Procurement Specialist

4 weeks ago

Hyderabad, Telangana, India 3AK Chemie Pvt Ltd Full time
Job Title: Procurement Specialist

At 3AK Chemie Pvt Ltd, we are seeking a highly skilled Procurement Specialist to join our team. The successful candidate will be responsible for managing the procurement process for various chemicals, ensuring compliance with industry standards and regulations.

Key Responsibilities:
  1. Procurement of Chemicals: Manage the procurement process for various chemicals, ensuring compliance with industry standards and regulations.
  2. Vendor Sourcing: Identify and evaluate potential vendors to build a reliable supplier base, focusing on quality, cost-effectiveness, and reliability.
  3. Vendor Relationship Management: Establish and maintain strong relationships with vendors, negotiating contracts and terms to secure favorable conditions and ensure supplier performance meets expectations.
  4. Market Analysis: Conduct market research to remain informed about industry trends, pricing fluctuations, and emerging suppliers to refine procurement strategies.
  5. Inventory Management: Collaborate with inventory management teams to maintain optimal stock levels, minimizing shortages and excess inventory.
  6. Cost Management: Analyze procurement costs and identify opportunities for savings through strategic sourcing and effective negotiation.
  7. Compliance and Risk Management: Ensure compliance with legal and regulatory requirements in procurement activities and manage risks associated with vendor contracts and relationships.
  8. Collaboration with Internal Teams: Work closely with cross-functional teams, including production, quality assurance, and finance, to align procurement strategies with overall business objectives.
  9. Performance Metrics: Develop and monitor key performance indicators (KPIs) for procurement activities to assess vendor performance and identify areas for improvement.
Requirements:
  1. Experience in Chemical Procurement: A proven track record in the procurement of various chemicals, particularly within the paint, chemical, or pharmaceutical industries.
  2. Vendor Management Skills: Strong skills in vendor sourcing, negotiation, and relationship management.
  3. Analytical Skills: Excellent analytical abilities to evaluate market trends and supplier performance effectively.
  4. Communication Skills: Strong verbal and written communication skills for effective collaboration with vendors and internal teams.
  5. Negotiation Skills: Proven ability to negotiate contracts and terms to achieve optimal outcomes for the organization.
  6. Team Collaboration: Experience working in a collaborative environment with cross-functional teams.
  7. Graduation Degree: A bachelor's degree in a relevant field is required.
  8. Strategic Thinking: Ability to develop long-term procurement strategies that align with business goals and market conditions.
  9. Project Management: Strong project management skills to oversee procurement initiatives and ensure timely completion.
  10. Problem-Solving Skills: Proficiency in identifying issues and implementing effective solutions quickly.
  11. Technical Proficiency: Familiarity with procurement software and tools, as well as Excel and data analysis software for tracking and reporting.
  12. Financial Acumen: Understanding of budgeting and financial principles to manage procurement budgets effectively.
  13. Negotiation and Persuasion: Advanced negotiation skills to secure favorable terms and persuade stakeholders.
  14. Attention to Detail: A keen eye for detail to ensure accuracy in procurement processes and documentation.
  15. Risk Assessment: Ability to identify and assess risks associated with suppliers and procurement processes.
  16. Adaptability: Flexibility to adapt to changing market conditions and internal business requirements.
  17. Knowledge of Supply Chain Management: Understanding the principles of supply chain management to optimize procurement strategies.
  18. Cultural Awareness: Sensitivity to cultural differences when dealing with international vendors, which can influence negotiations and relationships.
  19. Networking Skills: Ability to build and maintain a network of contacts in the industry for insights and opportunities.
Benefits:

· Competitive market standard salaries.
· Comprehensive medical benefits.
· Commute assistance.
· Five-day working week.
· Statutory benefits as per regulations.

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