Purchase Manager - Steel Manufacturing

1. Procurement & Sourcing

• Identify, evaluate, and negotiate with suppliers for raw materials such as steel billets, scrap, alloys, consumables, and manufacturing equipment.
• Ensure cost-effective procurement while maintaining required quality standards.
• Float RFQs, analyze quotations, finalize purchase orders, and manage long-term rate contracts.

2. Vendor Management

• Develop and maintain strong relationships with suppliers and contractors.
• Conduct supplier performance evaluations on quality, delivery timelines, and pricing.
• Identify new vendors to improve supply chain competitiveness.

3. Inventory & Material Planning

• Coordinate with production and stores team for material forecasting and inventory planning.
• Maintain optimum stock levels to avoid production delays or overstock situations.
• Monitor lead times, material consumption, and reorder levels.

4. Cost & Budget Management

• Drive cost reduction initiatives through strategic sourcing and vendor negotiations.
• Prepare and track procurement budgets, price trends, and cost-saving reports.
• Ensure adherence to approved budgets and financial controls.

5. Quality & Compliance

• Ensure all procured materials meet the required technical specifications and QA standards.
• Coordinate with Quality department for raw material testing and compliance.
• Ensure procurement activities comply with company policies, audits, and statutory requirements.

6. Documentation & Reporting

• Maintain accurate purchase records, vendor agreements, price lists, and documentation.
• Generate MIS reports including purchase status, material availability, supplier performance, and cost analysis.

Skills & Competencies

• Strong negotiation and vendor management skills.
• Excellent knowledge of steel raw materials, manufacturing consumables, and procurement processes.
• Good understanding of supply chain management, inventory control, and cost optimization.
• Strong analytical and communication skills.
• Proficiency in MS Excel, ERP systems, and SAP (preferred).

Qualifications & Experience

• Bachelor's Degree in Mechanical Engineering / Production / Supply Chain or equivalent.
• MBA in Supply Chain / Operations (preferred).
• 814 years of experience in procurement within the steel or heavy manufacturing industry.