Assistant Manager

Department: ProcurementRole Title: Assistant Manager – ProcurementGrade @ STL: AM

To manage and drive sourcing and procurement activities with a focus on cost optimization, supplier development, quality, timely delivery, and effective vendor management.

Reports to: Procurement Manager

1. Develop and execute sourcing and purchasing strategies aligned with business requirements.

2. Drive cost reduction, supplier base optimization, quality improvement, and timely delivery.

3. Identify, evaluate, develop, and manage reliable suppliers and vendors.

4. Manage the complete procurement cycle, including supplier selection, price negotiation, purchase order execution, and delivery follow-up.

5. Determine optimal order quantities and delivery schedules based on business requirements and inventory levels.

6. Track, analyse, and report procurement expenditure, savings, and supplier performance.

7. Develop effective negotiation strategies and ensure procurement is completed at optimal commercial terms.

8. Monitor market conditions, commodity prices, and industry trends to identify sourcing opportunities and risks.

9. Conduct cost analysis, scenario analysis, benchmarking, and price comparisons.

10. Prepare regular procurement reports, spend analysis, savings reports, and key performance metrics.

11. Forecast market and price trends and proactively identify changes in supplier and buyer dynamics.

12. Partner with suppliers, manufacturers, and internal stakeholders to ensure uninterrupted material availability.

13. Ensure effective inventory management and stock optimization.

14. Drive procurement digitalization, process improvements, and supplier compliance.

15. Lead and motivate the team to achieve key metrics such as On-Time-In-Full (OTIF) delivery, year-on-year cost savings, inventory optimization, and supplier compliance.

16. Ensure compliance with procurement policies and processes through regular audits and corrective actions.

17. Ensure completeness, accuracy, effectiveness, and compliance of procurement-related documentation and transactions.

18. Use SAP, Excel, and data management/reporting tools for procurement analysis and decision-making.

• Strong industry knowledge in Furniture Manufacturing, Seating, Home Textiles, or White Goods/Appliances.

• Hands-on experience in SAP is preferred.

• Strong working knowledge of MS Excel, data management, reporting, and analytical tools.

• Experience in procurement, strategic sourcing, and vendor development.

• Strong communication and negotiation skills.

• Ability to manage the complete procurement and sourcing lifecycle.

• Strong supplier selection, development, and relationship management skills.

• Excellent commercial and analytical skills.

• Strong decision-making and problem-solving abilities.

• Ability to manage multiple priorities and work in a fast-paced environment.

• Ability to lead and motivate teams towards business and procurement objectives.

• Strong understanding of cost optimization, inventory management, and supplier performance management.

Hosur

7–10 years of relevant experience in Procurement, Strategic Sourcing, and Vendor Development.

BE – Mechanical Engineering