10/05 Vinay Trivedi
Head - Human Resources at ToneTag

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ToneTag - Manager - Procurement (5-8 yrs) Premium

Bangalore Job Code: 696478

Why ToneTag?

Since 2013, we are harnessing the power of sound to enable secure payment system for you. ToneTag has developed a unique technology through which proximity based offline transactions can be carried out through sound waves. This has transformed the way offline payments are happening. The company has a dynamic and engaging work environment where our partners thrive to excel and achieve. We create, we deliver, we invent experiences and have fun times together. Being a part of this elite family is only open to individuals who are up to it. There is only one bar that we touch every day. That is success. Come and create the future.

The challenge for you :

A procurement manager plays a key role in providing procurement within Naffa Innovations Pvt Ltd, acting as the primary focus for the Management team in the development and implementation of procurement strategy, roles, legislative compliance within which departmental teams must operate when procuring goods and services on behalf of the organisation. A commitment to collaborative problem solving while maintaining excellent quality are essential for us.

Your day in ToneTag :

- Support the Operational Head in maintaining the overall Financial Viability of Naffa Innovations Pvt Ltd.

- Procure electronic and electro-mechanical components, raw material and other production supplies at the optimum balance of price, quality, and service to satisfy business requirements.

- Interface daily with Engineering, Production, vendors, and contract manufacturers

- Obtain and negotiate competitive quotes and analyze quotes based upon price, specifications, and supply performance

- Work with Product Management and Engineering teams on NPI management

- Use computerized MRP system to analyze material requirements for assigned commodities to support production schedule

- Continually review long lead time components and unique components to ensure product availability

- Execute and maintain vendor/supplier contract

- Coordinates the strategy development for the procurement of electronic and electrical components, sub-assemblies for the organization by performing the following duties


- Coordinate all purchasing related activities for Operations and new product development as assigned within the various commodities.

- Identifies gaps within the existing supply base relative to the current and future production requirements.

- Communicate needs to other functional groups so that development work can be completed in time to support project.

- Works with cross-functional teams to initiate total cost improvements and supplier development

- The Commodity Manager will have a knowledge of strategic and global sourcing and will use this knowledge to develop new suppliers to support both new and current product development.

- Negotiates pricing for all outsourced materials and/or parts in accordance with target costs and departmental goals.

- Using VA/VE tools, monitors and adjusts sourcing strategies to ensure projects are achieved on time and to the budgeted plan.

- Maintains and ensures contract terms are being executed by both MTD and the supplier.

- Using project management tools and techniques, Commodity Manager will be responsible for continual cost reduction project ideation, implementation, and execution.

- Uses Risk Management to assess supply vulnerability. Develops strategies to minimize or mitigate risk.

- Monitors commodity market trends against supplier pricing and applies knowledge within activities to drive the lowest cost to MTD.


- Performs all purchasing activities in accordance with departmental goals, objectives and company policies and procedures.

- Consultation and engagement with all key stakeholders to ensure effective procurement and delivery across Naffa.

What you need :

- 5 years experience in procurement field with preferred work experience in mobile devices, audio systems or in general consumer electronics industry.

- Must possess and apply a broad knowledge of Purchasing and Supply Management principles, practices, and procedures.

- Battery/PCB/Electrical purchasing experience is a must

- Strong candidates will have spent time in a fast-paced environment, purchasing a large variety of different components, and has a solid track record on closing larger contracts and achieving strong year over year cost reductions.

- Strong written and verbal communication skills with high attention to detail

- Proficient in Microsoft Office applications including Word, Excel and PowerPoint

- Must have strong technical background (mechanical and electrical) to support complex technical sourcing projects

- High degree of creativity, flexibility, and resourcefulness

Great to haves :

- Highly motivated person.

- Can handle projects independently.

- Industry/vendor connects

Women-friendly workplace:

Maternity and Paternity Benefits

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