Purchase & Store Manager

Role Overview

The Purchase & Store Manager will be responsible for managing procurement activities, vendor relationships, inventory control, and overall stores management to ensure timely availability of quality materials at optimal cost. The role demands strong negotiation skills, planning ability, and adherence to company policies, compliance, and safety standards.

Key Responsibilities1. Purchase Management

• Identify and evaluate vendors, negotiate contracts, and finalize purchase orders.
• Develop and maintain vendor relationships to ensure reliable supply chain.
• Source materials, consumables, equipment, and services as per production requirements.
• Monitor market trends, pricing, and cost-saving opportunities.
• Ensure all purchases comply with company policies and statutory requirements.
• Coordinate with accounts for timely payments and resolving vendor disputes.

2. Store Management

• Supervise daily store operations including receiving, inspecting, issuing, and storage of materials.
• Maintain accurate stock records in ERP/manual system.
• Implement FIFO, LIFO, and other inventory management practices.
• Conduct regular physical stock verification and reconciliation with system records.
• Ensure proper handling, preservation, and security of materials.
• Monitor minimum and maximum stock levels to prevent shortages or overstocking.

3. Compliance & Process Control

• Ensure compliance with ISO, EHS, and company quality standards.
• Prepare and maintain purchase and stock-related documentation for audit purposes.
• Establish and improve SOPs for procurement and store management.

4. People & Coordination

• Lead and train store staff in material handling, documentation, and ERP usage.
• Coordinate with production, quality, finance, and logistics teams for smooth operations.
• Report to management on purchase savings, vendor performance, and stock status.

Key Skills & Competencies

• Strong negotiation and vendor management skills.
• Knowledge of procurement processes, statutory compliance, and import/export (if applicable).
• Expertise in inventory management, ERP systems, and MS Excel.
• Leadership and team management skills.
• Analytical thinking and problem-solving ability.
• Good communication and coordination skills.

Qualification & Experience

• Graduate / Postgraduate in Supply Chain Management / Commerce / Engineering.
• 5–10 years of experience in purchase and store management (preferably in manufacturing/engineering industry).
• Knowledge of ISO, EHS, and audit requirements will be an advantage.

Performance Indicators (KPIs)

• Cost savings achieved through negotiations.
• Vendor performance and reliability.
• Inventory accuracy and reduction in stock discrepancies.
• On-time availability of materials.
• Compliance with safety and audit requirements.

Job Type: Full-time

Pay: ₹30,000.00 - ₹50,000.00 per month

Benefits:

• Health insurance
• Paid sick time
• Provident Fund

Work Location: In person