Purchase Manager

Job Summary

Responsible for analysing and improving purchasing systems, managing procurement operations, developing sourcing strategies, controlling costs, leading the purchasing team, setting buyer performance goals based on inventory requirements and annual sales projections, establishing team members' career objectives, and improving vendor relationships.

Key Responsibilities

1. Analyse and improve purchasing systems to strengthen vendor relationships and reduce business costs.
2. Develop category sourcing structures and supplier selection strategies.
3. Develop sourcing strategies for key raw materials and communicate potential supply constraints to Engineering, Estimation, Sales, Projects, and Production.
4. Manage daily purchasing activities and ensure buyers meet individual performance standards.
5. Develop multiple vendors to improve operational flexibility and maintain costs within desired limits.
6. Convert recurring purchases and services into rate contracts to secure competitive prices, improve procurement efficiency, ensure timely material availability for Production, and avoid procurement-related delays.
7. Implement periodic cost-reduction programmes and risk identification and mitigation processes.
8. Identify innovation opportunities arising from emerging technologies relevant to the company's product lines.
9. Optimise the supplier portfolio in line with procurement strategies.
10. Negotiate supplier agreements.
11. Manage supplier performance in quality, capacity, sustainability, service, and innovation, with feedback to the Category Manager for evaluation.
12. Participate in cross-functional cost-reduction and value-engineering projects.
13. Collaborate with Inventory Control and Sales to establish inventory metrics and maintain appropriate stock levels throughout the year.
14. Develop profitable strategies for managing obsolete and slow-moving stock to offset losses.
15. Provide accurate information to Engineering and Estimation teams to support aligned budgeting.

Develop MIS formats to monitor the following KPIs:

1. Cost variance against allocated budgets, including reasons.
2. Inventory holding.
3. Scrap management and disposal details.
4. Vendor development initiatives.
5. Capacity planning.
6. Price trends.
7. Supplier reliability reports.
8. Competitive data.
9. Emerging trends on a regular basis.

Qualifications & Education

1. Bachelor's degree in Mechanical Engineering.
2. Additional qualification in Materials Management is preferred.

Experience Requirements

1. 4+ years of purchasing management experience.
2. Previous manufacturing industry experience is expected.
3. Experience in the pharmaceutical machinery manufacturing industry is preferred.

Technical Skills & Knowledge

1. SAP software experience is required.
2. Strong knowledge of materials and supply chain management is required.
3. Proven track record of developing effective inventory management policies is required.
4. Effective scrap management skills.
5. Proven track record of strategic short-term and long-term planning, along with financial acumen, is required.

Required Skills & Competencies

1. Proven negotiation skills and strong leadership experience.
2. Strong analytical skills.
3. Self-motivated and results-oriented approach.
4. Excellent oral and written communication skills.

Note: Candidates willing to relocate may receive a maximum salary hike of 30% on their current CTC. No hike exceeding 30% will be considered.