| MAIN PURPOSE OF THE JOB: | To procure raw materials, consumables, equipment, inward logistics & other services as per desired quality, timeline, and at competitive cost, and manage the purchase team. |
KEY ACCOUNTABILITIES:
| KEY RESULTS: 1. Timely Receipt of quotations for new requirements from vendors. 2. Competitive Cost 3. All Material procured as per quality plan. 4. Team Skill Development. 5. New Vendor Development. 6. New Product Development. 7. Reduction in Inventory Holding Cost. 8. Reduction in Dead Stock. KEY ACTIVITIES: 1. To prepare indent for ordering raw material as per OC / BOM / IMS / Material Shortage List / Store Indent. 2.Prepare and manage approved vendor list and keep update on SAP. 3. Manage Vendor Development Program – Continuously identify new vendors, new products, new service providers, services, transporters etc. and explore online sources for finding vendors. 4. To continuously monitor stock levels and ensure that production is not hampered. 5. To check drawings, designs, technical checklists, customer specifications, GTP’s. 6. To review quotations by preparing comparative sheet, negotiate and get final approval from the Director Purchase. 7. To ensure the Master Landed Cost of Items is prepared on monthly basis. 8. Timely monitoring of vendor invoices and payment thereof. 9. Regular visits to vendors’ works for getting feedback on timely delivery and product quality and new developments in the products. 10. To review annual AMC of plant & machinery and other equipment. 11. Identify training needs of team and inform HR department for updating training calendar and execution. 12. To give monthly review presentation of Purchase Department performance to Director Purchase. 13. To attend cross-functional meetings with other departments. 14. To ensure all work instructions and SOPs are followed. 15. To explore new technologies and processes. 16. To ensure closure of corrections for Raw Material NC. 17.To ensure Horizontal deployment of Vision, Mission, Competencies and Values with Vendors. 18. To develop a reward and penalty system to be applicable for all Vendor Contracts / Orders. 19. To develop Master Terms and Conditions Contract for all Vendors. 20. To reduce purchase cost and increase credit period available from suppliers. 21. To reduce inward freight cost. 22. To identify vendors for timely scrap disposal and cost-effective value realization. 23. To manage dead stock identification and liquidation on a monthly basis. 24. To develop and manage a system for reduction of Inventory Holding Cost. 25. To discuss any issue related to material non-conformity with suppliers as and when required. 26. All SOPs & WIs should be reviewed & updated on a periodic basis. |
| EXPERIENCE & QUALIFICATIONS: | Qualification (Must/Desirable): Bachelor’s or Master’s in Commerce stream. Experience: Min. 8 years’ experience in the Purchase Department of a Manufacturing Unit of an engineering product. |
| SPECIAL SKILLS: | -Computer Skills – ERP, Google. -Negotiation Skills -Management Skills -Attention to Detail -Team Management -Excellent Communication Skills -Analytical Skills -Public Relations Skills -Legal know-how to understand contracts -Curiosity (Eye for New products and technology). |
