Procurement Manager at Ramco Group

As a Procurement Manager for our manufacturing companies, you will be responsible for overseeing and managing the procurement process, ensuring the timely and cost-effective acquisition of raw materials and supplies essential to our production. Your role will be pivotal in maintaining efficient inventory levels and fostering positive relationships with suppliers to support our production needs.

Key Responsibilities:

• Demand forecasting and ensuring that the required resources for optimized production are procured at the right time with optimal pricing.
• Contingency planning and execution in cases where internal/ external factors may negatively affect production processes through supplier delay, price changes, currency fluctuations etc.
• Work with Finance, Inventory department and the sales department to ensure synchronization between cashflow for purchasing, inflow of raw material for production and finished products for sale to attain efficient flow of production and optimized inventory storage.
• Developing SOPs (Standard Operating Procedures) that will guide sales and operations planning activities to align with procurement strategy.
• Oversee the procurement process from requisition to delivery, ensuring adherence to procurement policies, procedures, and ethical standards.
• Lead the entire sourcing function from evaluating suppliers, negotiating terms and pricing and managing the relationships both locally and overseas. You will also identify reliable suppliers and ensure the timely delivery of high-quality raw materials and supplies at competitive prices.
• Procurement of machinery spare parts for maintenance department and maintaining optimized stock levels.
• Managing contracts and relationships with suppliers including risk management measures to cover organizational interests. Also resolving any issues or discrepancies that may arise during the procurement process.
• Develop and implement procurement strategies aligned with the company's production requirements and budgetary constraints.
• Monitor market trends and fluctuations in material costs, providing insights and recommendations to senior management to support informed decision-making.
• Collaborate with the production team to understand material specifications and quality standards, ensuring that all procured materials meet the required specifications and industry standards.
• Conduct regular assessments of supplier performance, evaluating their reliability, quality of products, and adherence to delivery schedules.
• Work closely with the finance department to manage procurement budgets, track expenses, and optimize cost efficiencies while maintaining quality standards.
• Stay updated on industry regulations and compliance requirements, ensuring that the procurement process complies with relevant laws and regulations.
• Lead, mentor, and develop a high-performing procurement team, fostering a culture of accountability, teamwork, and continuous improvement.

Qualifications and Skills:

• Bachelor's degree in Supply Chain Management, Business Administration, or a related field. A master's degree is a plus.
• Proven experience in procurement management within the manufacturing industry, preferably in ceramics, tiles, or related materials.
• Strong negotiation skills and the ability to build and maintain long-term relationships with suppliers.
• In-depth knowledge of supply chain management, procurement best practices, and market dynamics in the ceramic tile industry.
• Familiarity with ERP systems and procurement software for efficient inventory management and tracking.
• Excellent communication and interpersonal skills, with the ability to collaborate effectively across departments and with external stakeholders.
• Strong analytical and problem-solving abilities to make data-driven decisions and manage complex procurement challenges.
• Leadership experience with the ability to mentor and develop a high-performing team.
• Knowledge of industry-specific regulations, compliance requirements, and quality standards.