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Procurement Specialist / Buyer

8 - 10 years

Mumbai

Posted:9 hours ago

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Job Description

Procurement Specialist / Buyer


Key Responsibilities

  • Develop and execute commodity strategies for assigned spend categories, ensuring alignment between global sourcing initiatives and local business requirements.
  • Plan, prepare, and independently lead supplier negotiations across varying purchase volumes to achieve targeted cost savings, improved commercial terms, and optimized payment conditions.
  • Manage supplier contracts and commercial agreements to ensure business continuity, mitigate supply risks, and support organizational objectives.
  • Champion sustainability initiatives and digital transformation projects within the procurement function.
  • Maintain a strong understanding of commodity cost structures and proactively identify opportunities for cost optimization and value creation.
  • Conduct detailed cost analyses, benchmarking, and cost breakdown assessments to support sourcing decisions and negotiation strategies.
  • Collaborate closely with Cost Value Engineering (CVE), New Product Development (NPD), Quality, and Engineering teams to leverage supplier innovation and support product development programs.
  • Drive supplier performance management initiatives focusing on quality, delivery, cost competitiveness, and continuous improvement.
  • Ensure and drive supply chain governance within department
  • Managing and Coordinating service contract activities
  • Drive central procurement initiatives for the department like supplier performance management, claim management, contract management


Desired Skills & Qualifications

  • Bachelor's Degree in Mechanical Engineering, Electrical Engineering, or a related discipline.
  • 8–10 years of relevant experience in Procurement, Strategic Sourcing, or Buyer roles within manufacturing or engineering industries.
  • Strong experience in sourcing and procurement of Electrical and Mechanical Assemblies and related components.
  • In-depth knowledge of procurement processes, including RFQs, supplier assessment and selection, contract management, and commercial negotiations.
  • Hands-on experience with e-Sourcing platforms, procurement tools, Sustainability and digital procurement processes.
  • Demonstrated ability to drive supplier performance improvements through effective supplier relationship and performance management.
  • Strong stakeholder management, collaboration, communication, and cross-functional teamwork skills.
  • Innovative and strategic mindset with expertise in vendor development, supply continuity, quality assurance, risk management, and cost optimization.
  • Strong analytical capabilities with proficiency in cost modelling, market intelligence, and spend analysis.


Key Competencies

  • Strategic Sourcing & Commodity Management
  • Supplier Negotiation & Contract Management
  • Risk Management & Supply Continuity
  • Sustainability & Digital Procurement
  • Stakeholder Management & Cross-functional Collaboration
  • Supplier Development & Performance Improvement

Skills Required

Procurement Global Sourcing Purchase Business Continuity Digital Transformation Cost Optimization Sourcing Value Engineering NEW Product Development Product Development Performance Management Continuous Improvement

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Job Type

Full Time

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