Procurement Manager

The Procurement Manager is responsible for developing and implementing procurement strategies to ensure the timely, cost-effective, and quality-focused sourcing of raw materials, components, machinery, consumables, and services required for furniture manufacturing operations. The role ensures uninterrupted production, supplier performance management, inventory optimization, and cost reduction initiatives.

Key Responsibilities

Procurement & Sourcing

• Develop and execute procurement strategies aligned with production and business objectives.
• Source and negotiate with suppliers for wood, MDF, plywood, veneers, laminates, hardware, upholstery materials, foam, fabrics, adhesives, packaging materials, and factory consumables.
• Identify and evaluate new suppliers to improve quality, pricing, and delivery performance.
• Conduct supplier audits and assessments to ensure compliance with company standards.
• Establish long-term supplier partnerships and framework agreements.

Vendor Management

• Manage supplier relationships and maintain approved vendor databases.
• Evaluate supplier performance based on quality, cost, delivery, and service levels.
• Resolve supplier-related issues and implement corrective actions where required.
• Negotiate contracts, payment terms, pricing structures, and service agreements.

Inventory & Production Support

• Coordinate closely with Production, Planning, Warehouse, and Quality departments to forecast material requirements.
• Ensure timely procurement of materials to prevent production delays.
• Monitor inventory levels and optimize stock availability while minimizing excess inventory.
• Review reorder levels and procurement plans regularly.

Cost Control & Budget Management

• Lead cost reduction and value engineering initiatives.
• Analyze market trends and material price fluctuations.
• Prepare procurement budgets and monitor purchasing expenditures.
• Generate cost-saving reports and procurement performance metrics.

Contract & Compliance Management

• Review and manage supplier contracts and procurement documentation.
• Ensure compliance with company procurement policies and procedures.
• Maintain procurement records, purchase orders, contracts, and supplier agreements.
• Ensure ethical procurement practices and regulatory compliance.

Team Leadership

• Lead and supervise procurement officers, buyers, and purchasing staff.
• Set departmental KPIs and performance objectives.
• Provide coaching, training, and development opportunities for procurement team members.
• Foster collaboration across departments to improve supply chain efficiency.

Reporting & Analysis

• Prepare monthly procurement reports and dashboards.
• Monitor procurement KPIs such as:
• Cost savings achieved
• Supplier performance
• Purchase order cycle time
• Material availability rate
• Inventory turnover
• Procurement budget adherence

Required Qualifications

Education

• Bachelor's degree in Supply Chain Management, Procurement, Business Administration, Industrial Engineering, or a related field.
• Professional certifications such as CIPS, CPSM, CSCP, or equivalent are preferred.

Experience

• 7–10 years of procurement experience, preferably within furniture manufacturing, wood processing, interior fit-out, or related manufacturing industries.
• Minimum 3–5 years in a managerial role.

Technical Knowledge

• Strong understanding of furniture manufacturing materials and supply chains.
• Knowledge of wood, hardware, upholstery, foam, fabrics, laminates, and finishing materials procurement.
• Experience with ERP systems (SAP, Oracle, Microsoft Dynamics, Odoo, etc.).
• Strong contract negotiation and vendor management skills.
• Proficiency in Microsoft Excel and procurement reporting tools.

Key Competencies

• Strategic Sourcing
• Supplier Relationship Management
• Negotiation & Contract Management
• Cost Optimization
• Inventory Planning
• Analytical Thinking
• Leadership & Team Management
• Problem Solving
• Communication & Stakeholder Management
• Decision Making
• Time Management

KPIs

• Procurement Cost Savings (%)
• On-Time Material Availability (%)
• Supplier On-Time Delivery Rate (%)
• Inventory Turnover Ratio
• Purchase Order Processing Time
• Supplier Quality Acceptance Rate
• Procurement Budget Compliance
• Number of Approved Alternate Suppliers Developed

Pay: Rs100,000.00 - Rs150,000.00 per month

Work Location: In person