Purchasing Manager

Kindly note that, "Purchase Role Experience in Transformer Industry' a must need to shortlist the candidature. Purchase Manager, play a crucial role in the procurement process of goods and services necessary for our operations. The primary responsibilities will include:Strategic Sourcing:Develop and implement strategic sourcing strategies to ensure cost-effective procurement of goods and services.Identify potential suppliers, conduct supplier evaluations, and negotiate contracts to secure favorable terms and pricing.Supplier Management:Build and maintain strong relationships with suppliers to ensure timely delivery of quality products/services.Evaluate supplier performance, address any issues or concerns, and implement corrective actions as necessary.Continuously monitor market trends, supplier capabilities, and industry developments to identify opportunities for improvement and innovation.Inventory Management:Collaborate with inventory and warehouse teams to optimize inventory levels and minimize stockouts.Forecast demand, analyze usage patterns, and develop inventory strategies to meet operational needs while minimizing carrying costs.Cost Control:Analyze procurement data to identify cost-saving opportunities and implement cost reduction initiatives without compromising quality or service levels.Monitor and control procurement budgets to ensure adherence to financial targets.Compliance and Risk Management:Ensure compliance with company policies, procedures, and regulatory requirements throughout the procurement process.Identify and mitigate procurement-related risks, such as supply chain disruptions, quality issues, and geopolitical factors.Team Leadership:Lead and mentor a team of procurement professionals, providing guidance, support, and professional development opportunities.Foster a collaborative and results-oriented work environment that promotes innovation, accountability, and continuous improvement.QUALIFICATIONS, SKILLS, ABILITIESBachelor Engineering Degree (BE/B.Tech) in Electrical or Mechanical or equivalent degree.PGDBM , Masters in Engineering or Business Administration is preferable.An MBA or a master's in supply chain management can be advantageous.Industry Experience: At least 15 years of experience in procurement or supply chain management, preferably in the electrical or manufacturing sector.Technical Knowledge: Understanding of transformer components, manufacturing processes, and industry standards.Vendor Management: Experience in negotiating contracts, managing vendor relationships, and ensuring supply chain reliability.Cost Management: Demonstrated ability to manage budgets, optimize costs, and implement cost-saving measures.Project Management: Experience in handling large-scale procurement projects and coordinating with multiple departments.Key Skills and CompetenciesAnalytical Skills: Ability to analyze market trends, supplier performance, and procurement data to make informed decisions.Negotiation Skills: Proficient in negotiating prices, contracts, and delivery terms with suppliers.Communication Skills: Strong verbal and written communication skills for effective collaboration with internal teams and external suppliers.Problem-Solving Skills: Ability to address and resolve procurement-related issues efficiently.Technical Proficiency: Familiarity with procurement software and Enterprise Resource Planning (ERP) systems.Regulatory Knowledge: Understanding of industry regulations, quality standards, and compliance requirements. PRB