Job Description

Procurement Planning & Strategy

? Plan procurement requirements based on production forecasts and material consumption.

? Develop and implement procurement strategies including vendor rationalisation, cost reduction, alternative sourcing.

? Define lead times, reorder levels, safety stock levels.

Vendor / Supplier Management

? Identify, evaluate, and qualify vendors; maintain a supplier database.

? Undertake supplier audits / quality evaluation.

? Negotiate contracts, terms, and rates (price, payment, delivery).

? Monitor supplier performance (delivery time, quality, cost, compliance).

Purchase Order Processing & Transactional Work

? Raise purchase requisitions, prepare RFQs (Request for Quotations), compare quotes.

? Issue Purchase Orders (POs), ensure that specifications, delivery, and payment terms are correct.

? Track and follow up on POs; ensure timely delivery.

? Coordinate with stores, quality, production, and logistics for receipt, inspection, and acceptance.

Cost Control & Budgeting

? Monitor purchase costs; look for cost savings, bulk discounts, or alternate suppliers.

? Manage budgets related to procurement; ensure spending is within allocated limits.

? Perform spend analysis; identify areas of waste or over-spending.

Quality & Compliance

? Ensure procured materials meet technical and quality specifications (e.g. IS / IEC / ISO / IATF standards).

? Collaborate with Quality Control to reject / return substandard supplies.

? Maintain documentation, ensure compliance with company policies, safety, regulatory, audit requirements.

Inventory & Material Management

? Coordinate with Stores / Warehouse to manage stock levels, minimize stockouts or excessive inventory.

? Forecast material needs; plan for buffer stock.

? Handle obsolete stock / scrap material disposal if required.

Cross-functional Coordination

? Work with Production, Engineering, Quality, Stores, Logistics departments to ensure requirements are understood and met.

? Support New Product Introduction (NPI) or design changes - ensure materials / components are procured to new specs.

Reporting & Metrics

? Maintain reports on PO status, supplier performance, lead times, cost savings, inventory metrics.

? Provide regular updates to management; identify risks (delays, quality issues, price fluctuations) and propose mitigation.

Process Improvement

? Suggest and implement process improvements in procurement workflows.

? Stay updated on market trends and new materials / supplier options.

Exp: 3+ Years

Job Type: Full-time

Pay: ₹25,000.00 - ₹58,000.00 per month

Work Location: In person