Procurement Executive.

Job Description

Job Title : Procurement Executive Location : Surat Department : Procurement/Supply Chain Reports To : Procurement Manager/Head of Procurement Job Summary : The Procurement Executive in the semiconductor industry is responsible for sourcing, negotiating, and procuring materials, equipment, and services required for semiconductor manufacturing. This role ensures that all procurement activities align with the companys objectives, focusing on quality, cost-effectiveness, and timely delivery. The Procurement Executive will work closely with suppliers, internal teams, and other stakeholders to support the company s production needs and drive continuous improvement in the supply chain process. Key Responsibilities : Supplier Management : Identify, evaluate, and select suppliers that meet the company s quality and cost requirements. Establish and maintain strong relationships with key suppliers to ensure continuous supply of materials and services. Monitor supplier performance and conduct regular assessments to ensure compliance with company standards. Procurement Operations : Manage the end-to-end procurement process, including RFQs, negotiations, contract management, and purchase order issuance. Ensure timely and cost-effective procurement of materials, equipment, and services necessary for semiconductor production. Collaborate with engineering and production teams to understand material requirements and ensure alignment with production schedules. Cost Management : Analyze market trends and pricing to identify opportunities for cost savings. Negotiate favorable terms and conditions with suppliers to achieve the best value for the company. Implement cost-saving initiatives while maintaining the required quality standards. Compliance and Risk Management : Ensure all procurement activities comply with company policies, industry standards, and regulatory requirements. Identify and mitigate risks associated with the supply chain, including quality issues, supply disruptions, and geopolitical factors. Inventory Management : Monitor inventory levels to ensure optimal stock levels and prevent shortages or overstock situations. Work with the logistics team to optimize the storage and distribution of materials. Data Analysis and Reporting : Maintain accurate records of procurement activities, including supplier performance, pricing data, and delivery timelines. Prepare and present regular reports on procurement performance, cost savings, and market conditions to senior management. Qualifications : Bachelor s degree in Supply Chain Management, Business Administration, Engineering, or a related field. 3-5 years of experience in procurement, preferably in the semiconductor or electronics industry. Strong negotiation, communication, and interpersonal skills. Proficiency in procurement software and Microsoft Office Suite. Knowledge of semiconductor manufacturing processes and materials is highly desirable. Ability to work independently and manage multiple tasks in a fast-paced environment. Attention to detail and strong analytical skills. Preferred Skills : Experience with global sourcing and international suppliers. Familiarity with ERP systems like SAP or Oracle. Certification in procurement or supply chain management (e.g., CPSM, CIPS) is a plus.