Purchasing Manager

Job Title: Purchase Manager Location: HyderabadExperience: 6+ YearsIndustry: Jewellery Retail (Gold, Diamond, Silver & Precious Stones)About the RoleKrishna Jewellers Pearls & Gems Pvt. Ltd. is seeking an experienced and dynamic Purchase Manager to manage the procurement of Gold, Diamond, Silver, Pearls, and Jewellery products. The ideal candidate should possess strong jewellery product knowledge, vendor management expertise, negotiation skills, and inventory management capabilities to ensure the availability of quality products at competitive prices.Key Skills RequiredPurchase & Procurement ManagementVendor Development & Relationship ManagementPrice Negotiation & Cost ControlProduct PricingProduct SourcingMarket Trend AnalysisVendor Evaluation & Performance MonitoringERP & Inventory Management SystemsMicrosoft Excel & ReportingKey ResponsibilitiesPurchase & ProcurementManage end-to-end procurement of Gold, Diamond, Silver, Pearl, and Jewellery products.Source products from approved vendors while ensuring quality, pricing, and timely delivery.Identify new vendors and develop strong supplier relationships.Negotiate product pricing, payment terms, and purchase agreements to achieve cost efficiencies.Vendor ManagementMaintain and strengthen relationships with existing vendors and suppliers.Conduct vendor evaluations based on quality, pricing, service, and delivery performance.Coordinate with vendors for new product development and exclusive collections.Resolve vendor-related issues, discrepancies, and supply challenges.Product & Market AnalysisStay updated on jewellery market trends, gold and diamond rates, customer preferences, and competitor offerings.Recommend new product categories and collections based on market demand.Work closely with merchandising, sales, and operations teams to ensure product availability.Reporting & CompliancePrepare purchase reports, vendor performance reports, and procurement analysis.Ensure proper documentation of purchase orders, invoices, and vendor agreements.Maintain compliance with company policies and procurement procedures.Preferred Candidate ProfileMinimum 6 years of experience in Jewellery Purchasing, Procurement, or Inventory Management.Bachelor's Degree in Commerce, Business Administration, Supply Chain Management, or a related field PreferableStrong understanding of Gold, Diamond, Silver, Pearl, and Precious Stone products.Excellent negotiation and vendor management skills.Experience handling large vendor networks and inventory planning.Strong analytical, communication, and decision-making abilities.Proficiency in ERP systems and Microsoft Excel.Reporting ToManaging DirectorKey Performance Indicators (KPIs)Purchase Cost OptimizationInventory Accuracy & AvailabilityVendor Performance & ComplianceTimely Procurement & DeliveriesStock Turnover EfficiencyProduct Availability Across StoresMargin Improvement Through Effective NegotiationBenefitsHealth InsuranceCareer Growth OpportunitiesProvident Fund.Paid Leave.Daily Snack.Yearly Bonus.Direct interaction with management and key vendors.Growth-oriented environment with long-term career opportunities.Opportunity to work with a leading jewellery retail organization.A supportive and friendly work environment