
Procurement Expert Wanted
2 days ago
To oversee the procurement function by developing and executing effective sourcing strategies, ensuring timely and cost-effective procurement of materials, equipment, and services required for project execution.
Key Responsibilities:
- Sourcing Strategy Development:
- Develop and implement procurement strategies aligned with business objectives and project timelines.
- Bulk Buying & Contract Management:
- Drive bulk buying and project-based procurement for long lead items and engineered bought-outs.
- E-Auctioning & Benchmarking:
- Establish rate contracts, manage e-auctioning platforms, and oversee price benchmarking for strategic categories.
- Cost Optimization:
- Analyze spend data and identify cost optimization opportunities using Power BI, ERP, and MS Excel.
Operational Procurement:
- Oversee day-to-day procurement of project materials including Fabrication & Critical bought-out items
- Ensure timely delivery of materials to meet project schedules across multiple sites and units.
- Vendor Management:
- Manage bank guarantees, letters of credit (LCs), and ensure compliance with financial risk mitigation tools.
Systems & Tools:
- Lead adoption and improvement of procurement processes on ERP, PLM, DPT, and data analytics through Power BI dashboards.
- Ensure procurement records, approvals, and documentation are accurate and audit-ready.
Required Skills & Qualifications:
- Strong knowledge of project procurement, rate contracting, and e-auctions.
- Familiarity with technical specifications of EPC/APC projects and bought-out items.
- Proficiency in ERP systems (e.g., SAP/Oracle), MS Excel (advanced), Power BI, and PLM platforms.
- Knowledge of commercial terms, INCO terms, BG/LCs, and import/export documentation.
Risk Management & Compliance:
- Ensure all procurement activities comply with ethical standards and legal requirements.
- Identify risks in the supply chain and develop mitigation strategies.
- Manage contracts, licenses, and documentation related to procurement.
KPIs & Performance Indicators:
- On-time material availability for projects
- Procurement cost savings vs. budget
- Rate contract/E-auctioning coverage
- Vendor performance index (OTIF, quality, responsiveness)
- Contract closure and claim resolution time
- Internal and external audit compliance
- Team engagement and capability development
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