Executive - Procurement
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About this role
Roles and Responsibility:
- Strategic Sourcing
- Develop and implement comprehensive sourcing strategies for assigned categories to achieve cost savings, quality improvements, and risk mitigation.
- Conduct market research and analysis to identify potential suppliers and assess their capabilities.
- Supplier Management
- Identify, evaluate, and select suppliers based on cost, quality, service, and capability.
- Build and maintain strong relationships with key suppliers to ensure continuous improvement in performance and cost.
- Conduct regular supplier performance reviews and address any issues or non-conformance.
- Negotiation and Contract Management
- Lead negotiations with suppliers to secure favorable terms and conditions, including pricing, delivery, and payment terms.
- Draft, review, and manage contracts and agreements, ensuring compliance with company policies and legal requirements.
- Cross-functional Collaboration
- Work closely with internal stakeholders, including R&D, manufacturing, quality, and finance, to understand their requirements and ensure alignment with sourcing strategies.
- Participate in cross-functional teams to support new product development, cost reduction initiatives, and process improvements.
- Risk Management
- Identify potential risks in the supply chain and develop mitigation strategies.
- Monitor and address supply chain disruptions to minimize impact on operations.
- Continuous Improvement
- Drive continuous improvement initiatives to enhance sourcing processes and tools. - Stay updated on industry trends, best practices, and new technologies to identify opportunities for innovation and efficiency.
- Skills and Competencies
- Require 5 to 6 years of relavant experience in procurement.
- B Tech/ MBA
- Strong analytical and problem-solving skills.
- Excellent negotiation and contract management skills.
- Ability to build and maintain effective relationships with suppliers and internal stakeholders.
- Strong project management skills with the ability to handle multiple priorities.
- Proficient in using procurement software and tools (e.g., ERP systems, e-sourcing platforms).
- Strong communication and interpersonal skills.
- High level of integrity and professionalism.
Experience in material handling like tools & moulds, Extruder machines , injection moulding machines is must.
Company
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