Manager – Purchase

Job Description:

Skills & Experience

• Proven experience as a Purchase Manager or in a similar role in Electronics
• Production or R&D sector only
• Knowledge of Tally will be an added advantage
• Experience in Stores Management will be another advantage
• Strong analytical and problem-solving abilities
• Ability to work under pressure and manage multiple priorities.

Strategic Sourcing & Procurement:

• Develop and implement comprehensive purchasing strategies for all electrical and electronic components, including mechanical & relevant items, and various capital items and Bought-out Items
• Forecast market trends and identify changes in pricing to optimize procurement decisions
• Good acumen on Project Based Purchases & Services, including site purchase
• Develop import strategies that prioritize quality, reduced lead times, and cost control
• Oversee the sheet metal fabrication process to ensure quality and adherence to specifications.

Vendor Management & Negotiation

• Lead vendor selection processes and build strategic partnerships with key suppliers
• Develop and implement effective negotiation strategies to secure the best possible terms for purchases
• Monitor vendor performance and manage relationships to ensure consistent quality and timely delivery.

Key Duties & Responsibilities

• Procurement Strategy
• Develop and implement effective procurement strategies to ensure timely acquisition of high-quality materials and components
• Identify and evaluate potential suppliers, negotiate contracts, and establish strong supplier relationships
• Have in-depth experience in having procured niche hard to find Electronic components and associated material
• Have significant knowledge in sources for supply within the country and abroad to provide seamless support to the urgent needs of the project teams and the production department

• Supplier Management
• Maintain a Database of qualified suppliers and continuously monitor their performance
• Build and maintain strong relationships with reliable vendors and suppliers, focusing on value engineering and cost reduction
• Establish and develop benchmarking standards for vendor performance and evaluate alternative parts for potential sourcing
  Conduct regular supplier audits to ensure compliance with quality standards and delivery schedules
• Manage vendor contracts, ensuring compliance with terms and conditions
  Constantly be on the lookout for more and more suppliers who will meet with the growing and urgent demands of the organization
• Good knowledge of Inland and Overseas Logistics with time & cost effectiveness
  

Process Improvement & Performance Management

• Continuously monitor and analyze purchasing data to identify areas for improvement
• Implement strategies to improve key functional metrics related to efficiency and cost-effectiveness
• Develop and maintain strong relationships with internal stakeholders, including engineering and production teams
• Ensure strong credit control practices while keeping pace with upcoming demand levels

Inventory Management

• Monitor inventory levels and coordinate with the Production and R&D teams to forecast demand
• Ensure optimal inventory levels to avoid shortages or excess stock.

Cost Management

• Negotiate pricing, terms, and conditions with suppliers to achieve cost savings while maintaining quality standards
• Monitor market trends and adjust procurement strategies to capitalize on cost-saving opportunities

Compliance and Documentation

• Ensure all procurement activities comply with company policies, industry regulations and the aerospace standards for which this company is certified for
• Maintain accurate records of purchases, contracts, and supplier performance.

Collaboration& Continuous Improvement

• Work closely with the R&D and production teams to understand project requirements and timelines
• Collaborate with finance and logistics teams to ensure smooth procurement and delivery processes
• Implement process improvements to enhance procurement efficiency and effectiveness
• Stay updated with industry trends and best practices to drive innovation in procurement processes.

Other Skills

• Can Easily grasp the modern methodology of Supply Chain Management
• Acceptance of new age changes and adaptation to new technique
• Churning out new ideas to enhance self-performance
• Strong knowledge of electronic components, materials and sources for Purchase
• Any certification of Materials Management
• Knowledge of industry-specific regulations and standard