Purchase Engineer

As a Procurement Specialist, you will be responsible for analyzing business requirements and developing procurement strategies to meet the company's needs effectively. You will source and evaluate suppliers, conduct market research, and compare prices to ensure the best value for the organization. Negotiating contracts, terms, and conditions with suppliers will be a crucial aspect of your role. Collaboration with Engineering and Operations teams is essential to understand technical requirements and evaluate supplier technical capabilities and product quality. You will play a key role in ensuring compliance with regulatory standards and company policies while maintaining strategic supplier relationships. Conducting supplier audits, performance evaluations, and continuous improvement initiatives will be part of your regular responsibilities. In case of supplier-related issues or disputes, you will be expected to resolve them efficiently. You will also analyze and optimize procurement costs, identifying cost-saving opportunities through supplier negotiations or process improvements. Developing and managing budgets for procurement projects will be crucial, along with maintaining accurate records of procurement transactions and contracts. Ensuring compliance with company policies, laws, and regulations, as well as managing and tracking procurement-related documentation, will be part of your daily tasks. This full-time position offers benefits such as commuter assistance, health insurance, and Provident Fund. The work schedule is during the day shift with fixed hours, and performance bonuses and yearly bonuses are provided. The work location for this position is in Vasai, Maharashtra, with an expected start date of 01/07/2025. You are required to work in person to fulfill the duties effectively.,