Procurement Strategist for Engineering
1 month ago
About the Position: We are seeking an experienced Purchase Manager to lead procurement activities for our engineering projects.
Key Responsibilities:
- Strategic Procurement: Develop and implement effective procurement strategies to ensure timely delivery, cost-effectiveness, and quality of engineering requirements.
- Vendor Management: Build and maintain strong relationships with suppliers to ensure high standards of quality, reliability, and cost efficiency.
- P2P Cycle Management: Manage the full procure-to-pay (P2P) cycle, ensuring compliance with internal policies and procedures.
- CAPEX and Service Contract Management: Administer CAPEX procurement, handle service contracts, and ensure all equipment, machinery, and services meet project specifications and budgetary constraints.
- Cost Control and Budgeting: Implement cost-saving initiatives and strategies to optimize procurement costs without compromising on quality. Monitor and manage project budgets, analyze spending trends, and ensure adherence to financial targets.
- Compliance and Documentation: Ensure procurement activities comply with relevant policies, legal requirements, and industry standards. Maintain accurate records of procurement processes, contracts, supplier evaluations, and financial transactions.
- Stakeholder Communication and Reporting: Collaborate with internal teams to understand project needs, provide regular updates, and address procurement-related inquiries. Prepare and present procurement reports, updates on project purchases, and any potential risks or delays to senior management.
Requirements:
- Bachelor's degree in Engineering (Mechanical, Chemical, or Electrical).
- 7-10 years of experience in project procurement, preferably in large-scale engineering or industrial projects.
- Strong understanding of the P2P cycle, CAPEX procurement, and service contract management.
- Excellent communication skills (verbal and non-verbal) for effective interaction with stakeholders and vendors.
- Proficiency in negotiation, vendor management, and procurement software/tools.
Location: Pune, India.
Estimated Salary Range: ₹25,00,000 - ₹40,00,000 per annum.
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