Procurement Specialist / Buyer

Key Responsibilities

- Develop and execute commodity strategies for assigned spend categories, ensuring alignment between global sourcing initiatives and local business requirements.
- Plan, prepare, and independently lead supplier negotiations across varying purchase volumes to achieve targeted cost savings, improved commercial terms, and optimized payment conditions.
- Manage supplier contracts and commercial agreements to ensure business continuity, mitigate supply risks, and support organizational objectives.
- Champion sustainability initiatives and digital transformation projects within the procurement function.
- Maintain a strong understanding of commodity cost structures and proactively identify opportunities for cost optimization and value creation.
- Conduct detailed cost analyses, benchmarking, and cost breakdown assessments to support sourcing decisions and negotiation strategies.
- Collaborate closely with Cost Value Engineering (CVE), New Product Development (NPD), Quality, and Engineering teams to leverage supplier innovation and support product development programs.
- Drive supplier performance management initiatives focusing on quality, delivery, cost competitiveness, and continuous improvement.
- Ensure and drive supply chain governance within department
- Managing and Coordinating service contract activities
- Drive central procurement initiatives for the department like supplier performance management, claim management, contract management





Desired Skills & Qualifications

- Bachelor's Degree in Mechanical Engineering, Electrical Engineering, or a related discipline.
- 8–10 years of relevant experience in Procurement, Strategic Sourcing, or Buyer roles within manufacturing or engineering industries.
- Robust experience in sourcing and procurement of Electrical and Mechanical Assemblies and related components.
- In-depth knowledge of procurement processes, including RFQs, supplier assessment and selection, contract management, and commercial negotiations.
- Hands-on experience with e-Sourcing platforms, procurement tools, Sustainability and digital procurement processes.
- Demonstrated ability to drive supplier performance improvements through effective supplier relationship and performance management.
- Strong stakeholder management, collaboration, communication, and cross-functional teamwork skills.
- Innovative and strategic mindset with expertise in vendor development, supply continuity, quality assurance, risk management, and cost optimization.
- Strong analytical capabilities with proficiency in cost modelling, market intelligence, and spend analysis.

Key Competencies

- Strategic Sourcing & Commodity Management
- Supplier Negotiation & Contract Management
- Risk Management & Supply Continuity
- Sustainability & Digital Procurement
- Stakeholder Management & Cross-functional Collaboration
- Supplier Development & Performance Improvement

📌 Procurement Specialist / Buyer (Mumbai)
🏢 Recognized
📍 Mumbai