Purchase Manager

-> Developing long-term partnerships with vendors, according to the product cycle requirements, to ensure timely and cost-effective purchases in accordance with Negotiation strategy guidelines. -> Executing vendor onboarding process a) Based on the requirement to improve delivery, b) To reduce the cost of purchase, c) To introduce new products based on demand from creative & sales and completing d) To implement 3 supplier policies and e) To ensure more reliable suppliers than non-reliable. f) Revise the rate contracts based on the revision in the pricing by renegotiating g) Renegotiate when quantity gets increased -> To drive the PRF to the PO Process as per the flow (refer to flowcharts) -> Work on the Escalation that arises from the Purchase Coordinator, may require to bring the matter to the CEO -> To Close the Debit, note, and credit notes as per the requirement on a timely basis -> To learn about the supplier’s cost structure, overheads, and process structure, to map their costing structure, by enabling this point you'll be able to negotiate terms in a better way -> To manage the aging-wise report of payables and share it with the finance team for fund planning -> To communicate with the creditors on their payment queries, and ensure when funds arrangement is there, they get their payments on a timely basis a) when the cash flow problem is there, communicate with the creditors and share with them the reason for the delay and seek their cooperation b) do not avoid their calls on the shake of delay situation -> To manage the transport freight negotiation and share with the team -> To manage the Product onboarding initiation activities -> To ensure the smooth functioning of the DRRP Process D - Damage (arrange the spares) R - Repair (arrange the spares) R - Replace (Initiate the process) P - Purchase Return (Initiate the process) -> Ensure Vendor evaluation process, database maintenance, and compliance management -> Aware of quality requirements from vendors, product-wise specifications, and ideas about prices -> To visit to shows, exhibitions, markets for the vendor development, evaluation process -> To start practicing great practices like JIT (just in time) Kanban (vendor carries our safety stock at his point) Rating system -> Carrying out cost analysis -> Documentation and Maintenance of reports -> Maintaining in sync with company ERP, updating details on it regularly -> Coordination and query resolution of vendors