Head of Purchasing (Real Estate)

Job Title: Head of Purchase

Location: Juhu, Andheri, Mumbai

Company: Luxury Real Estate Developers

Job Summary:

As the Head of Purchase, you will be responsible for overseeing the entire procurement process, from sourcing and supplier management to contract negotiation and inventory control. The ideal candidate will have a strong background in procurement, excellent negotiation skills, and a deep understanding of the real estate development industry. Your role will be critical in ensuring that all materials and services meet the highest standards of quality, cost-efficiency, and timely delivery.

Key Responsibilities:

• Strategic Procurement Management:
• Develop and implement a comprehensive procurement strategy aligned with the company's goals and project timelines.
• Oversee the procurement of all materials, equipment, and services required for construction and real estate development projects.
• Identify and evaluate potential suppliers, ensuring they meet quality, cost, and delivery requirements.
• Supplier Relationship Management:
• Build and maintain strong relationships with suppliers, contractors, and vendors to ensure a reliable supply chain.
• Conduct regular supplier evaluations and audits to ensure compliance with quality standards and contractual agreements.
• Negotiate contracts, terms, and pricing with suppliers to achieve the best value for the company.
• Budgeting and Cost Control:
• Develop and manage the procurement budget, ensuring that all purchases are within budgetary constraints.
• Monitor and analyse procurement costs, implementing cost-saving initiatives where possible.
• Provide regular reports on procurement performance, cost savings, and supplier performance.
• Inventory and Logistics Management:
• Oversee inventory management, ensuring that materials are stocked at optimal levels to meet project demands.
• Coordinate with logistics teams to ensure the timely and efficient delivery of materials to construction sites.
• Implement and maintain effective inventory tracking systems to minimise waste and optimise resource allocation.
• Compliance and Risk Management:
• Ensure all procurement activities comply with legal, ethical, and company policies.
• Identify and mitigate risks associated with procurement, such as supply chain disruptions, price fluctuations, and quality issues.
• Maintain accurate records of all procurement transactions and contracts for audit and review purposes.
• Market Research and Analysis:
• Stay updated on market trends, emerging suppliers, and new materials or technologies relevant to the real estate industry.
• Collaborate with other departments, such as design and project management, to ensure alignment between procurement and project needs.

Qualifications:

• Bachelor's degree in Supply Chain Management, Business Administration, Engineering, or a related field. A Master's degree or MBA is preferred.
• 10+ years of experience in procurement, preferably within the real estate development or construction industry.
• Strong knowledge of procurement best practices, contract management, and supplier relationship management.
• Excellent negotiation, communication, and interpersonal skills.
• Proven experience in budget management and cost control.
• Proficiency in procurement and inventory management software.
• Strong analytical and problem-solving skills.
• Ability to lead and develop a team in a fast-paced environment.
• Knowledge of local and international procurement regulations and compliance requirements.