To lead procurement operations with a robust 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.
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
7. Compliance & Process Excellence
- Ensure adherence to procurement policies and audit requirements
- Improve procurement processes using ERP systems and analytic