Procurement Manager

Kuala, India

India

LOCATION
Kochi, Kerala
WORK LOCATION TYPE On-site
DATE POSTED 2025-10-08
CATEGORY Purchase

Responsibility & Authority

Developing and implementing procurement strategies to meet the company's needs and achieve cost reductions while maintaining quality standards.
Lead and manage a team of purchasing professionals, providing guidance and support to ensure the smooth operation of the department.
Collaborate with cross-functional teams to understand their procurement requirements and assist in developing and implementing sourcing strategies.
Identify potential suppliers, evaluate their capabilities, negotiate contracts, and establish long-term relationships to optimize the company's procurement process.
Ensure compliance with procurement policies, procedures, and industry regulations, and provide guidance to the team on best practices.
Conduct market research and analysis to stay updated on industry trends and identify potential opportunities for cost savings or process improvements.
Review and approve purchase orders, ensuring accuracy and compliance with budgetary constraints. Monitor supplier performance, including delivery times, quality of goods, and adherence to contract terms, and address any issues or disputes that may arise.
Manage inventory levels, forecast future needs, and optimize stock levels to avoid shortages or excess. Collaborate with the finance department to ensure timely payment to suppliers and resolve any payment discrepancies.
Prepare and present regular reports on procurement activities, including cost savings, supplier performance, and market trends, to senior management.
Support, verify, monitor & follow up.
Final stage of negotiation with vendor.
Handle vendor related issues.