Procurement Specialist

Company: Alutec
Business Unit: Materials Reports to: Manager - Procurement Location: Kochi Job Description: Procurement Specialists are responsible for managing vendor negotiations, sourcing strategies, and ensuring that materials are procured at competitive prices while maintaining quality and delivery standards. This role involves handling purchase orders, evaluating supplier bids, and collaborating with the planning and engineering teams to meet project requirements. Key Responsibilities: Negotiate contracts with suppliers to secure the best terms for pricing, quality, and delivery. Evaluate supplier bids and proposals, ensuring alignment with project requirements and budgets. Manage the procurement process from issuing purchase orders to tracking deliveries and addressing any supplier issues. Collaborate with planning and engineering teams to align procurement activities with project schedules. Monitor supplier performance and implement corrective actions as needed. KRAs and KPIs: 1. Procurement Efficiency and Cost Savings KPI: Timeliness and efficiency of procurement processes (measured by lead times and delivery performance). KPI: Cost savings achieved through effective negotiations and sourcing strategies. 2. Supplier Performance and Contract Compliance KPI: Supplier compliance with contract terms (measured by quality, delivery, and pricing). KPI: Reduction in procurement-related issues (measured by delivery delays, quality rejections, and corrective actions). 3. Collaboration and Stakeholder Satisfaction KPI: Effectiveness in coordinating with cross-functional teams (measured by project outcomes and feedback from stakeholders). KPI: Improvement in procurement processes based on feedback and continuous improvement initiatives. Qualifications: Education: Bachelor's degree in Supply Chain Management, Business Administration, or related field. Experience: Minimum of 3-5 years of experience in procurement or strategic sourcing. Skills: Strong negotiation skills, supplier management, contract management, and knowledge of procurement systems and tools.