To lead procurement operations with a strong focus on cost reduction, alternate sourcing, and supplier optimization, ensuring uninterrupted supply of raw materials and critical components while improving overall procurement efficiency and margins.
Preferred Industry Experience
- Instrumentation / Engineering / Electronics manufacturing
- Experience with precision components, electronics, or regulated supply chains
Key Responsibilities
1. Cost Optimization & Value Engineering
- Drive cost reduction initiatives across raw materials and components
- Identify cost-saving opportunities through:
- Negotiations
- Bulk procurement
- Vendor consolidation
- Design/value engineering inputs
- Benchmark prices and track commodity trends
2. Alternate Sourcing & Supplier Development
- Identify and develop alternate suppliers for critical and single-source components
- Reduce supply risk through dual/multiple sourcing strategies
- Evaluate vendor capabilities (technical, quality, financial stability)
- Build a strong local and global supplier base
3. Procurement Planning & Execution
- Ensure timely procurement aligned with production plans
- Manage purchase orders, contracts, and delivery schedules
- Monitor supplier performance on cost, quality, and delivery (CQD)
4. Strategic Vendor Management
- Lead price negotiations and contract finalization
- Develop long-term partnerships with key vendors
- Conduct periodic vendor reviews and audits
5. Cross-Functional Collaboration
- Work closely with:
- R&D / Engineering → for alternate material/component identification
- Production → for demand planning
- Quality → for supplier qualification
- Support new product development (NPD) with cost-effective sourcing
6. Risk Management
- Identify supply chain risks (single vendor, import dependency, price volatility)
- Develop mitigation strategies (inventory buffers, alternate vendors, localization)
7. Compliance & Process Excellence
- Ensure adherence to procurement policies and audit requirements
- Improve procurement processes using ERP systems and analytics
- Maintain accurate documentation and reporting
Key Performance Indicators (KPIs)
- % cost reduction achieved (YoY / per project)
- % spend under alternate sourcing
- Supplier lead time reduction
- On-time delivery performance
- Supplier base diversification index
- Inventory optimization / working capital impact
Qualifications & Experience
- Bachelor’s degree in Engineering / Supply Chain / Commerce
- MBA (Supply Chain / Operations) – preferred
- 5–10 years of experience in procurement (manufacturing / instrumentation preferred)
Key Skills & Competencies
- Strong negotiation and commercial acumen
- Analytical mindset with cost modeling capability
- Supplier development and relationship management
- Knowledge of import/export and global sourcing
- ERP proficiency (SAP / Oracle or similar)
- Problem-solving and stakeholder management
Job Types: Full-time, Permanent
Pay: ₹30,000.00 - ₹50,000.00 per month
Work Location: In person
