Purchasing Executive

Key Skills:

• Strong technical knowledge of mechanical engineering principles and manufacturing processes.
• Excellent negotiation and communication skills.
• knowledge of supplier management, vendor development, and cost reduction.
• Ability to analyze data and identify areas for improvement.
• Strong problem-solving and analytical skills.
• Proficiency in Microsoft Office Suite and relevant software.
• Knowledge of relevant quality standards and regulations.
• Proficiency in CAD, knowledge of sheet metal fabrication techniques (cutting, bending), and an understanding of industry standards and compliance

Key Responsibilities:

• Supplier Identification and Evaluation:
• Identify potential suppliers based on technical requirements, quality standards, and cost-effectiveness.
• Conduct thorough assessments of supplier capabilities, including manufacturing processes, quality control systems, and financial stability.
• Evaluate supplier proposals and negotiate contracts, ensuring favorable terms and conditions.
• Vendor Development and Improvement:
• Collaborate with suppliers to identify areas for improvement in their processes, quality, and delivery performance.
• Provide technical support and guidance to suppliers to enhance their capabilities and meet the company's requirements.
• Implement supplier development programs, including training, workshops, and knowledge sharing initiatives.
• Cost Reduction and Optimization:
• Analyze the cost structure of products and identify opportunities for cost reduction through value engineering, process optimization, and material sourcing.
• Negotiate with suppliers to achieve competitive pricing and favorable payment terms.
• Implement cost-saving initiatives throughout the supply chain, such as reducing lead times, improving inventory management, and optimizing logistics.
• Supplier Relationship Management:
• Build and maintain strong relationships with key suppliers, fostering open communication and collaboration.
• Manage supplier performance, track key metrics, and address any performance issues proactively.
• Conduct regular performance reviews and provide constructive feedback to suppliers.
• Cross-functional Collaboration:
• Work closely with internal teams, including engineering, manufacturing, procurement, and quality, to ensure alignment and effective communication.
• Collaborate with other departments to identify and implement cost-saving opportunities throughout the product lifecycle.

Experience : 2-3 years