Materials Sourcing Specialist

6 days ago

Vizag, Andhra Pradesh, India beBeeProcurement Full time ₹ 13,24,610 - ₹ 19,86,913
Job Title: Procurement Specialist

We are seeking an experienced Procurement Specialist to join our team. This is a critical role that requires a strong understanding of procurement processes and the ability to negotiate with suppliers to secure the best terms.

Key Responsibilities:

  • Develop and execute procurement strategies for raw materials, including HRC, coated steel, and hot rolled plates, based on production demands and market conditions.
  • Identify, evaluate, and negotiate with suppliers and vendors to secure the best terms and maintain a robust supply chain.
  • Issue and manage purchase orders, track deliveries, and resolve any procurement-related issues to ensure the timely availability of materials.
  • Monitor market trends and pricing fluctuations for steel products and adjust purchasing plans accordingly.
  • Collaborate closely with production, quality control, finance, and plant planning teams to align procurement with manufacturing needs and quality standards.
  • Manage inventory levels effectively to balance between availability and cost.
  • Ensure compliance with company procurement policies, safety standards, and regulatory requirements.
  • Maintain accurate procurement documentation and prepare reports on procurement performance, cost savings, and supplier evaluations.
  • Support vendor development and conduct periodic supplier audits for quality and delivery performance.
  • Assist in continuous improvement initiatives in the procurement process to enhance efficiency and cost-effectiveness.

Qualifications & Skills:

  • Bachelor's degree in engineering, Materials Management, Business Administration, or related field.
  • Proven experience in raw material procurement in steel or manufacturing industries, preferably related to construction or heavy engineering.
  • Strong knowledge of HRC, coated steel, hot rolled plates, and supply chain dynamics.
  • Excellent negotiation, communication, and interpersonal skills.
  • Ability to analyse market trends and make data-driven procurement decisions.
  • Proficient in procurement SAP Hana applications.
  • Strong organisational skills with an ability to handle multiple priorities and deadlines.
  • Knowledge of import/export procedures and supplier compliance is a plus.

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