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Senior Procurement Specialist
2 weeks ago
Position Overview
A key member of our organization, the Procurement Lead will play a vital role in managing and optimizing procurement processes, focusing on strategic sourcing for materials related to Sponge Iron, Power Plant, and Steel Melting Shop (SMS).
This includes identifying and evaluating potential suppliers, negotiating contracts, and establishing long-term partnerships.
Key Responsibilities:
1. Strategic Sourcing: Develop and implement effective sourcing strategies for critical materials, analyzing market trends and pricing to secure favorable terms.
2. Vendor Management: Oversee relationships with existing and potential suppliers, ensuring quality, reliability, and cost-effectiveness through regular evaluations and performance reviews.
3. Cost Optimization: Analyze market trends and negotiate agreements that balance cost savings with product quality.
4. Material Planning: Collaborate with production teams to understand material requirements and ensure timely availability, maintaining optimal inventory levels for operational efficiency.
5. Compliance and Quality Assurance: Ensure procurement activities adhere to relevant regulations and industry standards, collaborating with quality assurance teams to maintain high-quality standards in acquired materials.
6. Team Leadership: Lead, mentor, and motivate the procurement team to achieve departmental goals, fostering a collaborative and results-driven work environment.
7. Negotiation and Contract Management: Conduct negotiations with suppliers to secure advantageous terms, drafting and reviewing contracts to protect organizational interests.
8. Risk Management: Identify and mitigate potential risks associated with the procurement process, developing and implementing risk management strategies.
