Prasuma - Manager - Procurement (4-5 yrs)

Responsibilities:

Vendor Management:

- Research, identify, and evaluate potential vendors based on quality, price, reliability, and other relevant factors.

- Develop and maintain strong relationships with key vendors.

- Negotiate contract terms, pricing, and service agreements with suppliers.

- Monitor vendor performance and address any issues or discrepancies.

- Regularly review and update the vendor database.

Procurement Activities:

- Manage the entire purchasing cycle, from requisition to delivery.

- Analyze purchasing needs and develop sourcing strategies.

- Prepare and issue purchase orders.

- Track orders and ensure timely delivery of goods and services.

- Monitor and review the quality of purchased products and services.

- Manage and optimize inventory levels.

- Collaborate with internal stakeholders to understand their requirements and ensure timely fulfillment.

Financial Management:

- Conduct cost analyses and identify opportunities for cost savings.

- Prepare reports on purchases, including cost analyses, vendor performance, and market trends.

- Manage the purchasing budget.

- Ensure accurate record-keeping of purchase orders, invoices, and other relevant documentation.

Compliance and Process Improvement:

- Ensure compliance with all relevant regulations and internal policies.

- Identify and implement process improvements to enhance efficiency and effectiveness of the procurement function.

- Stay up-to-date with industry best practices and trends.

Market Research:

- Conduct market research to identify new suppliers, products, and technologies.

- Attend trade shows and exhibitions to stay informed about industry trends and network with potential suppliers.

Teamwork and Collaboration:

- Collaborate effectively with other departments, such as operations, finance, and warehouse.

- Work closely with warehouse staff to ensure proper storage and handling of purchased goods.

Requirements and Skills:

- Education: Bachelor's degree in Business Administration, Supply Chain Management, or a related field preferred.

- Experience: Proven work experience as a Purchasing Officer, Purchasing Agent, Purchase Manager, or similar role.

Technical Skills:

- Proficiency in using ERP systems and purchasing software.

- Strong Microsoft Excel skills (including data analysis and reporting).

Soft Skills:

- Excellent negotiation and communication skills (written and verbal).

- Strong analytical and problem-solving skills.

- Ability to work independently and as part of a team.

- Strong organizational and time-management skills.

- Attention to detail and accuracy.

Knowledge:

- Good knowledge of vendor sourcing practices (researching, evaluating, and liaising with vendors).

- Understanding of supply chain procedures and logistics.

- Knowledge of contract negotiation and management.

- Familiarity with quality control and assurance processes