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Key Responsibilities:
Strategic Procurement: Develop and implement procurement strategies that align with the company's objectives, ensuring optimal sourcing of raw materials, components, and services.
Vendor Management: Identify, evaluate, and negotiate with suppliers to establish long-term partnerships. Monitor vendor performance and conduct regular assessments to ensure quality and reliability.
Cost Management: Analyse market trends and pricing to secure the best possible terms. Develop and manage budgets for procurement activities to minimize costs without compromising quality.
Inventory Control: Collaborate with inventory management teams to maintain optimal stock levels, ensuring that production is not disrupted due to material shortages. Cross-Functional Collaboration: Work closely with production, quality assurance, and finance teams to understand their needs and provide timely support in material procurement.
Compliance and Risk Management: Ensure compliance with industry regulations and company policies. Identify and mitigate risks associated with procurement activities.
Reporting and Analysis: Prepare regular reports on procurement performance, market trends, and budget variances for senior management. Utilize data analysis to inform decision-making.
Team Leadership: Lead, mentor, and develop the procurement team, fostering a culture of continuous improvement and professional growth.
Candidate Profile:
Bachelor's degree in Supply Chain Management, Business Administration, or a related field; a Master’s degree or relevant certification or Mechanical Engineer / Electrical Engineer is also preferred as they can lead the purchase activities techno-commercially
Minimum 12 years of experience in procurement or supply chain management, preferably in the steel manufacturing or heavy industry.
Strong negotiation skills with a proven track record of achieving cost savings.
In-depth knowledge of procurement processes, market analysis, and supplier management.
Excellent communication and interpersonal skills, with the ability to collaborate effectively across departments.
Proficiency in procurement software and tools, as well as Microsoft Office Suite. Strong analytical and problem-solving abilities.
Job Types: Full-time, Permanent
Pay: ₹900,000.00 - ₹1,500,000.00 per year
Work Location: In person
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