Procurement Executive

As a Procurement Specialist, your primary responsibility will involve identifying, assessing, and qualifying potential suppliers and vendors to meet the specific requirements of New Product Development (NPD) projects. You will conduct thorough evaluations to ensure that suppliers align with quality, cost, and delivery expectations. Your role will also require you to engage in negotiation activities to secure favorable pricing, terms, and conditions with suppliers. It will be essential to track progress and ensure timely delivery of purchase orders in alignment with project timelines. In the realm of New Product Sourcing, you will be tasked with sourcing materials, components, and equipment necessary for new products. Close coordination with the NPD team is crucial to conducting cost analyses and ensuring alignment with project cost targets. Building and maintaining strong relationships with key suppliers will be a key aspect of your role. This involves fostering collaboration, addressing issues, and working with suppliers to implement continuous improvement initiatives. Your efforts will focus on aligning supplier capabilities with the company's product goals. In terms of Documentation & Compliance, you will be responsible for maintaining accurate purchasing records, specifications, and contracts in adherence to company policies and regulations. Collaboration with quality and regulatory teams will be necessary to ensure that all sourced materials and components meet relevant standards. Overall, as a Procurement Specialist, your contributions will play a vital role in supplier identification, negotiation, new product sourcing, supplier relationship management, and adherence to documentation and compliance standards.,