Procurement Manager-CAPEX

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.