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3 Fair Engineering Co. Jobs

Purchase Manager / Procurement Manager/ Sourcing Manager

2-6 years

₹ 3 - 5.5L/yr

Mumbai

1 vacancy

Purchase Manager / Procurement Manager/ Sourcing Manager

Fair Engineering Co.

posted 7d ago

Job Description

Key Responsibilities:

  • Vendor Management: Develop, manage, and maintain strong, productive relationships with key suppliers and vendors, ensuring the continuous supply of quality products and services.
  • Vendor Creation: Oversee the process of establishing new vendor accounts, ensuring compliance with company policies, and reviewing the reliability and financial stability of potential suppliers.
  • Negotiation: Lead the negotiation of contracts, prices, and terms with suppliers to ensure competitive pricing, timely deliveries, and favorable conditions.
  • Purchase Strategy: Develop and implement effective purchasing strategies aligned with the companys goals, optimizing supply chain efficiency and cost reduction.
  • Supply Chain Coordination: Work closely with the logistics and inventory teams to ensure timely delivery of goods and services while managing supplier performance and resolving any supply-related issues.
  • Market Research & Networking: Continuously research market trends, new products, and alternative suppliers. Build a robust network of industry contacts and engage with new suppliers to ensure a competitive edge.
  • Budgeting and Cost Control: Monitor and control procurement budgets, ensuring cost-effective purchasing while maintaining quality standards.
  • Compliance and Documentation: Ensure all purchasing activities comply with company policies, industry standards, and regulatory requirements. Maintain accurate records of transactions, contracts, and vendor communications.
  • Reporting: Regularly report procurement performance, savings, and vendor issues to management, recommending improvements and strategies for more efficient purchasing processes.
  • Inventory Management: Work with the inventory team to avoid overstocking and understocking, ensuring adequate supply levels while optimizing storage costs.

Skills and Qualifications:

  • Education: Bachelors degree in Business Administration, Supply Chain Management, or related field (Master’s degree preferred).
  • Experience: Minimum 2 years of experience in purchasing, procurement, or supply chain management.
  • Negotiation Skills: Proven expertise in vendor negotiations, including contract terms, prices, and delivery schedules.
  • Vendor Management: Strong experience in vendor creation, management, and performance monitoring.
  • Communication: Excellent interpersonal and communication skills with the ability to establish relationships and collaborate with internal teams and external vendors.
  • Analytical Skills: Strong analytical and problem-solving skills, with a keen attention to detail.
  • Time Management: Ability to prioritize tasks and manage multiple projects simultaneously, ensuring timely execution.
  • Software Proficiency: Experience with procurement software (e.g., SAP, Oracle, or other ERP systems), and proficiency in Microsoft Office Suite (Excel, Word, PowerPoint).

Key Attributes:

  • Strong leadership and team management skills
  • Exceptional negotiation and problem-solving abilities
  • High level of integrity and ethical standards
  • Strong networking and relationship-building capabilities
  • Strategic thinking with the ability to adapt to changing market conditions



Employment Type: Full Time, Permanent

Read full job description

What people at Fair Engineering Co. are saying

What Fair Engineering Co. employees are saying about work life

based on 3 employees
100%
Day Shift
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Fair Engineering Co. Benefits

Team Outings
Free Food
Free Transport
Child care
Gymnasium
Cafeteria +6 more
View more benefits

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