Procurement Manager

About the Company

A Purchase Manager in the real estate industry is responsible for the end-to-end procurement of construction materials, services, and machinery required for project development. The role acts as a bridge between project sites, architects, and the accounts department to ensure materials are delivered on time, within budget, and as per quality standards.

About the Role

• Procurement Strategy: Develop and execute purchasing plans aligned with project timelines and budgetary constraints.
• Vendor Management: Identify, evaluate, and onboard reliable suppliers and subcontractors. Maintain a robust database and conduct regular performance audits.
• Negotiation: Draft and finalize contracts, securing favorable pricing, credit terms, and delivery schedules.
• Material Sourcing: Procure essential construction items such as cement, steel, MEP (Mechanical, Electrical, Plumbing) materials, and finishing goods (tiles, paint, etc.).
• Budget & Cost Control: Prepare comparative statements, monitor expenses, and implement cost-saving initiatives to optimize project profitability.
• Inventory & Logistics: Oversee stock levels to prevent shortages or overstocking and coordinate with logistics teams for timely site delivery.
• Compliance & Documentation: Ensure all activities adhere to company policies and legal regulations. Maintain records of Purchase Orders (POs), invoices, and Goods Received Notes (GRN).

Qualifications

• Education: Bachelors degree in civil engineering, Supply Chain Management, or Business Administration. An MBA or professional certification like CIPS is also preferred.
• Experience: Typically requires 5+ years of procurement experience specifically within the real estate or construction sectors.
• Technical Knowledge: Deep understanding of construction materials, market rate trends, and IS (Indian Standard) code specifications.
• Software Proficiency: Hands-on experience with ERP systems (e.g., SAP, Oracle, Far vision) and advanced MS Excel.
• Core Competencies: Strong negotiation, analytical thinking, and the ability to manage multiple project sites simultaneously.

Common Key Performance Indicators (KPIs)

• Cost Savings: Percentage reduction in material costs versus the estimated budget.
• Timely Delivery: Adherence to the projects procurement schedule to avoid site stoppages.
• Quality Compliance: Minimizing rejections of received materials.
• Vendor Performance: Reliability and lead-time accuracy of selected suppliers.