Purchasing Manager

Krishna Jewellers Pearls and Gems Private Limited; Hyderabad; On-site; INR 900,000 - 1,700,000; Full time

Benefits offered by this job

Health Insurance

Provident Fund

Paid Leave

Yearly Bonus

Growth Opportunities

Direct interaction with management

Job summary

Krishna Jewellers Pearls & Gems Pvt. Ltd. in Hyderabad seeks an experienced Purchase Manager to oversee procurement of gold, diamond, silver, pearls, and jewellery products. The role emphasizes vendor management, price negotiation, and inventory control to ensure quality at competitive prices.

The ideal candidate has 6+ years in jewellery purchasing, strong product knowledge, and ERP & Excel skills to drive cost efficiencies and supplier performance across stores and online channels.

Qualifications

• Minimum 6 years in Jewellery Purchasing, Procurement, or Inventory Management.
• Bachelor's Degree in Commerce, Business Administration, Supply Chain Management, or a related field.
• Strong negotiation and vendor management skills with ERP & Excel proficiency.

Responsibilities

• End-to-end procurement of Gold, Diamond, Silver, Pearl, and Jewellery products.
• Source from approved vendors; ensure quality, pricing, and timely delivery.
• Negotiate product pricing, payment terms, and purchase agreements for cost efficiencies.
• Maintain vendor relationships and monitor performance; handle supplier development.

Skills

Procurement Management

Vendor Management

Price Negotiation

Product Sourcing

Market Analysis

Vendor Evaluation

ERP Systems

Excel Reporting

Inventory Management

Education

Commerce Degree

Supply Chain Education

Business Administration

Tools

ERP Software

Microsoft Excel

Job description

Job Title: Purchase Manager

Location: Hyderabad

Experience: 6 Years

Industry: Jewellery Retail (Gold, Diamond, Silver & Precious Stones)

About the Role

Krishna Jewellers Pearls & Gems Pvt. Ltd. is seeking an experienced and dynamic Purchase Manager to manage the procurement of Gold, Diamond, Silver, Pearls, and Jewellery products. The ideal candidate should possess strong jewellery product knowledge, vendor management expertise, negotiation skills, and inventory management capabilities to ensure the availability of quality products at competitive prices.

Key Skills Required

• Purchase & Procurement Management
• Vendor Development & Relationship Management
• Price Negotiation & Cost Control
• Product Pricing
• Product Sourcing
• Market Trend Analysis
• Vendor Evaluation & Performance Monitoring
• ERP & Inventory Management Systems
• Microsoft Excel & Reporting

Key Responsibilities

Purchase & Procurement

Manage end-to-end procurement of Gold, Diamond, Silver, Pearl, and Jewellery products. Source products from approved vendors while ensuring quality, pricing, and timely delivery. Identify new vendors and develop strong supplier relationships. Negotiate product pricing, payment terms, and purchase agreements to achieve cost efficiencies.

Vendor Management

Maintain and strengthen relationships with existing vendors and suppliers. Conduct vendor evaluations based on quality, pricing, service, and delivery performance. Coordinate with vendors for new product development and exclusive collections. Resolve vendor-related issues, discrepancies, and supply challenges.

Product & Market Analysis

Stay updated on jewellery market trends, gold and diamond rates, customer preferences, and competitor offerings. Recommend new product categories and collections based on market demand. Work closely with merchandising, sales, and operations teams to ensure product availability.

Reporting & Compliance

Prepare purchase reports, vendor performance reports, and procurement analysis. Ensure proper documentation of purchase orders, invoices, and vendor agreements. Maintain compliance with company policies and procurement procedures.

Preferred Candidate Profile

• Minimum 6 years of experience in Jewellery Purchasing, Procurement, or Inventory Management.
• Bachelor's Degree in Commerce, Business Administration, Supply Chain Management, or a related field
• Preferable Strong understanding of Gold, Diamond, Silver, Pearl, and Precious Stone products.
• Excellent negotiation and vendor management skills.
• Experience handling large vendor networks and inventory planning.
• Strong analytical, communication, and decision-making abilities.
• Proficiency in ERP systems and Microsoft Excel.

Reporting To

Managing Director

Key Performance Indicators (KPIs)

• Purchase Cost Optimization
• Inventory Accuracy & Availability
• Vendor Performance & Compliance
• Timely Procurement & Deliveries
• Stock Turnover Efficiency
• Product Availability Across Stores
• Margin Improvement Through Effective Negotiation

Benefits

• Health Insurance
• Career Growth Opportunities
• Provident Fund.
• Paid Leave.
• Daily Snack.
• Yearly Bonus.
• Direct interaction with management and key vendors.
• Growth-oriented environment with long-term career opportunities.
• Opportunity to work with a leading jewellery retail organization.
• A supportive and friendly work environment .