Procurement Engineer

A Procurement Engineer is responsible for managing the purchasing and sourcing of goods, services, and equipment essential for a company's operations. This role requires a blend of technical knowledge, negotiation skills, and an understanding of supply chain management. Key Responsibilities: - Sourcing and Vendor Management: Identify and evaluate potential suppliers, negotiate contracts, and manage vendor relationships for timely and cost-effective procurement. - Technical Understanding: Possess a strong technical background to comprehend product or service specifications and requirements, especially in industries requiring specialized technical knowledge. - Cost Negotiation: Negotiate prices, terms, and conditions with suppliers to secure advantageous agreements, analyzing cost structures to optimize expenses while maintaining quality. - Supply Chain Management: Coordinate with various departments to ensure a smooth flow of materials and services throughout the supply chain. - Quality Assurance: Collaborate with quality control teams to ensure purchased goods meet required standards. - Risk Management: Identify and mitigate potential risks associated with procurement processes. - Contract Management: Draft, review, and manage contracts with suppliers, ensuring compliance with legal requirements. - Market Research: Stay updated on market trends and industry best practices for informed procurement decisions. - Cost Analysis: Conduct cost analyses to identify cost-saving opportunities and efficiency improvements. - Documentation: Maintain accurate records related to procurement activities. Key Skills: - Technical Acumen - Negotiation Skills - Analytical Skills - Communication Skills - Project Management - Attention to Detail Qualifications: - Bachelor's degree in engineering (Electrical or E&E) - Minimum 5+ years of experience in Construction Projects Benefits: - Leave encashment - Provident Fund Application Questions: - What is your Current CTC - What is your Expected CTC - What is your Notice Period - Do you have global procurement experience in the Engineering Industry - Do you have Procurement experience in the Engineering Industry Job Types: Full-time, Permanent Work Location: In person,