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Procurement Specialist
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We are seeking a skilled professional to join our procurement team in a full-time capacity. This role will be based at our corporate office in Hyderabad.
- Receive and review bill of materials from the design department, and request quotations from various vendors.
- Create a detailed cash flow plan to support project requirements, including regular updates on costs incurred.
- Analyze and compare quotations, and submit recommendations to management for decision-making purposes.
- Issue purchase orders to vendors with agreed-upon payment terms and delivery conditions.
- Collaborate with the accounts team to ensure timely releases of advances and payments to vendors as per agreed-upon terms.
- Maintain open communication with vendors to guarantee timely material delivery.
- Coordinate with vendors for material inspection upon readiness.
- Monitor vendor performance and track deliveries to ensure compliance with agreements.
- Enter vendor invoices into our SAP system for accurate tracking and reporting.
- Provide weekly financial project progress reports to management.
- Maintain an up-to-date database of vendors for easy reference and future use.
- A graduate degree in Electrical or Mechanical Engineering, with 7-10 years of experience in procurement.
- Proven knowledge of manufacturing processes, raw materials, and product applications.
- Excellent negotiation, analytical, and problem-solving skills.
- Proficiency in MS Office, SAP, and analytics software.
- Familiarity with product specifications, functions, and manufacturers.
- Detailed understanding of manufacturing processes and raw materials.
