The Purchase Manager oversees procurement activities, develops procurement strategies, manages vendor relationships, ensures compliance, and maintains inventory control to meet operational needs.
The Purchase Manager is responsible for overseeing the procurement of goods and services essential to the company’s operations. This role ensures that materials and products are sourced efficiently, cost-effectively, and in alignment with quality and compliance standards. The Purchase Manager develops and maintains strong relationships with suppliers, negotiates contracts, monitors inventory levels, and works closely with internal departments to meet business needs while optimizing costs and timelines.
- Development and implementation of key procurement strategies and ensure that plans are aligned with production / project requirement.
- Prepare yearly budget and analyze monthly purchase and variance report.
- Take initiatives towards aggressive price negotiations with the vendors & identify the most suited vendor with a proper price-quality balance.
- Vetting of necessary commercial documents. Handle complete commercial documentation for imports compliance with statutory regulations.
- Ensure adherence to quality standards & quality system management & maintain all related documents.
- Update the product knowledge with regards to the latest trends in the industry.
- To ensure steady & timely supply of materials at competitive rates and exercise optimum inventory control.
- Develop a cost effective vendor data base critical for effective supply of required goods and materials.
- Analyze market and delivery systems in order to assess present and future material availability.
- Handle all stores related activities, formalities and monthly stocktaking.
- Verify the requirements from the Projects and other departments and plan the procurement of materials for on time delivery.
- Recognize Taxation / Commercial and other Terms critical for procurement of materials at feasible rates and terms.
- Direct and coordinate activities of personnel engaged in buying, selling, and distributing materials, equipment and supplies.
- Validate invoices as per agreed terms and resolve any invoicing / payment issues
Develop and implement purchase and contract management instructions, policies, and procedures. - Handle all the audits of the hotels in regard to the materials department & resolve the queries with the auditors in terms of process and documentation.
- Obtain feedback from auditors for better understanding the points raised by them.
- Plan and organize the process of Advertisement in the local newspapers for Annual Tenders.
Top Skills
Commercial Documentation
Inventory Control
Market Analysis
Procurement Strategies
Quality System Management
Vendor Management
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What you need to know about the Mumbai Tech Scene
From haggling for the best price at Chor Bazaar to the bustle of Crawford Market, the energy of Mumbai's traditional markets is a key part of the city's charm. And while these markets will always have their place, the city also boasts a thriving e-commerce scene, ranking among the largest in the region. Driven by online sales in everything from snacks to licensed sports merchandise to children's apparel, the local industry is worth billions, with companies actively recruiting to meet the demands of continued growth.
