Role & responsibilities Capex Procurement Strategy:Develop and implement procurement strategies for Capex purchases aligned with the organization's operational and financial goals.Ensure cost-effective sourcing while maintaining high-quality standards and regulatory compliance.Vendor Selection & Management:Identify, evaluate, and establish strong relationships with suppliers and contractors for Capex procurement.Conduct vendor audits, assess supplier capabilities, and ensure compliance with industry standards (GMP, cGMP, etc.).Negotiate long-term contracts and pricing agreements with suppliers.Cost Management:Develop cost-saving initiatives and continuously explore ways to optimize the procurement process for Capex projects.Analyze and benchmark the market to ensure competitive pricing for equipment and services.Project Management & Coordination:Collaborate with engineering, project management, and operations teams to understand technical requirements for Capex items.Oversee end-to-end procurement activities for Capex projects, from sourcing to delivery, ensuring timelines and budgets are adhered to.Contract Negotiations:Lead contract negotiations, ensuring favorable terms and conditions for the organization.Draft, review, and finalize procurement contracts, ensuring compliance with legal and regulatory standards.Compliance & Risk Management:Ensure all Capex procurement activities comply with internal company policies and external regulatory requirements.Identify potential risks in the procurement process and develop risk mitigation strategies.Reporting & Documentation:Prepare detailed reports on procurement activities, project progress, cost savings, and supplier performance.Maintain comprehensive documentation for audit purposes and regulatory compliance.Cross-functional Collaboration:Work closely with finance, legal, engineering, and quality teams to ensure smooth procurement processes and compliance with financial and regulatory guidelines.