Senior Procurement Specialist

1 week ago

Chennai, Tamil Nadu, India beBeeProcurement Full time ₹ 25,00,000 - ₹ 30,00,000

Job Summary:


A key role in our organization is available for an experienced Purchase Executive to oversee the procurement process and develop strategic relationships with vendors.


Key Responsibilities:


1. Negotiate and manage vendor contracts to secure optimal pricing and delivery terms.
2. Conduct thorough assessments of vendor performance, evaluating factors such as quality, technology improvement rate, timely delivery, and credit terms.
3. Oversee the replenishment of stock items by coordinating with vendors and scrutinizing purchase indents for materials.
4. Collaborate with vendors to develop new products, negotiate prices, and optimize supply chain operations.
5. Identify and develop new vendors to reduce costs and minimize lead times.
6. Develop alternative sources of supply to ensure a stable and efficient procurement process.
7. Participate in corporate-wide projects related to sourcing, cost reduction, systems audit, single source development, vendor rationalization, and supplier relationship management.
8. Plan and execute monthly and quarterly procurement strategies, forecasting demand, and managing open PO's and PR's.
9. Monitor inventory levels, ensuring minimal stockouts and optimizing storage capacity.
10. Finalize delivery schedules with vendors to meet business objectives.

Functional Area:


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