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Purchase Executive / Manager
ConfidentialMumbai15 days ago
Job descriptionDevelop Procurement Plans : Create and manage procurement strategies to ensure a steady supply of high-quality materials and products that align with the company's production schedules and sales forecasts. Inventory Management : Monitor stock levels, forecast demand, and avoid overstocking or understocking to ensure continuous production. Cost Optimization : Look for opportunities to reduce procurement costs while maintaining or improving the quality of materials. Regulatory Knowledge : Ensure that all purchased materials comply with relevant regulations, such as FDA standards, CE marking, or other regulatory requirements specific to the MedTech industry. Documentation and Reporting : Maintain accurate records of all transactions, including purchase orders, contracts, and supplier certifications, to ensure traceability and compliance during audits. Quality Check : Ensure that all purchased materials and components meet the required quality standards and specifications for MedTech products. Collaboration with Quality Control Teams : Work closely with the quality control team to resolve any issues with product quality or supplier performance. Incoming Inspection : Organize incoming inspections and testing to verify that materials meet predefined quality criteria. Budget Planning : Develop and manage the procurement budget to ensure cost-effective purchasing while aligning with financial constraints. Cost Control : Monitor costs and implement cost-saving initiatives without compromising quality or regulatory compliance. Build Long-Term Relationships : Cultivate and maintain positive relationships with key suppliers to ensure smooth and efficient operations. Manage Disputes : Address and resolve any supplier disputes or issues in a timely and professional manner to minimize disruptions to production. Order Fulfillment : Oversee the process of order fulfillment, from placing orders to ensuring the timely delivery of materials. Supply Chain Coordination : Coordinate with other departments such as logistics, production, and R&D to ensure the flow of materials aligns with production timelines. Risk Management : Develop strategies to mitigate risks associated with supply chain disruptions, such as delays, price fluctuations, or shortages. Track Purchases : Maintain an accurate and up-to-date database of all purchase orders, supplier performance, and inventory levels. Reporting : Prepare regular reports on purchasing activities, cost analysis, and inventory status for senior management. Collaboration with R&D : Work closely with the Research and Development (R&D) teams to understand new product requirements and source materials that meet those needs. Collaborate with Finance : Work with the finance team to ensure that budgets are adhered to, payments are processed on time, and financial controls are in place. Process Optimization : Continuously seek ways to improve purchasing processes, reduce lead times, and enhance the efficiency of procurement operations. Technology Adoption : Stay updated with the latest procurement technologies, tools, and trends to enhance purchasing efficiency, such as e-procurement systems or supplier management software.
Roles & Responsibilities :
1. Supplier Management and Selection
- Identify and Evaluate Suppliers : Research and identify potential suppliers of raw materials, components, or finished products that meet the company's needs in terms of quality, price, and reliability.
- Negotiate Terms and Conditions : Negotiate prices, terms of sale, delivery schedules, payment terms, and service levels to ensure favorable conditions for the organization.
- Supplier Audits : Ensure that suppliers comply with industry regulations, certifications (e.g., ISO, FDA), and internal quality standards by performing or coordinating supplier audits.
2. Procurement Planning and Strategy
3. Compliance with Regulatory Standards
4. Quality Assurance and Control
5. Budget Management and Cost Control
6. Supplier Relationship Management
7. Logistics and Supply Chain Coordination
8. Data Management and Reporting
9. Cross-Functional Collaboration
10. Continuous Improvement
Skills Required
Procurement, Purchase
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Purchase • Mumbai
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