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The Purchasing Managers are responsible for a wide variety of procurement as well as vendor, manufacturer, and customer relations. They manage a portfolio of assigned vendors/manufacturers, product evaluation coordination, new product introduction, product conversions, buying for assigned functional areas and product research.
The purchase managers contact appropriate vendors and negotiate specific terms for purchases that meet customer requirements when specific contracts do not exist.
They place orders, verify pricing and availability, investigate overdue orders and problem invoices, as well as communicate timely and efficiently with all contacts for assigned discipline.
They ensure product quality and advantageous pricing by monitoring vendor performance and contract adherence. They provide a commercial assessment of technically qualified suppliers. They generate feedback on vendor performance on a regular basis.
They must be able to aid in ‘Make or Buy’ Decisions and understand the financial implications of each purchase decision. They must possess the ability to understand macro trends in the market regarding their product category. They must excel in Vendor Analysis.
They are expected to understand the latest trends in Supply Chain Management. They need to oversee all aspects of the inventory management including the following tasks:
Direct and coordinate Purchasing team to reduce costs, improve efficiencies and customer service.
Manage existing inventory levels, analyze track and forecast item usage, current trends and company changes that might affect inventory to determine current and future needs.
Source products soliciting competitive bidding from multiple suppliers, recommending new suppliers and creating purchase orders.
Reconcile and resolve vendor inventory and/or contract discrepancies, product recalls, and defects.
KEY SKILLS REQUIRED:
EXCELLENT COMMUNICATOR - Verbal Ability and Verbal Reasoning
ANALYTICAL THINKING [ EFFECTIVE SKILLS IN FINANCIAL, MARKET, AND VENDOR ANALYSIS.] - Abstract Reasoning ,Quantitative Aptitude
STRATEGIC THINKER - Abstract Reasoning
CRITICAL THINKING - Logical Reasoning, Numerical Reasoning
INVENTORY MANAGEMENT
VERBAL ABILITY
Verbal ability is essential because grammar and vocabulary is a prerequisite for good spoken and written English.
VERBAL REASONING
Reading comprehension indicates an ability to comprehend and reason with the concepts on a written page.
QUANTITATIVE APTITUDE
Quantitative ability will indicate analytical thinking and problem-solving ability.
LOGICAL REASONING
Logical Reasoning is assessed through
• Statement/Conclusion
• Cause /Effect and
• Statement/Fact questions
These questions will indicate the quality of deductive reasoning and inductive reasoning which contribute to Critical thinking ability.
ABSTRACT REASONING
Abstract reasoning will indicate the ability to think clearly, identify logical patterns, learn new skills and solve complex problems. It is an indicator of fluid intelligence and shows an ability to strategize.
NUMERICAL REASONING
The numerical reasoning test measures the ability to interpret, analyze and draw logical conclusions based on numerical data presented in graphs and tables describing different business related situations.
