The Purchase Manager is responsible for sourcing, negotiating, and purchasing raw materials, components, machinery, and services required for manufacturing operations. The goal is to ensure timely availability of quality materials at the best possible cost.
Key Responsibilities
1. Procurement Planning
- Analyze production schedules to determine material requirements
- Develop purchasing strategies aligned with company goals
- Forecast demand to avoid shortages or overstocking
2. Vendor Management
- Identify, evaluate, and select reliable suppliers
- Maintain strong relationships with existing vendors
- Conduct supplier performance reviews
3. Negotiation & Cost Control
- Negotiate prices, terms, and contracts with suppliers
- Ensure cost-effective purchasing without compromising quality
- Track market trends to optimize buying decisions
4. Purchase Operations
- Issue purchase orders and ensure timely delivery
- Monitor order status and resolve delays or issues
- Ensure proper documentation and record-keeping
5. Quality Assurance
- Coordinate with quality and production teams
- Ensure materials meet required specifications and standards
- Handle returns or replacements of defective goods
- 6. Inventory Coordination
- Work closely with warehouse and inventory teams
7. Compliance & Reporting
- Ensure procurement complies with company policies and regulations
- Prepare reports on purchasing activities, cost savings, and supplier performance
- Maintain audit-ready records
- Maintain optimal stock levels
- Reduce excess inventory and minimize wastage
7. Software & Skills
- Good Knowledge of Tally EPR software
- Excellent command on Excel