Purchase Manager

Job Description

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

Qualifications

• 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