Executive - Procurement

Job description

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.