Key Responsibilities
- 1. Procurement & Sourcing
- Identify, evaluate and develop current vendors based on quality, cost and delivery requirements.
- Prepare RFQs, obtain quotations and negotiate commercial terms.
- Create and release Purchase Orders (POs).
- Ensure timely sourcing of materials as per production requirements.
- Drive cost reduction and value engineering initiatives.
- Manage rate contracts and annual price agreements. 2. Supplier & Vendor Management
- Monitor supplier performance in terms of Quality, Cost and Delivery (QCD).
- Follow up with suppliers to ensure on-time material delivery.
- Coordinate and resolve supplier-related issues.
- Conduct vendor evaluations, qualifications and audits.
- Develop alternate suppliers to ensure supply continuity. 3. Inventory & Material Planning
- Monitor inventory levels and plan material replenishment.
- Control non-moving and slow-moving inventory.
- Coordinate with Production, Stores and Planning teams.
- Ensure uninterrupted availability of materials for production. 4. Commercial & Financial Activities
- Conduct price comparisons and cost analysis.
- Verify supplier invoices and coordinate payment follow-ups.
- Manage advance payments and commercial documentation.
- Ensure budget adherence and procurement cost control. 5. MIS & Coordination
- Coordinate with Engineering, Quality, Production, Finance and SCM teams.
- Prepare procurement MIS reports and dashboards.
- Track pending POs, material deliveries and supplier commitments.
- Prepare management review presentations and procurement reports. 6. Compliance & Documentation
- Maintain procurement records, contracts and vendor documentation.
- Ensure compliance with company procurement policies.
- Manage vendor agreements and statutory documents.
- Support internal and external audits and implement corrective actions. Key Performance Indicators (KPIs):
- On-Time Delivery (OTD)
- Purchase Cost Savings
- Inventory Turnover
- Supplier Performance Rating
- PR-to-PO Cycle Time
- Material Availability for Production Required
Skills:
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- Procurement & Sourcing
- Purchase Management
- Vendor Development & Management
- Vendor Audit
- SAP / SAP HANA
- RFQ & Price Negotiation
- Inventory Management
- MIS Reporting
- Subcontract Management