Procurement and Cost Optimization Specialist
3 days ago
We are seeking a highly skilled Procurement and Cost Optimization Specialist to join our team at Tata Technologies. As a key member of our procurement team, you will be responsible for sourcing and costing proprietary parts.
Key Responsibilities- IDentify and evaluate potential suppliers based on quality, cost, and delivery capabilities.
- Engage in discussions with suppliers to negotiate terms and conditions, ensuring the best possible deals.
- Create agreements with key suppliers, including terms such as warranty, PVC, and LD.
- Conduct supplier audits and assessments to ensure compliance with company standards.
- Finalize supplier contracts and agreements, ensuring all terms are clearly defined.
- Maintain strong relationships with key suppliers to ensure long-term partnerships.
- Create and manage purchase orders accurately and promptly.
- Oversee the invoicing process, ensuring timely payment release to suppliers.
- Monitor part readiness and quality standards, coordinating logistics and dispatch.
- Manage issues related to part readiness or dispatch, resolving them promptly.
- Track and evaluate supplier performance based on quality, delivery time, and cost.
- Good analytical skills, cost evaluation, and negotiation skills.
- Good knowledge of manufacturing processes and hands-on experience dealing with proprietary suppliers.
- Able to coordinate with multiple teams located at multiple locations.
- Category management, negotiation, cost optimization, spend management, and low-cost country cost database knowledge.
Estimated Salary: ₹10,00,000 - ₹15,00,000 per annum
This is a fantastic opportunity to grow your career in procurement and cost optimization. If you have a passion for identifying cost-saving opportunities and building strong relationships with suppliers, we encourage you to apply.
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