Procurement Engineer
5 days ago
Job description:
A Procurement Engineer is a professional responsible for managing the purchasing and sourcing of goods, services, and equipment necessary for a company's operations. This role involves a combination of technical knowledge, negotiation skills, and an understanding of supply chain management.
Here are key responsibilities and skills associated with the role:
Responsibilities:
Sourcing and Vendor Management: Identifying and evaluating potential suppliers, negotiating contracts, and managing relationships with vendors to ensure the timely and cost-effective procurement of goods and services.
Technical Understanding: Having a strong technical background to understand the specifications and requirements of the products or services being procured. This is particularly important in industries where specialized technical knowledge is crucial.
Cost Negotiation: Negotiating prices, terms, and conditions with suppliers to secure advantageous agreements. This involves analyzing cost structures and finding ways to optimize expenses without compromising quality.
Supply Chain Management: Coordinating with various departments, including production, logistics, and finance, to ensure a smooth flow of materials and services throughout the supply chain.
Quality Assurance: Collaborating with quality control and assurance teams to ensure that purchased goods and services meet the required standards and specifications.
Risk Management: Identifying and mitigating potential risks associated with the procurement process, such as supply chain disruptions, price fluctuations, and quality issues.
Contract Management: Drafting, reviewing, and managing contracts and agreements with suppliers. This includes ensuring compliance with legal and regulatory requirements. 8. Market Research: Keeping abreast of market trends, supplier capabilities, and industry best practices to make informed procurement decisions.
Cost Analysis: Conducting cost analyses to identify opportunities for cost savings and efficiency improvements in the procurement process.
Documentation: Maintaining accurate records and documentation related to procurement activities, including purchase orders, contracts, and supplier information.
Skills:
Technical Acumen: Understanding the technical specifications and requirements of the products or services being procured.
Negotiation Skills: Strong negotiation skills to secure favorable terms and conditions with suppliers.
Analytical Skills: The ability to analyze data, market trends, and cost structures to make informed procurement decisions.
Communication Skills: Effective communication with suppliers, internal teams, and other stakeholders.
Project Management: Ability to manage multiple procurement projects simultaneously and ensure timely delivery.
Attention to Detail: Ensuring accuracy in documentation and compliance with regulation
Qualification:
Bachelor's degree in engineering (Mechanical)
Minimum 4+ years of experience in Construction Projects
Job Types: Full-time, Permanent
Pay: ₹10, ₹40,000.00 per month
Benefits:
- Leave encashment
- Provident Fund
Application Question(s):
- What is your Current CTC?
- What is your Expected CTC?
- What is your Notice Period?
- Does you have global procurement experience in Engineering Industry?
- Does you have Procurement experience in Engineering Industry?
Work Location: In person
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