To procure materials at the right quality, quantity, price, and delivery timeline to ensure uninterrupted business operations while maintaining optimum inventory levels and complying with company procurement policies.
Key Responsibilities
- Review Purchase Requisitions (PRs) and create Purchase Orders (POs) in SAP.
- Procure materials based on MRP, Sales Orders, Re-order Levels, and business requirements.
- Obtain quotations, evaluate suppliers, negotiate commercial terms, and finalize purchases.
- Follow up with suppliers to ensure timely order confirmation and deliveries.
- Coordinate with Sales, Planning, Warehouse, Logistics, and Finance for smooth procurement execution.
- Monitor inventory levels to prevent stock-outs and excess inventory.
- Develop and maintain strong relationships with approved suppliers and identify alternate sources.
- Maintain accurate procurement records and ensure compliance with SOPs, approval matrix, and statutory requirements.
- Support internal and external audits by providing required procurement documentation.
- Prepare and review procurement MIS reports, including pending PO status, supplier performance, and cost-saving initiatives.
Key Performance Indicators (KPIs)
- Purchase OTIF (On-Time In-Full)
- Supplier On-Time Delivery (%)
- Purchase Price Variance (PPV)
- Purchase Order Turnaround Time
- Stock-out Incidents
- Cost Savings Achieved
- Vendor Performance Rating
- Inventory Days
