Job description
Job Description
We are seeking a highly skilled and experienced Purchase Manager to join our team in Visakhapatnam, India. As a Purchase Manager, you will play a crucial role in overseeing and optimizing our organization's procurement processes, ensuring cost-effectiveness, quality, and timely delivery of goods and services.
- Develop and implement purchasing strategies aligned with organizational goals and objectives
- Manage vendor relationships, negotiate contracts, and secure favorable terms
- Analyze market trends, pricing, and supply chain dynamics to make informed purchasing decisions
- Oversee the entire procurement process, from requisition to delivery
- Collaborate with cross-functional teams to understand and meet their purchasing needs
- Maintain accurate records of purchases, contracts, and vendor performance
- Ensure compliance with company policies, industry regulations, and ethical standards
- Identify and implement cost-saving opportunities without compromising quality
- Conduct regular performance evaluations of suppliers and vendors
- Manage and mentor the purchasing team, fostering a culture of continuous improvement
- Prepare and analyze purchasing reports for senior management
- Stay updated on industry trends and best practices in procurement
Qualifications
- Bachelor's degree in Business Administration, Supply Chain Management, or related field
- Minimum of 5 years of experience in purchasing or procurement, preferably in a managerial role
- Strong analytical and problem-solving skills with a detail-oriented approach
- Excellent communication and interpersonal skills to interact effectively with vendors and internal stakeholders
- Proficiency in procurement software, ERP systems, and advanced spreadsheet applications
- In-depth understanding of supply chain management principles and best practices
- Demonstrated ability to negotiate contracts and manage vendor relationships
- Experience in budget management and cost optimization
- Knowledge of industry regulations and compliance standards related to procurement
- Strong organizational skills with the ability to manage multiple projects simultaneously
- Proven track record of implementing process improvements and driving efficiency
- Experience in team leadership and mentoring
- Ability to work under pressure and meet deadlines in a fast-paced environment
- Willingness to travel occasionally for vendor meetings or industry events
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