Procurement Specialist

7 - 12 years

8.0 - 11.0 Lacs P.A.

Bengaluru

Posted:2 months ago| Platform: Naukri logo

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Skills Required

Procurement analysissupply chainstrategic sourcingglobal sourcingpurchasesupplier managementsupplysupplier performancevendor developmentsupply chain managementsoftware procurementcost optimizationvalue engineeringcost analysis

Work Mode

Work from Office

Job Type

Full Time

Job Description

Job Title: Procurement Specialist Role Overview: We are seeking a Procurement Specialist to manage supplier relationships, optimize costs, and ensure quality assurance for mechanical components. The role requires expertise in negotiation, cost analysis, and cross-functional collaboration to align procurement strategies with business objectives. Key Responsibilities: Supplier Management: Identify, evaluate, and negotiate with suppliers to secure quality parts at competitive prices. Productivity Improvement: Achieve 5-6% YoY cost savings through effective negotiation and value engineering. Cost Analysis: Develop strategies to optimize procurement costs while maintaining high-quality standards. Quality Assurance: Collaborate with engineering and quality teams to ensure compliance with product specifications. Market Research: Stay updated on industry trends and new technologies to make informed purchasing decisions. Cross-Functional Collaboration: Align procurement strategies with overall business objectives to enhance operational efficiency. Reporting: Monitor and report on purchasing metrics and supplier performance to stakeholders. Qualifications & Skills: Educational Requirements: Bachelors or Diploma in Engineering, Supply Chain Management, or a related field. Experience: Proven experience in procurement or supply chain within a manufacturing environment. Skills: Strong negotiation, analytical, and problem-solving skills. Proficiency in procurement software and tools. Ability to manage multiple priorities in a fast-paced environment. The ideal candidate will possess a strong understanding of supplier management, cost-saving strategies, and quality assurance processes, enabling them to drive procurement efficiency while supporting the companys business goals.

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