Job Requirements
Scope
To manage the procurement of materials and equipment required for business operations by ensuring the best quality, timely delivery, and cost-effective purchasing.
Procurement Activities
Receive and review purchase indents from various departments.
Identify, evaluate, and select the suitable suppliers and vendors.
Get and compare quotations from two or more vendors to ensure competitive pricing.
Negotiate pricing, payment terms, and delivery schedules to achieve the best value for the organization.
Prepare, process, and track POs.
Develop and maintain a reliable vendor database.
Build and maintain solid relationships with suppliers and service providers.
Resolve supply-related issues, shortages, and discrepancies in a timely manner.
Source alternative suppliers and products to ensure uninterrupted material availability.
Cost Management
Achieve cost savings through effective negotiations and strategic sourcing.
Monitor market trends, material availability, and pricing fluctuations.
Identify alternative sourcing opportunities to improve cost efficiency.
Support CAPEX and project procurement requirements as per business needs.
Coordinate with stores, production, maintenance, and project teams to understand material requirements.
Ensure timely procurement to avoid stock-outs and production interruptions.
Monitor inventory levels and initiate procurement based on reorder requirements.
Optimize inventory carrying costs while maintaining adequate stock levels.
Documentation & Compliance
Maintain procurement records, purchase orders, and related documentation accurately.
Ensure compliance with company procurement policies and procedures.
Verify quotations, invoices, delivery challans, and supporting documents before processing.
Maintain accurate procurement data and records in SAP/ERP systems.
Support internal, external, and statutory audits by providing required procurement documentation.
Ensure all procurement transactions are properly authorized a
📌 TEAL-Engineer Project (Hosur)
🏢 Titan
📍 Hosur