The incumbent will be responsible for the following:
1. Working Capital Management
- Driving Working capital by improving Vendor Payables.
- Negotiating with the Suppliers and Contractors for better payment terms without affecting the cost.
- Encouraging suppliers to go for Cash discounting/ Vendor Finance scheme(VFS) for immediate payment
2. Procurement Strategy
- Revenue - On time procurement of material as per the procurement plan.
-Keeping track of the status of the order as per flow sheet and release orders based on the project team's requirements
- Actual project margin against budget.
- Surpass the target margin increase of the tendered budget by negotiating with Original Equipment Manufacturer (OEMs), dealers, and local vendors
- Preparing Corrective and Preventive Actions (CAPA) for items with margin lesser than the budgeted margin for future reference
- Keeping track of the updated budget sheet.
- Updating with every order's actual price and Engg. quantities.
- Keeping track of negative items separately
3. Supply Chain Management
- Keeping a track/review weekly with Procurement/Project team on the status of the order.
- Releasing orders as per the project team-s requirements and update the flow sheet weekly
- Identifying and empanelling current vendors/labour contractors.
- Studying their past projects, identify strengths/weaknesses, and maintain an updated vendor database zone-wise
- Rating Contract/Rate Card process implementation with selected suppliers and labour contractors for commonly used items
4. Vendor & Supplier Management
-Negotiating directly with Original Equipment Manufacturer (OEMs), dealers, and local vendors from the approved list in the procurement plan to get competitive rates
- Preparing and maintaining International Organization for Standardization (ISO)compliant documents and ensure 100% compliance
- Willingness to travel to project zones to meet and manage vendors/suppliers