We are seeking a highly skilled and experienced Purchase Manager to join our team in Mysuru (Grand Mercure Mysore & ibis Styles Mysuru), India. As a Purchase Manager, you will be responsible for developing and implementing effective purchasing strategies, managing supplier relationships, and ensuring cost-effective procurement of goods and services for our organization.
Develop, implement, and manage the organization's purchasing strategy to ensure best value and quality
Source, evaluate, and select suppliers, negotiating contracts and prices to optimize cost savings
Manage and maintain relationships with existing suppliers, ensuring timely delivery and quality of goods and services
Conduct market research and analyze industry trends to identify opportunities for cost savings and process improvements
Collaborate with department heads to identify purchasing needs and develop specifications for goods and services
Ensure compliance with company policies, procedures, and relevant regulatory requirements
Analyze and report on purchasing performance, identifying areas for improvement and implementing corrective actions
Develop and manage the purchasing budget, aligning it with the organization's business objectives
Lead and mentor the purchasing team, providing guidance, training, and support as necessary
Implement and maintain efficient inventory management practices to optimize stock levels and reduce costs
Stay updated on industry best practices and emerging technologies in procurement and supply chain management
Bachelor's degree in Business Administration, Supply Chain Management, or related field
5+ years of experience in purchasing or procurement roles, preferably in a similar industry
Proven track record of achieving cost savings and implementing process improvements
Strong analytical and problem-solving skills with the ability to make data-driven decisions
Excellent negotiation, communication, and interpersonal skills
Proficient in purchasing software, ERP systems, and Microsoft Office applications
In-depth knowledge of supply chain management principles and best practices
Familiarity with relevant industry regulations and compliance standards
Ability to work efficiently in a fast-paced environment and prioritize multiple tasks and deadlines
Demonstrated leadership skills with experience in managing and mentoring teams
Strong organizational skills with attention to detail and accuracy
Adaptability to changing market conditions and emerging procurement technologies
