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Senior Procurement Manager

3 months ago

India Elecbits Full time

Elecbits a tech-enabled B2B platform that helps Electronics Enterprises to go from an idea to a shelf ready, commercial Electronics Product. We cover the end-to-end intricacies involved in the Electronics product development & manufacturing cycle using 25+ micro-services on our platform.

Key Responsibilities

● Procurement Managers are responsible for identifying potential suppliers, conducting due diligence, and selecting those that can provide the required materials or components.

● Involves in creating and implementing strategies to obtain materials and components at the best possible cost without sacrificing quality. It may include negotiating bulk discounts, exploring alternate sourcing options, or leveraging long-term contracts.

● Quality Assurance and Supplier Compliance: Ensuring that suppliers meet quality standards and regulatory requirements is crucial.

● Lead Time Management and On-Time Deliveries: Procurement Managers collaborate with suppliers to minimize lead times, ensuring that materials and components arrive on time to meet production schedules.

● Procurement Managers assess these risks and develop contingency plans to mitigate their impact on production.

● To prepare and manage the procurement budget, ensuring that expenses align with the financial plan.

● Negotiating contracts and agreements with suppliers is a core responsibility.

● Regularly assessing supplier performance using key performance indicators (KPIs) such as quality metrics, delivery punctuality, and cost-effectiveness. This evaluation helps in maintaining high supplier standards.

● Effective communication and collaboration with other departments, such as production, engineering, and finance, are crucial.

Must Have Skills

● Bachelor's degree in supply chain management, business administration, or a related field.

● 5+ years of relevant experience in procurement, with a track record of increasing responsibility.

● Familiarity with the EMS industry and electronic component sourcing.

● Expertise in cost analysis and cost-effective procurement strategies.

● Proven ability to establish and manage strong relationships with suppliers.

● Excellent communication and interpersonal skills for effective collaboration.

● Strong negotiation skills for securing favorable terms with suppliers.

● Proficiency in data analysis tools for informed decision-making.

● Knowledge of supply chain processes, including inventory management and logistics.

● Experience in identifying and mitigating supply chain risks.