Executive - Procurement

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.