Procurement Manager - Electrical & Electronics

You are being offered a role as a Category Manager for Electrical & Electronics components, parts, and accessories in a prestigious Indian multinational conglomerate with a significant revenue and a global presence. With over 35,000 employees and more than 50 manufacturing facilities worldwide, the company operates in various sectors, including technology, automotive, home and building, and healthcare. As a Category Manager, your primary responsibility will be to develop strategies, source materials, and manage procurement activities related to Electrical & Electronics components. Your role will involve optimizing supplier relationships, ensuring cost efficiency, and delivering high-quality products to meet organizational objectives on time. Key Responsibilities: - Develop and implement procurement strategies for Electrical & Electronics components, parts, and accessories. - Conduct market analysis to identify trends, risks, and opportunities within the category. - Align category strategies with organizational goals and objectives. - Identify, evaluate, and negotiate with suppliers. - Create and execute RFI/RFP/RFQ in collaboration with key internal stakeholders. - Build strong relationships with suppliers to ensure quality, reliability, and cost efficiency. - Deploy zero-based costing (ZBC) and should-cost based approaches to evaluate and justify procurement costs. - Work closely with internal teams to understand procurement needs and collaborate on implementing new products and services. - Prepare regular reports on procurement performance, including cost savings, vendor performance, and risk management activities. - Identify and mitigate risks associated with the supply chain for Electrical & Electronics components. - Ensure adherence to organizational policies, industry standards, and regulatory requirements. Qualifications: - Bachelors degree in Electrical & Electronics Engineering or a related field. A masters degree or MBA is a plus. - Professional certifications such as CPSM, CPP are advantageous. - 7+ years of experience as a Category Manager in EPC/Engineering companies/Industrial product companies. - Hands-on experience in sourcing and procurement of Electrical & Electronics components. Required Skills: - Understanding of pricing strategies, margin analysis, and profitability optimization. - Strong negotiation and contract management skills. - Knowledge of manufacturing processes related to steel raw material manufacturing, sheet metal parts, casting, welding, machining, and assembly. - Excellent analytical and problem-solving abilities. - Proficiency in procurement software and tools. - Effective communication and stakeholder management skills. - Knowledge of market trends and technological advancements in Electrical & Electronics components procurement.,