Raw Materials Acquisition Specialist

2 weeks ago

Rajkot, Gujarat, India beBeeProcurement Full time ₹ 12,00,000 - ₹ 20,00,000
Procurement Specialist

Job Summary:

The Procurement Specialist is responsible for overseeing the acquisition of essential materials. This role involves developing strategies, managing supplier relationships, ensuring cost-effectiveness, and maintaining quality and timely delivery.

Key Responsibilities:

  • Review Purchase Requisitions and float RFQ as per plan received from planning team.
  • Prepare comparative quote sheets, negotiate best prices and issue PO to L1 as per approval of AVP & VP Procurement.
  • Follow Procurement SOP.
  • Ensure timely delivery of material (OTIF), diligence in follow-ups with suppliers, ensure timely payments, vendor reconciliations etc.

Strategic Development:

  • Develop and implement procurement strategies for raw materials to ensure cost-effectiveness and efficiency.
  • Analyze market trends and identify potential risks and opportunities in the raw materials market.

Supplier Management:

  • Identify, evaluate, and select suppliers based on quality, cost, and delivery capabilities.
  • Build and maintain strong relationships with suppliers and negotiate favourable terms and conditions.
  • Monitor supplier performance and address any issues or concerns promptly.

Cost Management:

  • Manage the procurement budget and ensure compliance with financial targets.
  • Implement cost-saving initiatives and continuously seek opportunities to reduce procurement costs.

Quality Assurance:

  • Ensure that all raw materials procured meet the required quality standards and specifications.
  • Collaborate with the Quality Assurance team to address any quality issues and implement corrective actions.

Inventory Management:

  • Work closely with the Inventory Management team to ensure optimal stock levels of raw materials.
  • Implement inventory control measures to minimize wastage and reduce excess stock.

Compliance and Risk Management:

  • Ensure compliance with all relevant regulations and company policies.
  • Identify potential risks in the procurement process and develop mitigation strategies.

Qualifications:

  • Master's degree in supply chain management, Business Administration, or a related field.
  • Minimum of 5 years of experience in procurement, with a focus on raw materials.
  • Strong knowledge of procurement principles, practices, and strategies.
  • Excellent negotiation and communication skills.
  • Proven ability to manage supplier relationships and build strong partnerships.
  • Strong analytical and problem-solving skills.
  • Proficiency in procurement software and tools.

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