The Purchase Manager will be responsible for developing and executing procurement strategies to source raw materials, components, machinery parts, and services needed for the manufacturing process. This role ensures cost-effective purchasing, quality compliance, vendor relationship management, and timely supply to meet production goals.
Key Responsibilities:
Strategic Procurement:
- Develop and implement procurement strategies aligned with the company’s manufacturing goals.
- Analyze market trends and forecasts to negotiate better pricing and contract terms.
- Identify cost-saving opportunities without compromising quality.
Vendor Management:
- Identify, evaluate, and onboard reliable suppliers for raw materials, components, and machinery.
- Build and maintain strong relationships with key suppliers.
- Monitor vendor performance and resolve any issues related to quality, delivery, or compliance.
- Conduct regular vendor audits to ensure adherence to company standards.
Operational Procurement:
- Plan and forecast material requirements in collaboration with production and planning teams.
- Raise purchase orders and ensure timely delivery of materials.
- Maintain optimal inventory levels to support production schedules.
- Monitor and ensure adherence to procurement budgets.
Quality and Compliance:
- Ensure purchased materials and components meet required specifications and industry standards.
- Coordinate with the quality assurance team for inspections and quality approvals.
- Ensure compliance with legal, regulatory, and environmental requirements.
Cost Control:
- Negotiate contracts, terms, and pricing to achieve cost-effective procurement.
- Minimize procurement costs through productive sourcing strategies.
- Track and report procurement KPIs, including cost savings and supplier performance.
Qualifications and Experience:
- Bachelor’s degree in Mechanical/Production/Industrial Engineering or related field.
- MBA in Supply Chain