Purchase Manager

Job Description

Location : Atlas Transformers India Ltd

• Oversee and manage the procurement process for materials, components, and services required in transformer production, ensuring quality, timely delivery, and cost-effectiveness.
• Negotiate contracts with suppliers and vendors to secure the best terms for cost, quality, and lead time.
• Conduct regular supplier evaluations to ensure their performance meets required standards.
• Monitor and manage inventory levels of raw materials, spare parts, and finished components to ensure production schedules are met without interruption.
• Coordinate with production and warehouse teams to optimize stock levels and minimize wastage or shortages.
• Build and maintain strong relationships with existing suppliers and explore opportunities to source from new vendors.
• Resolve any issues with suppliers related to quality, delivery delays, or price discrepancies.
• Perform market research to identify new suppliers and evaluate their capabilities.
• Work within a set budget and aim to reduce procurement costs without compromising on quality.
• Monitor price trends and develop strategies to procure materials at the most competitive rates.
• Ensure that all purchases comply with company policies and maintain cost-effectiveness.
• Ensure compliance with regulatory requirements and industry standards in procurement activities.
• Maintain accurate records of purchase orders, contracts, supplier communications, and invoices for auditing purposes.
• Coordinate with finance and accounting departments to ensure smooth and accurate invoicing and payment processes.
• Collaborate with production, engineering, and quality assurance teams to align procurement with production requirements and technical specifications.
• Address procurement-related issues or concerns raised by internal stakeholders and provide timely resolutions.
• Identify and mitigate potential risks in the supply chain, including geopolitical, financial, or natural hazards that may disrupt material availability.
• Develop contingency plans for critical material shortages or supply chain disruptions.
• Prepare regular reports on procurement activities, expenditures, and supplier performance for senior management.
• Analyze procurement data and trends to suggest improvements in processes, supplier selection, and cost-saving strategies.

• Education: Bachelor's degree in Business Administration, Supply Chain Management, or a related field (Master's preferred).
• Experience: 5+ years of experience in procurement, preferably within the manufacturing or transformer industry.
• Skills:
• Strong negotiation skills and supplier management abilities.
• Deep understanding of materials used in transformer production (e.g., copper, steel, insulation materials).
• Knowledge of supply chain management software and procurement tools.
• Strong analytical and problem-solving abilities.
• Excellent communication and interpersonal skills.

Skills: transformer,interpersonal skills,problem-solving skills,supply chain management software,supply chain,negotiation skills,procurement,supplier management,management,procurement tools,analytical skills,materials knowledge (copper, steel, insulation materials),communication skills