Upgrade to Pro Member
MyCFO - Purchase Manager (8-10 yrs)
Purchase Manager
Roles and Responsibilities:
- To prepare and achieve annual budget of sourcing in sync with the sales budget.
- To ensure timely supplies of raw material
- To benchmark the R.M. prices with those sourced by the competitors and negotiate the best possible prices with the vendors.
- To maintain and regularly update data bank of R.M. suppliers worldwide through online subscriptions, joining industry related associations, commodity exchanges for oleo-chemicals etc
- To formalise and monitor a proper structure for new vendor selection process.
- For all new R.M.s develop at least 3 vendors to avoid any exigencies.
- To work out price hedging for imported R.M.s in tandem with the finance team.
- To develop vendors for packing material and negotiate for competitive prices.
- Keep track of new concepts in packaging and suggest ideas for cost reduction.
- To continuously strive for reduction in R.M. cost.
- To ensure optimal inventory of stocks (chemicals as well as packing) to minimise inventory costs.
- To conduct vendor audits for key raw materials.
Requirements of the position:
- A person with minimum 8 - 10 years of experience in sourcing of specialty chemicals locally as well as imports (NATCHEMs as well as PETCHEMs)
- The person should be a commercial Graduate/Post Graduate.
- Any Diploma/degree in materials management or SCM is desirable.
- He / she must be able to negotiate effectively with the vendors.
- The person must be result oriented and agile.
- Should be able to work under strict time limits.
This job opening was posted long time back. It may not be active. Nor was it removed by the recruiter. Please use your discretion.
2-Step Verification - Action Required
We've updated our security procedures!
Your privacy and security are important to us. We've recently updated our security measures to make iimjobs.com safer and more secure for you. This change requires you to reset your password.
Please reset your password using the link sent to your email. If you did not receive any email, please check your spam folder..
