Job Description

Role & responsibilities 1. Strategic Planning: Develop and implement procurement strategies to support the company's growth objectives for domestic and Import items. Align procurement activities with overall business goals and project timelines. 2. Strategic Sourcing: Identify and source new products from domestic and global companies Source alternate products relevant to business from domestic and global sources 3. Supplier Management: Identify, evaluate, and select suppliers based on quality, cost, and reliability. Establish and maintain strong relationships with key suppliers to ensure a stable supply chain. Negotiate contracts to secure favorable terms and conditions. 4. Cost Management: Monitor and control procurement costs to stay within budget. Implement cost-saving initiatives without compromising on quality. Conduct regular reviews and renegotiations of supplier contracts. 5. Risk Management: Identify potential risks in the supply chain and develop mitigation strategies. Diversify the supplier base to avoid dependency on single sources. Ensure contingency plans are in place for potential disruptions. 6. Process Efficiency: Streamline procurement processes using advanced software and tools. Automate tasks to reduce manual errors and improve efficiency. Train the procurement team on new systems and processes. 7. Quality Assurance: Ensure all procured materials and services meet quality standards. Establish stringent quality control processes and conduct regular supplier audits. Address any quality issues promptly to maintain high standards. 8. Team Leadership: Lead and mentor the procurement team, fostering a culture of continuous improvement and collaboration. Invest in ongoing training and development for team members to enhance their skills and knowledge. Encourage the team to attend industry conferences and workshops. 9. Collaboration and Communication: Foster strong collaboration with other departments such as finance, projects, stores and pre-sales. Ensure clear communication channels to align procurement activities with overall business goals. 10. Performance Measurement: Establish key performance indicators (KPIs) to measure procurement efficiency. Monitor and report on KPIs to identify areas for improvement and make data-driven decisions. Continuously review and refine procurement processes to enhance efficiency and effectiveness. Skills/Competencies Verbal and written communication skills Interpersonal skills and the ability to deal confidently with a range of people at all levels Planning and organizational skills, with the ability to priorities workload, deal with conflicting demands and meet tight deadlines Ability to work successfully as part of several teams with differing agendas and objectives Ability to apply tact and discretion in the handling of sensitive material and confidential information. Should possess excellent negotiation, networking, and analytical skills Creative problem-solving and analytical skills Knowledge of sourcing and procurement techniques Vendor Issues Management Document Management Understanding Customers requirements Supplier Performance Evaluation Team work Quality plan awareness Decision making New Vendor Development Understanding Of E-Procurement Education and/or Work Experience: Degree/Diploma : BE Mechanical Engineering + MBA Years of Experience 12 years +