Purchase Specialist

Develop and maintain a commercially sound Vendor base, survey the market for new supply sources including non-traditional ones and maintain Project Approved Vendor List also evaluate vendor performance on continuous basis.

Developing vendor evaluation, vendor assessment and onboarding system

Develop vendor allocation plan for awarding new projects - Allocation of share of business to vendor based on their capabilities, financial strengths, resources etc.

Negotiation with the vendors and finalize the commercial offers as per the project timelines and budgets.

Cost Savings - Achieve the cost savings over the baseline cost as per the plan.

Service Level Agreement (SLA) - Achieve turnaround time for Indent request / RFQ finalization to Vendor PO release advance payment (30 days)

Finalizing Pan India rate contracts for commonly bought out items across regions.

Strengthen the documentation - execute long term sub-contracting agreements with key vendors, review purchase order terms and conditions, document price escalation matters etc.

Release of timely payment to vendors as per the agreed payment terms

Support the Technical teams in cost estimation by providing price and material availability schedules.

Develop Cost and Budgeting principles for standard proposals; establish validation processes for cost increases/decreases linked to benchmark indices.

Ensure the time delivery of material as per the project timelines.

Periodic review of project Billings with Sales and Service heads, addressing Vendor issues faced by regions.

Support in achievement of billing plan as per the budget and projections.

Formulating the purchasing strategies for different type of projects (Large/ medium/ small, Non-standard / standard projects). Approve purchase orders for bigger value procurements as per purchase / Commercial manual. expediting materials and equipment deliveries for job. Develop and implement new purchasing strategies to deliver ongoing cost reductions and process simplification including forecast upcoming demand.

Manage proper materials/equipment inventory to ensure adequate resources for all projects. Maintain relationships with subcontractors and suppliers to continually improve pricing and quality of work.

Monitor and review market conditions and price delivery trends for Project materials and equipment, also research new materials for design and cost savings.

Key Responsibilities:

Vendor management along with Sales Service team Support.

Execute Purchasing Strategies

Manages and keeps track of Inventory

Would be responsible for Market Analysis

Strategic Negotiations for materials, bought outs, customized systems etc.