We are seeking a Senior Purchase Executive to join our team in Kandivali West, specializing in manufacturing procurement. This role is pivotal in managing the strategic procurement for our pump-component manufacturing business, which includes engineering polymers, stainless steel, and other metals.
The Senior Purchase
Executive will own the full spend strategy, ensuring effective vendor management and cost control across various categories.
Key Responsibilities
- Develop and own category strategies for engineering polymers, stainless steel, and other critical materials.
- Negotiate and manage annual rate contracts, ensuring price-revision mechanisms are in place and tracking raw-material indices for informed buying decisions.
- Identify, qualify, and develop alternate suppliers to mitigate risks associated with single-source items.
- Collaborate with the engineering team to evaluate alternate materials and assess import versus domestic sourcing options.
- Lead cost-reduction initiatives across the spend base, including indirect categories such as energy sourcing and freight management, with savings tracked against a baseline.
- Utilize vendor performance data to inform negotiations and conduct vendor reviews.
- Establish purchase policies and authority matrices to guide plant purchase teams in executing procurement activities.
Required Skills
- A minimum of 10 years of experience in manufacturing procurement with a strong background in strategic sourcing.
- Proven track record of managing multi-category spend, particularly in polymers and metals, along with indirect categories.
- Experience in negotiating annual contracts with large suppliers and delivering documented savings.
- Background in the plastics/polymer processing industry is strongly preferred, with experience in auto-component tier-1 procurement considered an excellent fit.
- Proficiency in ERP-based procurement systems is essential. This role offers a competitive salary package ranging from 8 to 10 LPA, along with opportunities for professional growth and development within a dynamic team workplace.