Procurement Manager-CAPEX

Job Description

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.