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Purchasing cum Procurement Manager
Responsibilities
Strategic Procurement:
- Develop and implement procurement strategies that align with business objectives.
- Identify and evaluate new suppliers and vendors.
- Conduct market research to stay updated on industry trends, pricing, and supply conditions.
- Build and maintain strategic relationships with key suppliers.
- Ensure adherence to procurement policies, procedures, and ethical standards.
Purchasing Operations:
- Handle day-to-day purchasing activities for materials, equipment, and services.
- Approved purchase orders (POs) and monitor their status to ensure timely delivery.
- Evaluate purchase requisitions for completeness and accuracy.
- Maintain accurate records of purchases, pricing, and inventory.
Vendor Management:
- Negotiate terms and conditions with suppliers, including pricing, delivery, and payment terms.
- Monitor supplier performance and resolve any issues related to quality, delays, or non-compliance.
- Conduct supplier audits and performance evaluations regularly.
Cost Control & Budgeting:
- Work with the finance department to prepare procurement budgets and forecasts.
- Monitor and control procurement costs to ensure savings and cost efficiency.
- Identify opportunities for cost reduction and process improvement.
Compliance & Documentation:
- Ensure compliance with legal and regulatory requirements in procurement processes.
- Maintain proper documentation and records for audits and internal controls.
- Develop and maintain standard operating procedures (SOPs) for procurement activities.
Qualifications and Skills:
- Bachelor’s degree in Supply Chain Management, Business Administration, or a related field.
- 5+ years of experience in purchasing/procurement, with at least 2 years in a managerial role.
- Strong knowledge of procurement best practices, vendor management, and contract negotiation.
- Excellent negotiation, communication, and interpersonal skills.
- Strong analytical and problem-solving abilities.
- Ability to work under pressure and manage multiple priorities effectively.
- High level of integrity and professionalism.
