inter Departmental Relations
• Releasing monthly schedules for blanket orders.
• Expediting with suppliers for on time delivery of material to ensure uninterrupted production.
• Interaction with Finance & Accounts Dept. to ensure release of payments to the vendors as per supply terms.
• In case of any rejection of material, interact with the quality control dept. and organize to get the replacement or send it back to the vendors as rejection.
• Sourcing and negotiation for the best purchase package in terms of quality, price, terms, deliveries, and services with suppliers
• Introducing new vendors for healthy competition
• Reconciliation of outstanding balances of Indian and overseas suppliers
• To cascade and deliver department/ teams targets.
• To create SOP’s (in line with ISO requirements) for the department and ensure adherence by self and team.
• To timely submit MIS reports to Management
• To create individual development plans and ensure completion of the same for self and team.
• To manage, lead and coach team for enhanced performance
• To adhere to company processes, policies, and rules/ code of conduct
• Any other task as given by management from time to time.

Key Authorities:

• Releasing purchase orders which meet the budget constraints & payment terms guidelines given by management.
• Visiting suppliers for expediting urgent supplies.

Skills/Core Competencies Required:

• International/Domestic procurement
• Drawing reading knowledge.
• Good vendor base knowledge
• Estimation of Man / Machine hour rates.
• Prices updates for Raw materials / OEM
• Knowledge of global currency
• Knowledge of Incoterms, Taxation, Logistics and freight.
• Inventory management
• Strong organizational and problem-solving skills
• Excellent communication abilities

If interested mail at u.mukadam@talentcorner.in