Purchase Manager

We are seeking an experienced Purchase Manager to manage our procurement operations, ensure cost-effective sourcing, and maintain efficient purchasing processes aligned with project timelines and quality standards. Key Responsibilities 1. Vendor Management • Onboarding new suppliers after stringent vendor evaluation and maintain a preferred vendor list. • Conduct supplier audits and ensure compliance with company quality and safety standards. • Evaluate supplier performance (price, quality, delivery, reliability). • Resolve vendor disputes and manage relationships to support business continuity. • Strategic Procurement & Sourcing • Develop and implement purchasing strategies aligned with production and project requirements for just in time procurement. • Identify, evaluate, and onboard reliable vendors for raw materials (plates, beams, channels, pipes, welding consumables, casting, forging, bearing, lubricant etc.) and components for heavy equipments. • Negotiate long-term supply agreements to ensure cost optimization, quality, and timely delivery. • Material Planning & Cost Control • Coordinate with Production, Planning, and Projects teams to forecast material requirements. • Maintain optimal inventory levels to minimize stockouts and excess inventory. • Monitor procurement budgets, analyze cost variance, and achieve annual cost-saving targets. • Documentation & Compliance • Oversee procurement documentation (POs, contracts, delivery schedules etc.) in SAP-MM module. • Ensure compliance with statutory, import/export, and company procurement policies. • Liaise with finance for timely vendor payments and reconciliations. • Team Leadership & Coordination • Lead and mentor a team of purchase executives and officers. • Collaborate cross-functionally with Engineering, planning and Quality teams. • Drive process improvements and implement best practices in procurement systems. Qualifications & Experience • Education: B.E. / B.Tech in Mechanical / Production Engineering/Industrial Engineering/ Metallurgical Engineering/ Masters Degree in Commerce./ MBA in Supply Chain / Materials Management preferred. • Experience: Minimum 12–15 years of experience in procurement within heavy fabrication, structural steel, or capital equipment manufacturing industries. • Technical Knowledge: • Strong understanding of steel grades, fabrication processes, and mechanical components. • Familiarity with SAP(MM-Module) S4 HANAbhi • Sound knowledge of logistics, import/export documentation, and vendor evaluation. Skills & Attributes • High integrity and results-oriented mindset. • Excellent negotiation and analytical skills. • Strong leadership and decision-making ability. • Proficient in vendor development and contract management. • Good communication and interpersonal skills.