Procurement Executive

3 weeks ago

Pune, India Bulk Mro Industrial Supply Full time

Key Responsibilities:

  • Leadership & Team Management: Lead, mentor, and motivate a team of procurement specialists, providing guidance on best practices, professional development, and performance management.
  • Procurement Strategy: Develop and implement procurement strategies that align with the companys business goals. Identify opportunities for cost savings, process improvements, and risk management in the procurement cycle.
  • Supplier & Vendor Management: Build and maintain strong relationships with suppliers and vendors. Negotiate favorable terms and conditions, review supplier performance, and ensure the highest quality of goods and services is being delivered.
  • Sourcing & Contract Negotiation: Oversee the end-to-end sourcing process, including researching suppliers, requesting bids, negotiating prices, and drafting contracts. Ensure compliance with company policies and legal requirements.
  • Cross-functional Collaboration: Work closely with other departments (e.g., finance, operations, and legal) to understand procurement needs and ensure smooth execution of sourcing plans.
  • Budget & Cost Control: Assist in the development and management of procurement budgets. Track and analyze expenditures, ensuring adherence to budgetary constraints and financial goals.

Qualifications & Skills:

  • Education: Bachelors degree in Business, Supply Chain Management, Procurement, or a related field. A Master's degree or an Engineer.
  • Experience: At least 1 - 2 years of experience in procurement. Experience in managing cross-functional teams and handling complex procurement tasks is essential.
  • Procurement Expertise: Strong knowledge of procurement processes, sourcing, contract negotiation, and supplier relationship management.
  • Negotiation Skills: Proven ability to negotiate effectively with vendors to secure favourable terms and reduce costs.

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