Procurement Specialist_ Leading MNC _industrial products_ Ghaziabad

Job Overview:

Responsible for sourcing, evaluating, and procuring materials, equipment, and services needed for a company's operations by identifying suitable suppliers, negotiating contracts, managing supplier relationships, and ensuring compliance with product specifications and quality standards, all while aiming to achieve the best possible price and terms for the company, requiring strong technical knowledge, analytical skills, and excellent negotiation abilities. 

Responsibilities:

• Supplier Identification and Evaluation

  : Research and identify potential suppliers based on technical requirements, quality standards, and market competitiveness. 

• Contract Negotiation

  : Negotiate pricing, delivery schedules, payment terms, and other contractual conditions with suppliers to secure favourable deals. 

• Vendor Management:

   Build and maintain strong relationships with suppliers, addressing any issues or concerns to ensure smooth delivery and quality control. Resolve any supply chain issues. 

• Technical Analysis:

   Understand technical specifications of required materials and services to ensure they meet Product/project requirements. 

• Cost Optimization

  : Analyse supplier quotes and identify opportunities to reduce procurement costs while maintaining quality. 

• Compliance Management

  : Ensure all procurement activities adhere to company policies, legal regulations, and industry standards. 

• Collaboration

  : Work closely with engineering teams, project managers, and other departments to identify procurement needs and align with project timelines. 

Requirements:

• Relevant degree, B.Tech./BE or equivalent degree in Mechanical or Electrical Engineering from a reputed university.
• 7-10 years experience in a Procurement/Purchasing role and managing the procurement/purchasing of materials in line with production and customer requirements and, ideally within automotive or manufacturing.

Core Competencies:

• Technical Expertise

  : Strong understanding of engineering principles, materials science, and relevant industry standards. 

• Negotiation Skills

  : Proven ability to negotiate complex Projects/Product/Component and achieve favorable terms with suppliers. 

• Analytical Skills

  : Capability to analyses supplier proposals, market trends, and cost data to make informed procurement decisions. 

• Communication Skills

  : Excellent written and verbal communication to effectively interact with internal stakeholders and suppliers. 

• Project Management Skills

  : Ability to manage procurement activities within project timelines and budgets. 

• Market Knowledge

  : Awareness of current market trends and supplier landscape within the relevant industry. 

Preferences:

• Relevant degree, B.Tech./BE in Mechanical or Electrical Engineering.