SUMMARY OF FUNCTIONS / OBJECTIVE:
Procurement of all inventory, material supplies and capital goods which meet stated
standards at well negotiated price, delivery and credit terms. Evaluating vendors,
ensuring timely deliveries to production floor and maintaining inventory controls.
ESSENTIAL DUTIES & RESPONSIBILITIES:
Responsible for effective purchasing of inventory, supplies and capital goods
(moulds, dies, gages etc) as per stated standards (Domestic as well as import
purchases).
Sources new / alternate vendors when necessary. Approves vendors on basis of
(i) Past history method
(ii) Third party approval
(iii) Reference from customer / other vendor.
Responsible for evaluation / revaluation, assessment and selection of vendors
based on capabilities of production and distribution, performance and consistent
quality assurance. Visits to all vendors for inspection of products and services,
shop floor etc.
Maintains proper documentation of Vendor assessment forms, quality ratings and
other such records. Updates approved vendor list as per defined frequency.
Receives purchase requisitions, verifies them for accuracy and prepares
/processes purchase orders in ERP. Negotiates prices, delivery and credit terms,
procures material that confirms with specified requirements and maintains such
purchase records.
Ensures timely delivery of purchased items to avoid interruptions in the
production process. Ensures proper inventory control; evaluates inventory
reorder levels to determine economical purchasing of inventory and supplies.
The Quality assurance department highlights the quality related issues, rejections
in materials procured. The purchase department coordinates with vendors for
such issues and sorts them out.
Authorizes invoices against materials procured, instructs accounts department
regarding debit notes, part payments, advances to be issued.
Performs any other duties as may be necessary or assigned by the management
from time to time.
The marg