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 : Bachelor’s 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 project’s procurement schedule to avoid site stoppages. Quality Compliance : Minimizing rejections of received materials. Vendor Performance : Reliability and lead-time accuracy of selected suppliers.