Purchase Manager
Job Description
Overview
The Purchase Manager plays a pivotal role in ensuring the organization procures the necessary goods and services at optimal prices and quality. This position is crucial for maintaining the flow of materials necessary for production and operations, thus ensuring the overall efficiency and profitability of the company
Key Responsibilities- Develop and implement procurement strategies that support the organization's objectives.
- Analyze market trends to identify potential suppliers and assess pricing, quality, and delivery capabilities.
- Negotiate contracts and terms with suppliers to optimize costs while maintaining quality standards.
- Establish and maintain effective relationships with key suppliers and vendor partners.
- Monitor supplier performance and conduct assessments to ensure compliance with agreements.
- Collaborate with cross-functional teams to forecast purchasing needs based on production schedules and inventory levels.
- Manage inventory levels and ensure adequate stock of materials to meet production requirements.
- Conduct thorough research and evaluation of new suppliers for reliability and sustainability.
- Prepare and maintain procurement reports, analyzing data to identify cost-saving opportunities.
- Coordinate with the finance department to ensure timely payments to suppliers.
- Identify risks in the supply chain and develop contingency plans to mitigate them.
- Ensure compliance with company policies and procedures related to purchasing.
- Train and mentor junior purchasing staff to enhance their skills and knowledge.
- Stay informed about changes in regulations and industry standards affecting procurement.
- Participate in corporate planning and strategy sessions to align procurement goals with organizational objectives.
Experience : 5+ years in purchase in Transformers Industry
Required Qualifications- Bachelor's degree in Business Administration, Supply Chain Management, or a related field.
- Proven experience in purchasing or procurement management, preferably in a managerial role.
- Strong understanding of supply chain processes and operations.
- Experience in negotiating contracts and managing vendor relationships.
- Proficient in procurement software and Microsoft Office Suite.
- Strong strategic thinking and negotiation skills.
Skills: analytical thinking,cost control,negotiation skills,supplier performance monitoring,market analysis,financial coordination,compliance,training and mentoring,decision-making,communication skills,supply chain management,data analysis,cross-functional collaboration,procurement strategies,supplier relationship management,risk management,regulatory awareness,inventory management,supplier research and evaluation,strategic planning,contract negotiation