
Procurement and Sourcing Leader
15 hours ago
Job Title: Procurement and Sourcing Specialist
About the Role:
This is a leadership position responsible for optimizing the procurement and sourcing function to achieve cost efficiency, quality sourcing, timely delivery, and process compliance in line with business goals.
Key Responsibilities:
- Strategic Procurement & Vendor Management:
- Develop and implement procurement strategies aligned with organizational objectives.
- Identify, evaluate, and onboard reliable vendors and suppliers for raw materials, components, electricals, fabrication items, and services.
- Build strong relationships with vendors to ensure cost-effective procurement without compromising quality and timelines.
- Lead contract negotiations and annual rate contracts with key suppliers.
- Manage the end-to-end sourcing process including RFQs, comparative analysis, negotiations, purchase orders, and delivery tracking.
- Coordinate closely with R&D, Production, and Quality teams to ensure timely availability of parts for new and existing products.
- Ensure procurement of materials as per BOM and project requirements within defined lead times.
- Collaborate closely with Stores, Finance, QA/QC, and Project Management teams for smooth operations.
- Drive cost-saving initiatives through alternate sourcing, supplier consolidation, and volume leveraging.
- Monitor market trends, price movements, and raw material index to plan strategic buying.
- Ensure adherence to procurement policies, documentation, and audit compliance.
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