Sr. Purchase Manager

Key Responsibilities

A. Strategic Procurement

• Develop and implement procurement strategy aligned with company goals and cost-saving objectives.
• Analyze market trends, material costs, and supplier performance to forecast procurement needs.
• Prepare annual procurement budgets and monitor adherence.
• Identify alternate vendors/sources to ensure business continuity.

B. Vendor Management & Development

• Identify, evaluate, and onboard new suppliers as per company standards.
• Conduct periodic supplier audits and maintain an approved vendor database.
• Develop long-term vendor relationships through transparent communication and performance reviews.
• Ensure vendors comply with company s quality, safety, and compliance standards.

C. Purchase Operations

• Manage end-to-end purchase cycle from indents/requisitions to final delivery.
• Review and approve Purchase Orders (POs), rate contracts, and agreements.
• Ensure procurement timelines align with project and production schedules.
• Maintain accurate purchase records, delivery tracking, and payment follow-ups.
• Coordinate closely with stores, accounts, and user departments for smooth operations.

D. Cost Control & Negotiation

• Drive cost-reduction initiatives through volume discounts, alternate sourcing, and process efficiency.
• Lead vendor negotiations for price, payment terms, and delivery schedules.
• Conduct periodic rate benchmarking to maintain competitive pricing.

E. Compliance & Documentation

• Ensure adherence to company s procurement policies and audit requirements.
• Maintain documentation for all procurement transactions, quotations, and comparative statements.
• Coordinate with the finance department for vendor payments and reconciliation.

F. Team Leadership

• Lead, train, and mentor the purchase team for efficient and transparent operations.
• Set departmental goals, review performance, and ensure continuous improvement.
• Maintain coordination with SCM, warehouse, and accounts teams for seamless workflow.

Desired Profile

Behavioral Competencies