Job Description:
The Purchase Manager will lead and oversee the procurement process for our real estate and construction projects. The ideal candidate should possess 8-15 years of procurement experience, with a strong focus on the construction and materials industry. We offer a competitive salary reflective of industry standards.
Responsibilities:
Procurement Planning:
· Collaborate with project managers to comprehend procurement requirements.
· Gain a thorough understanding of the requirements and technical requirements of the product or service.
· Develop procurement plans for timely and cost-effective material, equipment, and service procurement.
· Conduct market research to identify potential suppliers and maintain a robust supplier database.
Supplier Management:
· Evaluate suppliers based on quality, reliability, and cost-effectiveness.
· Negotiate and manage supplier contracts.
· Monitor supplier performance, resolving any issues promptly.
· Cultivate strong relationships with suppliers for material and service availability.
· Updating of supplier database with the latest entrants and the evolving technologies relevant to the industry
Purchase Order Management:
· Review and convert purchase requisitions into accurate and complete purchase orders.
· Monitor and track purchase orders to ensure on-time delivery.
· Coordinate with project teams and suppliers to resolve delivery or quality issues.
Cost Management:
· Analyze market trends, prices, and supplier performance for cost-saving opportunities.
· Implement cost control measures without compromising quality.
· Conduct periodic audits for compliance with procurement policies.
· Analyze every material or product to ensure the pricing is appropriate for the product procured.
Inventory Management:
· Manage inventory levels for optimal stock availability.
· Coordinate with warehouse and project teams to track and reconcile inventory.
· Implement inventory control measures to minimize stock-outs and excess inventory.
Compliance and Documentation:
· Ensure compliance with company policies, procurement regulations, and applicable laws.
· Maintain accurate procurement records and documentation.
· Prepare reports and provide updates on procurement activities to management.
Qualifications:
· 8 - 15 years of procurement experience in the real estate or construction industry.
· Residential purchase experience is essential.
· Strong Proficiency in MS Office (Excel, Word).
· Experience in preparing MIS reports as per management requirements.
· Strong knowledge of procurement processes, vendor management, and supply chain management.
· Excellent negotiation and communication skills.
· Proficient in procurement software (ERP) and other relevant tools.
· BE, BTech or Master's degree in Business Administration, Supply Chain Management, or a related field (preferred).
· Good Analytical skills to review the quotations and understand the intricacies.
· Financial acumen to grasp the impact of procurement decisions on the overall budget.
· Strategic thinking to develop and implement cost-effective procurement plans that align with the organization's goals.
· Maintaining ethical standards in procurement practices ensures transparency, fairness, and integrity, which is crucial for long-term success and cost management.
· Being adaptable to changes in the market, industry regulations, or organizational priorities allows for agility in adjusting procurement strategies for optimal cost management.
· Good understanding on National Building Code (NBC) of construction
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