Procurement Manager

Job Description

Job Description & Attachment

Job description

Job Title: Purchase Manager / Procurement Manager

Experience:815 Years (can be adjusted)
Location:Mumbai
Department:Procurement / Supply Chain
Reporting To:Finance Head / Operations Head

Job Summary

We are looking for an experienced Purchase Manager responsible for managing procurement operations, vendor relationships, sourcing strategies, and cost optimization initiatives. The role involves ensuring timely procurement of materials, services, and equipment while maintaining quality standards, compliance, and budgetary controls.

Key Responsibilities

Procurement & Sourcing

• Manage end-to-end procurement lifecycle including vendor identification, sourcing, negotiation, and purchase order management.
• Develop procurement strategies aligned with organizational goals.
• Ensure timely availability of materials and services as per business requirements.
• Evaluate quotations and conduct techno-commercial comparisons.

Vendor Management

• Identify, evaluate, and onboard new vendors and suppliers.
• Maintain strong vendor relationships and performance tracking.
• Negotiate pricing, delivery schedules, payment terms, and contracts.
• Conduct periodic vendor audits and evaluations.

Cost & Budget Control

• Drive cost optimization and value engineering initiatives.
• Monitor procurement budgets and ensure cost-effective purchasing.
• Analyze market trends and pricing benchmarks.

Contract & Compliance Management

• Ensure procurement activities comply with company policies and statutory requirements.
• Review and manage vendor contracts, SLAs, and agreements.
• Maintain documentation for audit and compliance purposes.

Inventory & Coordination

• Coordinate with Sales, Operations, Finance, and Logistics teams for demand planning.
• Monitor inventory levels to prevent shortages or excess stock.
• Support project teams with timely procurement execution.

Reporting & MIS

• Prepare procurement MIS reports and dashboards.
• Track procurement KPIs such as savings, vendor performance, and delivery timelines.
• Present procurement updates to senior management.

Required Skills & Competencies

• Strong negotiation and vendor management skills.
• Knowledge of procurement processes and supply chain management.
• Commercial and financial acumen.
• Excellent analytical and decision-making skills.
• ERP/SAP procurement module experience preferred.
• Strong communication and stakeholder management abilities.

Preferred Qualifications

• Bachelor’s degree in Engineering / Commerce / Supply Chain / Business Administration.
• MBA in Supply Chain / Operations preferred.
• Certification in Procurement or Supply Chain Management is an advantage.

Experience Requirements

• 8+ years of experience in procurement or purchase management.
• Experience handling multiple vendors and high-value procurement.
• Exposure to IT hardware, infrastructure, or project procurement preferred (for IT companies).

Key Performance Indicators (KPIs)

• Cost savings achieved.
• Vendor performance and delivery adherence.
• Procurement cycle time.
• Inventory optimization.
• Compliance adherence.

If interested, please sned cv to navneeta.sawant@syndrometech.net

More Info

Education