- Full Time
- Shivaji Nagar, Pune, Maharashtra, India
Rieco Industries
Procurement Manager – Raw Material
Location : Shivaji Nagar, Pune, Maharashtra, India
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Job Description
Location:
Shivaji Nagar, Pune
Education:
Bachelor’s degree in engineering & management degree is a plus
Experience:
10 to 12 years
About The Role:
The Procurement Manager at Rieco Industries Ltd will oversee the sourcing and purchasing of raw materials essential for production activities. This role requires a seasoned professional with extensive experience in procurement, strong negotiation skills, and a keen understanding of supply chain dynamics. The ideal candidate should excel in supplier management, contract negotiation, and strategic procurement planning.
Roles & Responsibilities :
- Sourcing and Purchasing: Identify, evaluate, and select suppliers for raw materials procurement, ensuring alignment with company policies and standards. Source materials at competitive prices while maintaining quality standards and timely delivery.
- Supplier Relationship Management: Cultivate strong relationships with suppliers, negotiate contracts, and establish favorable terms and conditions for procurement transactions. Continuously assess supplier performance based on quality, delivery, and cost-effectiveness, taking corrective actions as needed.
- Market Monitoring and Analysis: Stay abreast of market trends, pricing fluctuations, and availability of raw materials. Conduct regular market analysis to optimize purchasing decisions, mitigate risks, and ensure continuity of supply.
- Collaboration with Internal Stakeholders: Work closely with internal departments such as projects, production, engineering, quality control, and finance to forecast raw material requirements and align procurement strategies accordingly. Foster cross-functional collaboration to optimize procurement processes and achieve business objectives.
- Inventory Management: Manage inventory levels effectively to minimize stockouts and excess inventory, while optimizing working capital utilization. Implement inventory control measures and demand forecasting techniques to ensure optimal inventory levels.
- Compliance and Reporting: Ensure compliance with regulatory requirements and company standards for quality, safety, and ethical sourcing practices. Generate reports and analyze data related to procurement activities to support decision-making and continuous improvement initiatives.
Required Skills and Qualifications:
- Bachelor’s degree in engineering, supply chain management, or a related field.
- Proven track record of 10-12 years in procurement, preferably in a manufacturing or industrial environment.
- Strong negotiation skills and ability to build and maintain relationships with suppliers.
- Proficiency in procurement software such as SAP and Microsoft Office Suite. Hands-on experience in MIS and report development is desirable.
- Excellent analytical and problem-solving abilities with a strategic mindset.
- Effective communication and teamwork skills, with the ability to collaborate across departments.
- Thorough knowledge of supply chain management principles and best practices.
→
Rieco Industries
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