Job Summary
A Procurement Manager is responsible for managing the organization’s purchasing activities, supplier relationships, cost optimization, and procurement strategy to ensure timely availability of goods/services at the best value.
Key Responsibilities
- Develop and implement procurement strategies aligned with business goals.
- Manage end-to-end purchasing process including RFQ/RFP, vendor selection, negotiation, and purchase orders.
- Conduct supplier evaluation, price analysis, and cost benchmarking.
- Negotiate contracts, pricing, payment terms, and service agreements with vendors.
- Build and maintain strong supplier relationships for quality and delivery performance.
- Monitor inventory levels and coordinate with operations, finance, and supply chain teams.
- Ensure procurement compliance with company policies and legal requirements.
- Analyze spend data and identify cost-saving opportunities.
- Manage procurement budgets and reporting dashboards.
- Lead and mentor procurement/purchasing team members.
- Resolve supplier issues related to quality, delivery delays, or commercial disputes.
Required Skills & Qualifications
- Bachelor’s degree in Supply Chain, Business Administration, Finance, or related field.
- 1–5+ years of procurement/purchasing experience (industry dependent).
- Strong negotiation and contract management skills.
- Experience in vendor management and supplier development.
- Knowledge of sourcing strategies and market analysis.
- Proficiency in ERP systems like SAP, Oracle ERP, or procurement tools.
- Advanced skills in Microsoft Excel and reporting/analytics.
- Good understanding of cost analysis, price benchmarking, and inventory management.
KPIs / Performance Metrics
- Cost savings achieved
- Supplier on-time delivery rate
- Purchase price variance (PPV)
- Contract compliance rate
- Procurement cycle time
- Supplier quality score
Common Alternate Titles
- Sourcing Manager
- Strategic Procurement Manager
- Supply Chain Procurement Manager
- Purchasing Manager
Pay: ₹18,000.00 - ₹30,000.00 per month
Benefits:
Work Location: In person
