FAQs
What are the primary responsibilities of the Manager Purchase?
The primary responsibilities include controlling the purchasing function, negotiating prices, managing vendor relations, ensuring compliance with company standards, resolving disputes, sourcing for cost-saving, and maintaining purchasing records for audits.
How do we ensure compliance with purchasing standards?
Compliance is ensured by following SOX and company standard procedures for all purchasing activities, maintaining 100% adherence to regulatory requirements.
What is the process for negotiating prices with vendors?
The process involves sending inquiries to vendors, receiving offers, negotiating the best prices, and finalizing orders.
How do we handle disputes between vendors and the company?
Disputes are resolved through effective communication and negotiation, ensuring both parties reach a satisfactory resolution.
What is the role of the MSL in purchasing?
The MSL (Minimum Stock Level) is reviewed and made for all regular MRO items to ensure adequate inventory availability.
How do we manage raw material availability?
We prepare a raw material plan based on demand forecasts, ensure safety stock levels are maintained, and coordinate with local suppliers for regular supplies.
What steps are taken for timely payment to suppliers?
Timely payments are ensured by verifying freight bills and coordinating with the finance department to process payments promptly.
How do we handle the disposal of idle assets?
Idle assets are disposed of through auctions or bidding processes to maximize recovery value for the company.
What practices are in place for inventory management?
We ensure weekly tracking of inventory and maintain safety stock levels to meet production demands.
How do we coordinate import shipments?
Coordination of import shipments includes managing logistics, ensuring timely clearance from customs, and maintaining communication with suppliers.