Procurement Specialist

Role Overview: As a Purchasing Specialist based in Pune, you will be an integral part of our procurement team, responsible for ensuring efficient and cost-effective procurement of goods and services. Your role will involve executing purchasing activities, managing supplier relationships, negotiating contracts, and maintaining optimal inventory levels to support the organization's operations effectively. Key Responsibilities: - Execute end-to-end procurement processes, including requisition processing, supplier selection, purchase order creation, and order tracking. - Collaborate with internal stakeholders to understand their purchasing requirements and offer guidance on procurement best practices. - Identify potential suppliers, conduct market research, evaluate vendor proposals, and negotiate favorable terms and conditions. - Manage supplier relationships by monitoring performance, resolving issues, conducting periodic evaluations, and fostering strong partnerships. - Monitor inventory levels to ensure optimal stock levels while minimizing excess inventory or stockouts. - Analyze pricing trends, market conditions, and contract terms to identify cost-saving opportunities. - Maintain accurate records of purchases, contracts, pricing agreements, and other relevant documentation. - Stay updated on industry trends, regulations, and best practices in procurement to enhance knowledge and improve processes. - Collaborate with cross-functional teams such as finance, operations, and logistics to ensure seamless coordination of procurement activities. Qualifications: - Bachelor's degree in mechanical design engineering, supply chain management, business administration, or a related field (or equivalent experience). - Proven experience as a Purchasing Specialist or in a similar role within the procurement function. - In-depth knowledge of procurement best practices, sourcing strategies, contract negotiation techniques, and supplier management principles. - Ability to read mechanical and structural drawings, including machining and welding details. - Excellent communication skills to interact effectively with internal stakeholders and external suppliers. - Proficiency in using procurement software systems or enterprise resource planning (ERP) platforms is preferred. - Detail-oriented with exceptional organizational skills to manage multiple tasks simultaneously and meet deadlines effectively.,