Key Responsibilities
Strategic Procurement
- Develop and execute procurement strategies aligned with production and business plans.
- Source raw materials fabricated components electrical items and engineering consumables.
- Identify evaluate and onboard new suppliers.
- Build long-term strategic supplier relationships.
- Lead supplier negotiations for pricing delivery payment terms and commercial agreements.
- Develop standardize and implement procurement processes to improve efficiency accountability and consistency across the Purchase function.
- Create and maintain Standard Operating Procedures (SOPs) for all procurement activities and ensure adherence by the team.
Purchase Planning
- Prepare procurement plans based on production schedules and sales forecasts.
- Ensure uninterrupted availability of materials for manufacturing.
- Monitor procurement lead times and proactively mitigate supply risks.
- Coordinate closely with Production Planning Stores Design and Quality team
- Develop alternate suppliers to reduce dependency on single vendors.
- Conduct supplier capability assessments.
- Monitor supplier performance through KPIs such as quality cost and on-time delivery.
Cost Optimization
- Identify opportunities for cost reduction and value engineering.
- Negotiate annual rate contracts where applicable.
- Optimize procurement costs without compromising quality.
- Track market trends and raw material price movements.
Inventory Management
- Coordinate with Stores to maintain optimum inventory levels.
- Reduce excess inventory and prevent stock-outs.
- Monitor slow-moving and obsolete inventory
Cross-Functional Co-ordination
- Work closely with Production design quality stores finance & sales team
- Resolve procurement-related issues affecting production schedules.
- Conduct weekly review meetings with the Purchase team and key stakeholders to identify procurement challenges resolve bottlenecks
- and drive continuous process improvements.
ERP and documentation
- Ensure accurate purchase documentation and ERP updates.
- Monitor Purchase Orders from creation to closure.
- Maintain procurement records and supplier documentation.
- Generate procurement MIS reports for management
- Guide and mentor Junior Purchase Executives.
- Delegate routine procurement activities.
- Monitor procurement timelines and team performance.
- Develop succession within the Purchase Department.
Managing Import PO
- Import Documentation & GIN/GRN
- Handling end to end process of imports including but not limited to coordinating with the overseas manufacturer / OEM coordinating with CHA getting the goods custom cleared etc.
Compliance
- Ensure compliance with company procurement policies.
- Ensure proper documentation for statutory and quality audits.
Qualification & Experience
- B.E in mechanical/Electrical engineering
- 6 years plus in Manufacturing unit
- preferably in electrical/electronic products.
- Knowledge of Procurement processes.
- Familiarity with ERP systems (SAP MM Oracle Tally etc.).
- Team handling and leadership skills.
Company: Peace Power Pvt. Ltd.
Reporting to: Chief Operating Officer/Director
Function: Operations
Company: Peace Power Pvt Ltd
Website: www.peacepower.in
E: hr@peacepower.in
M: +91 8655583843.
Education Qualification
Diploma/B.E./Electrical/Mechanical
Department
Procurement
Industry Type
Manufacturing/Engineering
For any queries, contact us at hr@peacepower.in