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Job Deliverables – Assistant Manager - Purchase 1. Sourcing and Supplier Management: Identify potential suppliers and conduct vendor evaluations: Research and shortlist suppliers that meet the company's requirements for quality, cost, and reliability. Perform thorough evaluations of suppliers based on their capability, performance history, and compliance with standards. Negotiate terms and conditions with suppliers to secure advantageous agreements: Engage in negotiations to ensure favorable pricing, delivery schedules, and terms. Develop contracts that clearly outline the terms and conditions of the supplier relationship. Establish and maintain strong relationships with suppliers to ensure on-time delivery and quality products: Build and nurture long-term partnerships with key suppliers. Regularly communicate with suppliers to monitor performance and address any issues. 2. Material Procurement: Review and analyze purchase requisitions: Examine requisitions to understand the technical specifications and requirements. Clarify any ambiguities with the requesting departments. Source materials, components, and equipment as per technical specifications: Identify suitable suppliers for the required materials. Ensure that all procured materials comply with the specified technical standards. Ensure the availability of materials to meet production schedules and project deadlines: Coordinate with suppliers to confirm delivery dates. Track orders to ensure timely delivery. 3. Cost Control: Evaluate supplier quotations and proposals to optimize costs: Analyze bids to ensure they meet the company's cost objectives without compromising quality. Recommend the most cost-effective solutions. Monitor market trends and industry developments to identify cost-saving opportunities: Stay informed about market fluctuations and new suppliers entering the market. Propose cost-saving initiatives based on market insights. 4. Quality Assurance: Collaborate with quality assurance teams to ensure that purchased materials meet quality standards: Work closely with QA teams to establish quality criteria for suppliers. Ensure that all purchased materials undergo rigorous quality checks. Address and resolve any quality issues with suppliers promptly: Act swiftly to address any non-conformities in supplied materials. Implement corrective actions and follow up with suppliers. 5. Documentation and Compliance: Maintain accurate records of procurement activities: Keep detailed records of all transactions, agreements, and supplier interactions. Use procurement software to manage records efficiently. Ensure compliance with company policies, industry regulations, and legal requirements: Stay updated on relevant regulations and standards. Ensure all procurement activities align with legal and company requirements. 6. Inventory Management: Manage inventory levels to minimize carrying costs while ensuring material availability: Monitor inventory levels and adjust procurement plans accordingly. Implement strategies to reduce excess inventory and obsolescence. Implement efficient inventory control strategies: Use inventory management techniques such as Just-In-Time (JIT) to optimize stock levels. Coordinate with production and warehouse teams for inventory planning. 7. Communication: Communicate effectively with internal departments to understand their procurement needs: Regularly liaise with departments to gather their procurement requirements. Ensure clear and concise communication to avoid misunderstandings. Keep stakeholders informed of procurement progress and potential issues: Provide regular updates on procurement status. Alert relevant parties to any potential disruptions or delays. An outcome to Drive. We are seeking a dynamic and motivated Assistant Manager - Purchase with an engineering qualification to join our procurement team. The ideal candidate will play a crucial role in sourcing and procuring materials and services essential for our operations. They will be responsible for ensuring timely procurement, cost-effectiveness, and maintaining high standards of quality and supplier relationships. Skills/Experience/Competencies you need to do the job. Bachelor's degree in engineering or a related field. Proven experience as a Purchase Engineer or in a similar procurement role. Strong negotiation and supplier management skills. Excellent analytical and problem-solving abilities. Proficient in Microsoft Office Suite and procurement software. Knowledge of industry regulations and quality standards. Effective communication and interpersonal skills. Detail-oriented with strong organizational skills. Ability to work well in a team and independently. Strong ethics and integrity in business dealings. Location: Mumbai