Job Overview

We are seeking a skilled Purchase Electrical Manager for a senior-level, full-time position in Faridabad. The role involves overseeing electrical components procurement and vendor management to ensure the efficient functioning of our client's operations. The successful candidate will have a strong background in managing vendor relationships, inventory, and strategic sourcing within the IT industry.

Qualifications and Skills

• Proven experience in vendor management with the ability to establish and maintain effective supplier relationships (Mandatory skill).
• Expertise in electrical components procurement ensuring high-quality materials are procured efficiently (Mandatory skill).
• Ability to manage inventory effectively to maintain optimal stock levels and reduce holding costs (Mandatory skill).
• Strong skills in cost reduction strategies to enhance profitability and operational efficiency.
• Proficient in risk management to identify potential procurement risks and implement mitigation strategies.
• Experience in supplier evaluation to assess and choose the best suppliers for quality and cost benefits.
• Strong negotiation skills for contract negotiation ensuring favorable terms and conditions with suppliers.
• Strategic sourcing capabilities to identify and select suppliers delivering cost-effective solutions.

Roles and Responsibilities

• Lead and manage the procurement of electrical components ensuring compliance with quality standards.
• Oversee vendor management activities, fostering strong supplier relationships and negotiating favorable contracts.
• Implement and oversee inventory management practices to optimize stock levels and minimize costs.
• Develop cost reduction strategies to improve profitability and contribute to the company's financial goals.
• Conduct risk assessments and develop risk mitigation plans to secure supply chain stability.
• Evaluate supplier performance regularly to ensure delivery of quality products and services.
• Negotiate contracts and agreements with suppliers to secure the best terms and conditions.
• Lead strategic sourcing initiatives to enhance procurement processes and achieve cost benefits.