KRAs Of Purchase Manager In Any Manufacturing Company................................

KRAs of Purchase Manager in any manufacturing company

Key Result Areas (KRAs) of a Purchase Manager in a manufacturing company typically include:
- Developing and implementing procurement strategies to optimize cost savings and efficiency.
- Identifying and evaluating potential suppliers based on quality, cost, and delivery speed.
- Negotiating contracts and agreements with suppliers to secure favorable terms and conditions.
- Monitoring and managing inventory levels to ensure adequate supply while minimizing excess stock.
- Collaborating with internal stakeholders to understand their procurement needs and requirements.
- Ensuring compliance with company policies and relevant regulations in all procurement activities.
- Analyzing market trends and industry developments to make informed purchasing decisions.
- Continuously seeking opportunities for process improvement and cost reduction within the procurement function.

These are some of the essential responsibilities and focus areas for a Purchase Manager in the manufacturing industry.

Please help me by providing details on forming KRAs and some related formats for the purchase department in a manufacturing unit.

Thank you,
Pooja

Dear Ms. Pooja Thakkar,

I conduct training programmes on:
a) Purchase management
b) Inventory management
c) Warehouse management
d) Vendor management
e) Evaluation techniques of Purchase of Capital Equipment

When it comes to deciding the KRAs of the Purchase Manager, first, you need to check whether you have trained him to attain those KRAs or not. A change in his work style will not come just by giving him certain targets or goals. You need to equip him with the right skill sets as well.

In fact, first, you have to check whether there is a purchasing manual for your company. Without all this, no purchase manager can attain any KRA.

My Training and Consulting in the field of Supply Chain Management (SCM): I conduct training programmes on various topics and also provide consulting services on subjects related to SCM. To learn more about my training activities in this field, you may click the following links and download the respective documents:

Dinesh V Divekar - Procurement Faculty

Programme Structure for Various Training Programmes in Purchase and Inventory Management

Thanks,

Dinesh Divekar
+91-9900155394
dineshdivekar(at)gmail(dot)com