Procurement Manager

Job Description

Roles Responsibilities Strategic Sourcing Procurement Management: Develop and implement procurement strategies to ensure cost-effectiveness and efficiency. Source, evaluate, and negotiate with suppliers and vendors for raw materials, packaging materials, equipment, and services. Ensure timely procurement to support smooth production and operational activities. Monitor market trends, price fluctuations, and supplier performance to optimize procurement decisions. Vendor Management Negotiations: Identify, evaluate, and establish relationships with reliable suppliers. Conduct vendor audits and quality assessments to ensure compliance with company and regulatory standards. Negotiate contracts, pricing, payment terms, and service-level agreements (SLAs) to achieve cost savings. Inventory Cost Control: Work closely with the stores, finance, and production teams to optimize inventory levels. Develop and implement cost-saving initiatives without compromising quality and efficiency. Monitor purchase budgets and ensure adherence to financial targets. Compliance Documentation: Ensure all procurement activities adhere to regulatory guidelines and company policies. Maintain accurate procurement records, purchase orders, and contracts for audit purposes. Work with legal and finance teams to ensure compliance with statutory and contractual obligations. Cross-Functional Coordination: Collaborate with production, RD, quality control, and logistics teams to align procurement with business needs. Support new product development (NPD) initiatives by sourcing required materials and equipment. Resolve supply chain disruptions and mitigate risks in procurement operations. Key Qualifications Education: B.E. / B.Tech / MBA in Supply Chain Management, Procurement, or related fields. Experience: 10+ years of procurement experience in a manufacturing or agrochemical industry. Proven expertise in strategic sourcing, vendor negotiations, and procurement best practices. Skills Competencies: Strong knowledge of procurement processes, contract management, and supplier negotiations. Experience with SAP ERP or other procurement software. Excellent analytical, problem-solving, and decision-making skills. Strong communication and leadership abilities to manage supplier relationships and internal teams. Understanding of regulatory requirements, compliance standards, and industry trends.