Position Overview

The Procurement Manager is responsible for managing end-to-end procurement activities, ensuring timely, cost-effective, and quality purchase of goods and services. The role focuses on vendor management, strategic sourcing, cost optimization, and maintaining compliance with company policies and standards.

Key Responsibilities1. Vendor Management & Development

- Source and onboard recent vendors for indirect materials
- Evaluate vendor performance (quality, cost, delivery)
- Build and maintain long-term vendor relationships
- Implement and monitor vendor rating systems

2. Contract Negotiation

- Negotiate pricing, payment terms, and delivery schedules
- Ensure contracts are legally compliant and properly executed

3. Vendor Risk Management

- Identify supplier risks (price fluctuation, supply disruption)
- Develop contingency plans for critical vendors

4. Cost Optimization & Budget Management

- Implement cost-saving strategies
- Monitor procurement spend vs budget
- Analyze market trends for better pricing opportunities

5. Compliance & Documentation

- Ensure adherence to company policies and regulations
- Maintain procurement records (POs, GRNs, contracts)
- Support audit compliance and documentation

6. Cross-Functional Coordination

- Collaborate with finance, operations, and other departments
- Ensure timely procurement aligned with business needs




- Provide procurement reports to management

7. Vendor Relationship Management

- Monitor supplier KPIs (quality, delivery, cost)
- Resolve vendor-related issues proactively
- Ensure vendor compliance with agreements

8. Process Improvement

- Identify and implement procurement process improvements
- Stay updated with industry trends and technologies

Key Performance Indicators (KPIs)

- Supplier performance & on-time delivery
- Cost savings achieved
- Inventory turnover
- Budget adherence

Skills & Competencies

- Strong negotiation and vendor management skills
- Excellent communication and interpersonal skills
- Analytical and problem-solving ability
- Proficiency in SAP/ERP systems
- Advanced Excel and reporting skills

Qualification & Experience

- Graduate in any discipline (MBA preferred in Supply Chain/Procurement)
- 8–12 years of procurement experience
- Experience in indirect materials procurement
- Preferred experience in jewellery retail / large retail / manufacturing
- Strong hands-on SAP experience

Job Types: Full-time, Permanent

Pay: ₹40,000.00 - ₹80,000.00 per month

Benefits:

- Health insurance
- Provident Fund

Experience:

- Purchasing: 5 years (Required)

Location:

- Madurai, Tamil Nadu (Required)

Willingness to travel:

- 50% (Required)

Work Location: In person

📌 Purchase Operation Manager (Madurai)
🏢 Thangamayil Jewellery
📍 Madurai