Purchasing Manager

Indication Instruments Limited in Erode, Tamil Nadu, India is seeking a Purchasing Manager to oversee procurement processes, manage supplier relationships, and optimize costs. The role involves developing procurement strategies, negotiating contracts, and collaborating with cross-functional teams. Candidates should have a Bachelor's degree, 5+ years of experience in purchasing, and strong analytical and negotiation skills. This position offers competitive compensation and a supportive work environment.
Job Description :

We seek an experienced, results-driven purchasing manager to join our team at Indication Instrument Limited

As a purchase manager, you will be responsible for handling the procurement process, sourcing suppliers and managing vendor relationships to ensure a seamless supply chain and optimise costs. You will also collaborate with cross-functional teams, make strategic decisions and implement best practices within our procurement function.

This is an exciting opportunity to contribute to our company's success and be part of a dynamic team in a competitive market. We offer competitive compensation packages, health benefits and a supportive work environment that fosters learning and professional growth.

Objectives of this role
• Developing and implementing procurement strategies and policies for cost optimisation and enhancing supply chain efficiency.
• Identifying, evaluating and selecting suppliers based on quality, reliability, cost-effectiveness and adherence to ethical and sustainability standards.
• Negotiating contracts and terms with suppliers to ensure favourable pricing, payment terms and mutually beneficial agreements.
• Collaborating with internal stakeholders to understand their requirements and align procurement activities with organisational goals.
• Conducting market research and analysis to stay updated on industry trends, supplier capabilities and pricing fluctuations.
• Managing supplier relationships, including ongoing performance evaluation, issue resolution and fostering long-term partnerships.
• Monitoring inventory levels, analysing demand patterns and implementing inventory management strategies to manage stock levels and avoid shortages or excesses.

Required skills and qualifications
• Bachelor's degree in supply chain management, business administration or a related field.
• 5+ years of experience as a purchasing manager within the Indian market.
• In-depth knowledge of procurement principles, strategies and best practices.
• Demonstrable experience in the Indian market and familiarity with local suppliers and sourcing channels.
• Experience in implementing sustainable and socially responsible procurement practices.
• Strong skills in budgeting, cost optimisation and negotiation techniques.
• Knowledge of vendor management and inventory management systems.
• An analytical mind with excellent communication and interpersonal skills.
• Ability to work collaboratively with cross-functional teams.
• Proficiency in using procurement software and systems.
• Knowledge of local and national laws and regulations related to procurement.
• Willingness to work in a fast-paced and competitive environment.

Preferred skills and qualifications
• Master’s degree in supply chain management, business administration or related field.
• Knowledge of industry-specific regulations and compliance requirements.
• Relevant certification in procurement or supply chain management.
• Proficiency in data analysis and reporting tools.
• Ability to lead and mentor a team of procurement professionals.
• Detail-oriented with strong organisational and time management abilities.
• Multilingual skills to effectively communicate with diverse stakeholders.
• Experience with global sourcing, logistics and supply chain best practices.