Purchases Manager

Altraize; Chennai District; On-site; INR 1,400,000 - 2,200,000; Full time

Job summary

Altraize is seeking a Purchase Manager to oversee raw material procurement, cost optimization, and supplier consolidation for its plastic manufacturing operations in India. The role emphasizes timely procurement, inventory control, and LEAN procurement initiatives to drive efficiencies.

The ideal candidate has 8–15 years of procurement experience, with strong negotiation and market research skills, and a track record of delivering cost savings across RM, packaging, and consumables.

Qualifications

• Bachelor's/Master’s degree in Supply Chain Management, Procurement, or related field.
• 8–15 years of procurement experience, preferably in plastics manufacturing.
• Proven track record in cost-saving and supplier consolidation.

Responsibilities

• Manage raw material procurement to meet budget and timelines.
• Define and maintain Min-Max inventory norms across plants.
• Drive cost savings through market sourcing, supplier consolidation, and negotiations.
• Monitor packaging, RM, and consumables costs within budget.
• Lead LEAN procurement initiatives and data-driven improvements.
• Provide market intelligence on raw material price trends.

Skills

Procurement strategy

Supplier negotiations

Cost optimization

Inventory management

Budgeting & controls

Market research & pricing

LEAN procurement

Data-driven decisions

Negotiation skills

Education

Bachelor's/Master’s in Supply Chain/Procurement

Job description

• Supplier consolidation & rationalization (RM, packaging, transport, consumables).

Job Summary

We are looking for a Purchase Manager to manage raw material procurement, cost optimization, and supplier consolidation in the Plastic manufacturing industry. The ideal candidate will be responsible for ensuring timely procurement, cost savings, and maintaining inventory norms while driving LEAN procurement initiatives.

Key Responsibilities

• Procurement & Inventory Management:
• Ensure raw material procurement as per budget and on time, preventing excess stock or stockouts.
• Define and maintain inventory norms with Min-Max levels for all plants to optimise material flow.
• Cost Optimization & Supplier Management:
• Achieve cost savings as per budget through better market buying strategies, including:
• Alternative sourcing (new suppliers, countries, trade agreements).
• Alternative materials (near prime, direct sourcing, price negotiation).
• Turnover discounts & year-on-year cost reductions.
• Supplier consolidation & rationalisation (RM, packaging, transport, consumables).
• Budget Control & Expense Monitoring:
• Ensure Capex control as per budget.
• Monitor and control packing & consumables expenses as per budget.
• Maintain repair & maintenance expenses within budget.
• Market Intelligence & Reporting:
• Monitor and report raw material price trends against external material boards for informed decision-making.
• LEAN Procurement & Data-Driven Initiatives:
• Lead UDAAN - LEAN PROCUREMENT Project, ensuring Plan vs Actual performance tracking for continuous improvement.

Key Skills & Competencies

• Strong expertise in procurement strategies, supplier negotiations, and cost optimisation.
• Knowledge of inventory management, budgeting, and financial controls.
• Proficiency in market research, sourcing strategies, and price trend analysis.
• Experience in LEAN procurement methodologies and data-based decision-making.
• Excellent problem-solving, analytical, and negotiation skills.

Qualifications & Experience

• Bachelor's/Master’s degree in Supply Chain Management, Procurement, or a related field.
• Minimum 8 to 15 years of experience in procurement, preferably in the Plastic manufacturing industry.
• Proven track record in cost-saving initiatives, supplier consolidation, and inventory optimisation.

Skills: management,procurement,sourcing