Sourcing Strategist

1 day ago

Hyderabad, Telangana, India beBeeProcurement Full time ₹ 1,00,00,000 - ₹ 1,50,00,000
Job Description

We are seeking a procurement professional with exceptional organizational skills and attention to detail. As a Procurement Specialist, you will play a crucial role in managing procurement operations, ensuring timely delivery of quality materials while optimizing costs.

This opportunity is ideal for those who enjoy strategic planning, negotiating contracts, and building relationships with suppliers and vendors.

Key Responsibilities:
  1. Purchasing & Supply Chain Management
  • Develop and implement procurement strategies to optimize cost, quality, and delivery timelines.
  • Identify, evaluate, and establish relationships with suppliers, manufacturers, and vendors.
  • Negotiate contracts, pricing, and terms with suppliers to secure the best value for our organization.
  • Maintain a supplier database, ensuring continuous assessment of performance and compliance.
Engineering Procurement
  • Collaborate with engineering and project teams to understand technical requirements for materials and equipment.
  • Ensure purchased materials comply with engineering specifications, industry standards, and safety regulations.
  • Review and approve technical documents, material submittals, and compliance certifications.
  • Conduct market research to identify cost-effective alternatives and innovative materials.
Cost Management
  • Monitor procurement budgets and drive cost-saving initiatives without compromising quality.
  • Analyze procurement data and supplier performance to identify cost reduction opportunities.
  • Forecast pricing trends and market fluctuations to mitigate financial risks.
Logistics & Supply Chain Coordination
  • Ensure timely delivery of materials by coordinating with suppliers and logistics teams.
  • Optimize supply chain processes to minimize delays and disruptions.
  • Oversee international and domestic shipping, customs regulations, and import/export requirements.
Risk Management & Compliance
  • Ensure compliance with industry standards and legal requirements.
  • Conduct risk assessments related to procurement, including supplier financial stability and geopolitical risks.
  • Manage contract disputes, warranties, and claims in collaboration with internal stakeholders.
Technology & Reporting
  • Utilize procurement software and ERP systems to streamline purchasing workflows.
  • Generate reports on procurement performance, supplier KPIs, and cost savings.
  • Implement digital tools to enhance procurement efficiency and transparency.

Deliverables & Work Products:

  • RFQs/RFPs & PO Documentation
  • Order Tracking & Delivery Reports
  • Supplier Evaluation & Negotiation Summaries
  • Inventory & Cost Tracking Reports
  • Procurement Compliance & Audit Files

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