- Identifying the need to purchase products.
- Designing of purchasing strategies
- Working well with the suppliers, manufacturers as well as within the departments
- Valuable planning and implementation of the purchasing strategies
- Handling New Vendor Development, NPI, managing existing vendors, Sourcing & evaluation.
- Handle complete Purchase Department with Price Control on the complete input materials including Assets & Utilities etc.
- Plan effective cost control methods to check the input costs as well as inflations. Negotiate technical as well as commercial terms with New as well as existing vendors as per company norms.
- Monitor & Plan quarterly, monthly & weekly purchase plans.
- Building and maintaining good relations with the suppliers
- Maintenance of a database
- Negotiating the prices from the sellers and vendors
- Overseeing the training of the new staff
- The recruitment and hiring process of the new recruits is also under the purchasing managers .
- New Vendor Development, Sourcing & evaluation.
- Must have knowledge of different vendors along with the latest industry trends.
- Identification of potential suppliers of the industry.
- Comparison & evaluation of terms from different suppliers.
- Manage the existing vendor base along with price control.
- Negotiation with different category of vendors (existing & new) for comparative pricing & other commercial terms.
- Negotiating commercial terms with existing suppliers as per quarterly budget.
- Define major procurement articles & plan effective measures for controlling costs as well as inflation.
- Daily/Weekly Monitoring of material Inventory.
- Weekly monitoring of Scheduling of material Deliveries and tracking the schedule adherence by suppliers.
- Ensuring optimal inventory levels across all locations.
- Coordinating with different departments like supply chain, QC, receiving teams etc. to monitor the quality & quality of products delivered.
- Control inventory as per the SOP & manage the same according to the targeted level.