Assistant Manager - Procurement, the key job profile activities:

Procurement Activities:

Vendor identification, evaluation, and development. 

 RFQ preparation and price negotiation. 

 Purchase Order (PO) creation and release. 

 Material sourcing as per production requirements. 

Cost reduction and value engineering initiatives. 

 Rate contract and annual price agreement management

Supplier Management:

Follow-up with suppliers for on-time delivery. 

Supplier performance monitoring (Quality, Cost, Delivery). 

 Resolution of supply-related issues. 

 New supplier qualification and audits.

Inventory & Planning:

Monitoring stock levels and reorder planning. 

Controlling non-moving and slow-moving inventory. 

Coordination with production, stores, and planning teams. 

Ensuring uninterrupted material availability.

Commercial & Financial Activities;

Price comparison and cost analysis. 

Invoice verification and payment follow-up. 

 Advance payment management. 

Budget adherence and procurement cost control.

Coordination & Reporting:

Coordination with Engineering, Quality, Production, Finance, and SCM teams.

Preparation of procurement MIS reports.

Tracking pending POs, deliveries, and supplier commitments.

Management review presentations and procurement dashboards

Compliance & Documentation:

Maintaining procurement records and contracts.

Ensuring compliance with company procurement policies.

Vendor agreements and statutory documentation management.

Audit support and corrective action implementation.

Key KPIs:

On-Time Delivery (OTD)

Purchase Cost Savings

Inventory Turnover

Supplier Performance Rating

PR-to-PO Cycle Time

Material Availability for Production