Procurement Engineer

1 day ago

Visakhapatnam, India Adhyanta Engineering Full time

Job Summary:
The Procurement Engineer is responsible for the efficient and cost-effective procurement of materials, equipment, and services necessary for turnkey projects related to Mechanical, Electrical, Electronics, Fabrication and Procurement for the Marine, Defence and Aerospace Industry. This role involves managing contracts, negotiating terms, and ensuring compliance with industry standards and company policies.

Key Responsibilities:
1. Procurement Management:
- Develop and implement procurement strategies for projects in the hydrocarbon and
petroleum industry.
- Source, evaluate, and select suppliers and subcontractors based on project requirements
and company policies.
- Prepare and issue Request for Quotations (RFQs), Request for Proposals (RFPs), and
Purchase Orders (POs).
- Manage the procurement process from requisition to delivery, ensuring timely and cost-
effective acquisition of materials and services

  • Provide regular updates on procurement status, potential risks, and mitigation strategies.

  • Ensure alignment between procurement activities and project timelines and budgets.

  • Contract Management:

  • Draft, review, and negotiate contracts with suppliers, vendors, and subcontractors.
  • Ensure all contracts comply with legal, regulatory, and company requirements.
  • Monitor contract performance, ensuring adherence to terms and conditions.

  • Resolve any contractual disputes or issues that arise during the project lifecycle.

  • Supplier Relationship Management:

  • Build and maintain strong relationships with key suppliers and subcontractors.
  • Conduct regular performance evaluations and assessments of suppliers.

  • Negotiate favourable terms and conditions to achieve cost savings and operational
    efficiency.

  • Compliance and Risk Management:

  • Ensure all procurement activities comply with industry standards, safety regulations, and
    company policies.

  • Identify and mitigate potential risks associated with procurement and contract management.

  • Maintain accurate and up-to-date records of all procurement and contract activities.

Qualifications:

  • Bachelor's degree in Mechanical Engineering/ Electronics.
  • Minimum of 5-7 years of experience in procurement and contract management, preferably in the field of defence and aerospace.

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