Materials Sourcing Specialist

22 hours ago


Hubli, Karnataka, India beBeeProcurement Full time ₹ 10,00,000 - ₹ 16,00,000

Purchasing Executive Job Description

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The Purchasing Executive plays a critical role in procuring high-quality goods and services that meet the company's needs. This position requires strong technical knowledge of mechanical engineering principles and manufacturing processes, as well as excellent negotiation and communication skills.

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Key Responsibilities:

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  • Supplier Identification and Evaluation: \
  • Identify potential suppliers based on technical requirements, quality standards, and cost-effectiveness. \
  • Conduct thorough assessments of supplier capabilities, including manufacturing processes, quality control systems, and financial stability. \
  • Evaluate supplier proposals and negotiate contracts, ensuring favorable terms and conditions. \
  • Vendor Development and Improvement: \
  • Collaborate with suppliers to identify areas for improvement in their processes, quality, and delivery performance. \
  • Provide technical support and guidance to suppliers to enhance their capabilities and meet the company's requirements. \
  • Implement supplier development programs, including training, workshops, and knowledge sharing initiatives. \
  • Cost Reduction and Optimization: \
  • Analyze the cost structure of products and identify opportunities for cost reduction through value engineering, process optimization, and material sourcing. \
  • Negotiate with suppliers to achieve competitive pricing and favorable payment terms. \
  • Implement cost-saving initiatives throughout the supply chain, such as reducing lead times, improving inventory management, and optimizing logistics. \
  • Supplier Relationship Management: \
  • Build and maintain strong relationships with key suppliers, fostering open communication and collaboration. \
  • Manage supplier performance, track key metrics, and address any performance issues proactively. \
  • Conduct regular performance reviews and provide constructive feedback to suppliers. \
  • Cross-functional Collaboration: \
  • Work closely with internal teams, including engineering, manufacturing, procurement, and quality, to ensure alignment and effective communication. \
  • Collaborate with other departments to identify and implement cost-saving opportunities throughout the product lifecycle.


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