Purchase Manager

Job Title: Purchase Manager
Location: Vile Parle West, Mumbai
Department: Procurement
Reports to: Department Head/Senior Manager
Job Summary: The Purchase Manager is responsible for overseeing the procurement of goods and services for the company. This includes strategizing to find cost-effective deals and suppliers, ensuring timely delivery of quality products, and managing vendor relationships to achieve the company's operational and financial goals.
Key Responsibilities:

1. Strategic Sourcing:
• Develop, lead, and execute purchasing strategies.
• Identify potential suppliers, evaluate offers, and negotiate contracts.
• Analyze market trends and apply this knowledge to make insightful buying decisions.

1. Vendor Management:
• Build and maintain relationships with key suppliers.
• Monitor supplier performance to ensure compliance with contractual terms and quality standards.
• Resolve any supplier issues and discrepancies.

1. Cost Management:
• Manage the procurement budget effectively.
• Identify and implement cost-saving opportunities.
• Conduct regular price comparisons to ensure the company is obtaining the best possible price.

1. Inventory Management:
• Collaborate with inventory control to develop metrics for gauging inventory level needs.
• Oversee inventory replenishment and manage stock levels to avoid shortages or overstock.

1. Quality Assurance:
• Ensure that all procured items meet the required quality standards and specifications.
• Conduct regular quality control audits of suppliers and products.

1. Compliance and Risk Management:
• Ensure all procurement activities comply with relevant laws, regulations, and company policies.
• Identify and mitigate procurement risks through effective risk management strategies.

1. Reporting and Analysis:
• Prepare and present regular reports on procurement activities, including spend analysis and savings achieved.
• Utilize data analytics to inform and support purchasing decisions.

Qualifications:

• Bachelors degree
• Minimum of 3 years or above experience in procurement, purchasing,
• Proven experience in negotiating contracts and managing supplier relationships.
• Strong understanding of market dynamics and sound business judgment.
• Proficiency in procurement software and MS Office.
• Excellent communication, negotiation, and interpersonal skills.
• Strong organizational and time management skills.
• Ability to work under pressure and meet tight deadlines.