
Procurement Expert for High-Performance Categories
2 days ago
We are seeking a highly skilled and experienced procurement specialist to join our team. As a key member of our organization, you will be responsible for shaping the strategic direction of our mechanical components category.
Main Responsibilities:
- Create and implement procurement strategies for Mechanical components, parts and accessories to optimize supplier relationships, ensure cost efficiency, and deliver high-quality products on time.
- Develop and execute RFI/RFP/RFQ processes to identify, evaluate, and negotiate with suppliers for optimal sourcing of mechanical components, parts & accessories.
- Foster strong relationships with suppliers to ensure quality, reliability, and cost efficiency, conduct supplier audits and performance reviews to maintain high standards.
- Deploy zero-based costing (ZBC) and should-cost based approaches to thoroughly evaluate and justify procurement costs, ensuring optimal budget utilization.
- Negotiate contracts, pricing, and terms with suppliers to achieve cost savings.
- Collaborate with internal teams, including engineering, operations, and quality, to understand procurement needs, identify new opportunities, and coordinate technical changes.
- Prepare regular reports on procurement performance, including cost savings, vendor performance, and risk management activities.
Qualifications and Skills:
- Bachelor's degree in mechanical engineering or a related field; a master's degree or MBA is advantageous.
- Professional certifications such as CPSM, CPP are beneficial. Proven experience in procurement or category management of mechanical components, parts and accessories; hands-on experience in sourcing and procurement activities of similar categories.
- 7+ years of experience as a mechanical components, parts and accessories category manager in EPC / Engineering companies / Industrial product companies.
Required Skills:
- Understanding of pricing strategies, margin analysis, and profitability optimization.
- Ability to conduct market research consisting of both primary and secondary research.
- Strong negotiation and contract management skills.
- Knowledge of manufacturing processes related to steel raw material manufacturing, mechanical sheet metal parts, casting, welding, machining, and assembly.
- Strong understanding of procurement principles.
- Excellent analytical and problem-solving abilities.
- Ability to work in a fast-paced, dynamic environment and adapt to changing market conditions.
- Proficiency in procurement software and tools.
- Effective communication and stakeholder management skills.
- Knowledge of market trends and technological advancements relevant to mechanical components, parts and accessories procurement.
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