Manager - Purchase ( Procurement, Stores & Inventory )

Lead Hr Services; Chennai District; On-site; INR 2,500,000 - 4,200,000; Full time

Job summary

Lead Hr Services is seeking a Manager - Purchase in India to oversee procurement, supplier selection, and contract management for manufacturing operations. You will plan and implement procurement strategies, negotiate terms, and ensure timely delivery while minimizing inventory costs.

You will also manage stores and inventory, monitor supplier performance, and lead a team to drive continuous improvements in procurement processes, with a focus on quality, cost, and compliance.

Qualifications

• B.E./M.E in Mechanical engineering required.
• Age 35–40.
• Relevant certifications in Supply Chain Management required.

Responsibilities

• Plan, coordinate and direct procurement strategies.
• Source and evaluate suppliers for quality, cost and delivery.
• Negotiate contracts to achieve favorable terms.
• Manage supplier relationships and performance.
• Coordinate documentation for local/import of materials.
• Oversee procurement budget and cost savings targets.
• Ensure regulatory compliance and risk mitigation.

Skills

Communication Skills

Interpersonal Skills

Negotiation Skills

Organizational Skills

Relationship Management

Analytical Thinking

Problem Solving

Decision Making

Result Oriented

Project Management

Business Acumen

Customer Centricity

Education

B.E / M.E Mechanical

Age 35 to 40

Relevant certifications in Supply Chain Management

Job description

JOB DESCRIPT ION

Manager - Purchase

Responsible for planning, coordinating, directing Identifying suitable suppliers for procuring materials and services to meet the requirements while ensuring that there is enough stock available to meet clients demand while minimizing inventory costs.

Procurement and Contract Management

• Develop and implement procurement strategies and policies in line with the organization's objectives.
• Source and evaluate suppliers to ensure they meet the organization's requirements for quality, cost, and delivery.
• Negotiate contracts with suppliers to achieve the best possible terms, conditions, and price reductions.
• Develop and manage supplier relationships to ensure the quality of goods, services, and timely delivery.
• Monitor supplier performance, and compliance with contract terms and conditions and resolve disputes.
• Ensure the supplier is in compliance with all the applicable laws and regulations.
• Identify and assess risks associated with procurement and contract management, including legal, financial, and reputational risks and implement risk mitigation strategies, including contingency plans and insurance policies.
• Oversee all the documentation work required for local/import of tools, dies, direct materials, indirect materials, consumables, and/or services.
• Manage the procurement budget and ensure cost savings targets are met.
• Maintain accurate records of procurement activities and provide reports to the top management periodically.
• Coordinate with internal stakeholders to ensure their procurement needs are met.

Stores & Inventory Management

• Keep track of the inventory levels for tools, dies, direct materials, indirect materials, and consumables and ensure that they are adequate to meet customer demand while minimizing waste.
• Determine when to reorder products, how much to order, and from whom to order.
• Ensure that materials are stocked and displayed appropriately and that they are easily accessible.
• Keep accurate records of inventory levels and report to the top management as and when needed.

Team Management

• Enable team members to perform better by providing timely feedback, conducting structured performance development reviews and setting clear KRAs & KPIs, and providing inputs for better performance & development.
• Coach and build the competence of the team and inspire them to raise the bar for continuous improvement.
• Suggest continuous improvements to ensure the proper functioning of the department.

Knowledge, Skills, and Experience

Acceptable proficiency/threshold education, qualifications, training, and experience are necessary to enable the jobholder to perform the job fully and effectively.

Educational qualifications (Threshold educational background required to execute the role)

• B.E / M.E Mechanical
• Age: 35 to 40
• Relevant certifications in Supply Chain Management

Relevant experience (Type/ Nature and years of relevant experience required to execute the role)

• 10 - 17 years of relevant experience in purchase.
• Must have experience in the automobile manufacturing industry
• Experience in strategic purchasing with relation to QDDC performance, expansion & business planning

Threshold skills and capabilities required to execute the role

Knowledge

• Customer relationship management
• Forecasting and Budgeting
• Supply market and supplier capabilities
• Sourcing strategies
• Procurement processes and systems
• Inventory and supply chain management
• Industry standards and regulations
• Project management methodologies
• New projects QDDC management
• Technical specification of the product

Skill

• Communication Skills
• Interpersonal Skills
• Negotiation Skills
• Organizational Skills
• Relationship Management
• Analytical Thinking
• Problem Solving
• Decision Making
• Result Oriented
• Project Management
• Business Acumen
• Customer Centricity