Procurement Manager

Job Description

Role & responsibilities Implement procurement and vendor development systems and tools to streamline processes and enhance efficiency. Source and negotiate with potential suppliers, assess their capabilities and evaluate their suitability based on predefined criteria. Develop and implement procurement and vendor management strategies to drive efficiency and cost savings. Lead negotiations with suppliers to secure favourable terms and contracts. Ensure compliance with procurement policies, regulations, and ethical sourcing practices. Collaborate with cross-functional teams, including finance, operations, and legal, to align procurement activities with business goals. Monitor market trends, supplier performance, and risk factors affecting procurement decisions. Optimize inventory management and procurement processes using data-driven insights. Lead and mentor the procurement team, fostering a culture of continuous improvement. Manage supplier relationships, including regular communication, performance evaluations and issue resolution. Collaborate with internal stakeholders to understand their requirements and develop procurement plans accordingly. Analyse inventory levels, demand forecasts and consumption patterns to optimise stock levels and reduce carrying costs. Continuously evaluate and improve procurement practices, including identifying cost-saving opportunities and process enhancements. Prepare and present reports on procurement activities, performance metrics and cost savings to higher management. Implement sustainable and socially responsible strategic sourcing practices, including supporting local suppliers and promoting ethical sourcing. Stay updated on regulatory requirements and ensure compliance with applicable laws and regulations related to sourcing activities. Preferred candidate profile 1) Engineering Graduate 2) Preference given Electrical Engineering 3) MBA in SCM is more preferable 4) Minimum experience require is 5 yrs in domain field 5) Require strong negotiation, analytical and decision-making skill 6) Knowledge of global supply chain dynamics & sustainable sourcing practices. 7) Ability to work on multiple projects at a time 8) Ability to lead & guide the team 9) Problem solving skill to resolve complex. 10) Ability to convert client briefs into creative outcomes