Sourcing and Procurement Specialist
17 hours ago
Innovassynth is a Custom Research & Manufacturing Organization (CRDMO) and a part of Rajan Raheja Group, an Indian conglomerate with diversified business interests.
The company has a culture of excellence driven by passion and commitment to create brighter possibilities through chemistry.
With over two decades of experience, Innovassynth has evolved as a one-stop solution provider for a diversified portfolio of chemicals.
Job DescriptionWe are seeking a highly skilled Sourcing and Procurement Specialist to join our Supply Chain team.
The ideal candidate will be responsible for sourcing, negotiating, and procuring engineering products, including spare parts, machinery, glassware, reactors, electrical components, and other technical equipment.
The role will also involve managing the CapEx requirements, ensuring timely and cost-effective procurement of materials and equipment.
The successful candidate will need to be a strategic thinker with strong negotiation skills, an understanding of engineering products, and a track record in managing both direct and indirect purchasing.
Key Responsibilities:- Manage the full procurement lifecycle for engineering goods, including sourcing, negotiating, purchasing, and coordinating deliveries of equipment, spare parts, machinery, reactors, and electrical components.
- Build and maintain relationships with existing suppliers, identify new suppliers, and evaluate vendor performance.
- Develop and implement sourcing strategies to reduce costs, improve quality, and streamline procurement processes.
- Lead negotiations with suppliers to obtain the best possible pricing, payment terms, and delivery schedules.
- Collaborate with internal stakeholders to identify and plan CapEx requirements for new plant setups and expansions.
- Bachelor's degree in engineering or related field. An MBA in Supply chain management would be an added advantage.
- 8-10 years of experience in procurement, with a strong focus on purchasing engineering products, spare parts, and indirect materials.
- Strong understanding of engineering products, mechanical, electrical, and industrial equipment.
- Exceptional negotiation skills with a demonstrated ability to secure favorable terms and pricing.
- Proven ability to establish and maintain relationships with suppliers, including those in international markets.
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