Buying & Procurement

Key Responsibilties

Buying & Procurement

• Manage procurement of raw materials, electrical components, metal, hardware, finishing materials, and other production requirements.
• Evaluate existing suppliers and develop new sources for key materials.
• Negotiate pricing, quantities, payment terms, lead times, and delivery schedules.
• Plan purchases based on production, product development, and project requirements.
• Monitor material availability, seasonality, and market price trends to support advance buying.
• Convert approved BOMs into purchase requirements and ensure timely availability of materials.
• Maintain optimum inventory levels and accurate procurement records.

Product & Project Costing

• Prepare detailed SKU-wise costing for new and existing products.
• Calculate material, labour, processing, yield, wastage, and job-work costs.
• Benchmark material and vendor costs against market and historical rates.
• Finalize product and custom project costing in coordination with Design and Production.
• Track estimated vs. actual costs and identify significant variances.
• Provide cost, pricing, and margin inputs for new products, bulk orders, and custom projects.

Vendor Development & Management

• Identify, evaluate, and onboard suppliers, fabricators, and job-work vendors.
• Develop alternate sources for critical materials and processes.
• Evaluate vendors on quality, pricing, delivery, responsiveness, and reliability.
• Conduct vendor visits and quality assessments where required.
• Resolve vendor-related quality, pricing, delivery, and commercial issues.
• Build long-term supplier relationships and ensure adherence to agreed terms.

Custom Project & Production Tracking

• Coordinate with Design, Production, and vendors from costing through project execution.
• Track project-wise production, material requirements, vendor commitments, and delivery schedules.
• Follow up with vendors to ensure production and delivery milestones are met.
• Identify and escalate potential cost, quality, and timeline deviations and coordinate corrective actions.

Planning, Coordination & Reporting

• Coordinate with Design, Production, Quality, and Procurement teams for smooth material and production flow.
• Track material requirements against product, production, project, and launch schedules.
• Maintain visibility on procurement costs, inventory, vendor performance, and material trends.
• Prepare MIS and regular updates on procurement, costing, vendor performance, and project progress.
• Support budgeting, pricing, collection planning, and cost optimization initiatives.

Ideal Candidate

• Experience in Procurement/Buying, Costing, Vendor Management, and Production Coordination.
• Strong understanding of materials, fabrication, manufacturing, and vendor processes.
• Strong negotiation, analytical, costing, and coordination skills.
• Experience in home décor, furniture, lifestyle, manufacturing, or related industries is preferred.