Purchase Manager

Job Description:

Key Responsibilities:

• Supplier Sourcing & Management: Identify, evaluate, and manage suppliers to ensure the best prices, quality, and delivery times. Build strong relationships with key suppliers.
• Procurement Planning: Monitor inventory levels and coordinate with various departments to forecast material and product needs. Place orders based on project or production requirements.
• Price Negotiation: Negotiate pricing, terms, and conditions with suppliers to ensure cost-effectiveness and favorable terms for the organization.
• Order Management: Process purchase orders, ensuring all necessary details are captured, and track orders to ensure timely delivery.
• Inventory Management: Monitor and maintain optimal inventory levels to avoid stockouts or overstocking. Work closely with the warehouse and inventory teams.
• Quality Control: Ensure purchased materials/products meet the company’s quality standards and specifications.
• Vendor Performance Monitoring: Track supplier performance on quality, cost, and delivery timelines. Resolve any supply chain or quality issues as they arise.
• Documentation & Reporting: Maintain accurate records of purchases, contracts, and supplier communications. Provide regular reports to management regarding purchasing activities and savings.
• Compliance: Ensure adherence to internal policies, legal regulations, and industry standards regarding procurement practices.
• Cost Management: Identify opportunities for cost reduction without compromising quality. Stay updated on market trends and material costs.

Skills and Qualifications:

• Educational Requirements: Bachelor's degree in Business, Supply Chain Management, or related field. Certification in purchasing or procurement (e.g., CIPS) is a plus.
• Experience: At least 7-8 years of experience in procurement or purchasing, ideally in a relevant industry.
• Skills:
  • Strong negotiation and communication skills
  • Proficiency in procurement software and Microsoft Office
  • Good understanding of supply chain processes
  • Problem-solving and analytical abilities
  • Strong organizational skills and attention to detail
• Personal Attributes:
  • Self-motivated, proactive, and able to work independently
  • Ability to build and maintain strong supplier relationships
  • Ability to prioritize and handle multiple tasks simultaneously
  • Good interpersonal skills for working with cross-functional teams

Working Conditions:

• Full-time position
• Office-based with occasional visits to supplier locations
• May involve some travel, depending on the industry and supplier locations