JOB DESCRIPTION – SENIOR MANAGER – COMMERCIALS
Department: Central Purchase
Location: CORP PSY
Reporting:
· AGM - Operations
· VP Business Operations
Position Overview:
The Senior Manager - Commercial (Central Procurement) is responsible for overseeing the procurement function, including purchase order management, vendor relations, and warehouse operations. This role ensures that all procurement processes, from sourcing and vendor development to purchase order creation and payment follow-up, are executed effectively. The Senior Manager will use SAP to streamline the entire procurement lifecycle, ensuring the timely delivery of materials, cost optimization, and process compliance.
Key Responsibilities:
1. Procurement Strategy & Sourcing:
· Lead strategic sourcing efforts to identify new suppliers and negotiate favorable terms.
· Oversee vendor development for both new and existing suppliers to ensure quality, cost-efficiency, and reliable delivery.
· Work with the purchase operations team to ensure that the procurement function supports business goals and operational needs.
2. Purchase Order & SAP Process Management:
· Ensure all Purchase Orders (POs) are processed accurately and in a timely manner using SAP MM / Purchase Module.
· Collaborate with the Warehouse and Finance teams to ensure proper handling of Goods Receipts (GRN), invoice matching, and payment processing.
· Manage PO tracking and follow up with suppliers to ensure delivery schedules are met.
3. Vendor Management:
· Identify, evaluate, and onboard suppliers for indirect materials (packaging, consumables, furniture, IT, maintenance supplies, etc.).
· Negotiate pricing, payment terms, delivery schedules, and quality standards with suppliers.
· Ensure vendor compliance with agreed terms and monitor vendor performance using SAP-based KPIs.
· Concentrate on vendor rationalization
4. Cost Optimization & Budget Adherence:
· Implement cost-saving strategies through effective supplier negotiation and alternative sourcing.
· Conduct cost analysis and benchmarking to ensure competitive pricing.
· Ensure procurement activities align with company budget, optimizing expenses while meeting operational requirements.
5. Warehouse Coordination & Inventory Management:
· Collaborate with Warehouse and Logistics teams to ensure timely and accurate receipt of goods.
· Oversee inventory management and ROL monitoring to avoid stockouts or overstocking.
· Ensure warehouse operations are optimized, and materials are correctly stored and available when needed.
6. Cross-Functional Collaboration:
· Act as a liaison between procurement, finance, operations, and other departments to align procurement with company goals.
· Work closely with the IT team to manage SAP implementation and integration for better procurement tracking.
· Provide procurement support for new showroom projects and marketing campaigns.
7. SAP System Management:
· Oversee the SAP workflows, including PR/PO creation, pricing updates, vendor management, and GRN coordination.
· Ensure system compliance by regularly auditing data accuracy, material codes, and vendor master data.
· Generate MIS reports in SAP to track procurement activities, vendor performance, and cost savings.
8. Process Improvement & Compliance:
· Develop and enforce SOPs for procurement processes, including PR review, vendor selection, PO creation, and payment follow-up.
· Implement process improvements to enhance operational efficiency and reduce procurement cycle time.
· Ensure compliance with company policies, statutory requirements, and audit standards.
Key Performance Indicators (KPIs):
· Timely and accurate purchase order processing.
· Supplier on-time delivery and performance.
· Cost savings achieved through negotiation and vendor optimization.
· Inventory availability and ROL management.
· SAP compliance and data accuracy.
· Successful vendor relationship management and performance reviews.
Skills & Competencies:
· Strong negotiation, vendor management, and cost control skills.
· Excellent leadership, communication, and problem-solving abilities.
· Ability to manage cross-functional teams and multi-location procurement operations.
· In-depth understanding of compliance, documentation, and audit procedures.
· Strong experience with SAP MM / Purchase Module, specifically handling PO creation, vendor management, and invoice verification.
· Proficiency in Microsoft Excel and data analysis for tracking and reporting.
Qualification & Experience :
· Graduate in any discipline; MBA in Supply Chain/Procurement preferred.
· 10 – 12 years of experience in commercial procurement of indirect materials, preferably in jewellery retail or large retail chains or manufacturing.
· Strong experience with SAP MM / Purchase Module, specifically handling PO creation, vendor management, and invoice verification.
Job Types: Full-time, Permanent
Pay: ₹50,000.00 - ₹80,000.00 per month
Benefits:
- Health insurance
- Provident Fund
Work Location: In person
