Procurement Engineer

Job Objectives:

The Procurement Engineer investigates the market with pre-defined specifications and performance test
requirements to facilitate procurement of parts and equipment. They will analyze technical and commercial
data and conduct thorough RFQ comparison between suppliers to achieve the optimal outcome for PSI. The
Procurement Engineer will issue orders, track and expedite deliveries, and help to develop the performance
of existing suppliers.

Responsibilities and duties:

Identifying all the requirements from requisitions issued by service, project or engineering department

Create and maintain request for quotations, with effective comparison between bids

Timely ordering of equipment, materials and systems complying to Quality, Budget and Specification

requirements.

Ensure timely tracking and expediting of all materials to ensure material availability

Ensure suppliers are appropriately measured and developed to improve delivery performance, quality

and cost improvement.

Measure and track Purchase Price Variance for key materials and commodities

Ensuring that all procurement processes comply with the ISO Standards.

Assist with contract negotiation for key suppliers

Provide suppliers with key feedback including delivery performance, quality, average lead times, and

cost variance.

Drive cash flow improvement related to Payment Terms, Lead Times, Consignment stock and

Purchase Price Improvement related to key suppliers.

Develop and maintain good relationship with suppliers and subcontractors.

Maintain company reputation & credibility by fair dealings.

Manages the periodic reevaluation of suppliers

Perform other related tasks as assigned by the immediate Supervisor/Manager.

Accountabilities:
Develop, implement and drive the procurement strategies in order to meet cost savings targets.

Qualifications:
Bachelors Degree in Engineering or any related course.

Years of Experience:
Minimum of 3 years in Industrial/Manufacturing Field

Skill Set:
Experience in an engineering, procurement and operations
Effective verbal and written communication skills
Proficiency with ERP systems and networking
Ability to analyze bills of material and drawings to understand key requirements
Knowledge and direct experience in negotiating contracts and quotations with Contract
Manufacturers and Suppliers
Ability to identify cost reduction opportunities.

Communication and Interaction:
Internal: Staff, Supervisors, Managers
External: Suppliers