Procurement Associate

17 hours ago

Hyderabad, Telangana, India Dhruva Space Full time ₹ 8,00,000 - ₹ 12,00,000 per year

Role overview and responsibilitiesDhruva Space is looking for a Procurement Associate to join our Procurement & Inventory Department. The ideal candidate will play a critical role in facilitating strategic stakeholder relations, managing procurement workflows, and leading initiatives to optimize the procurement processes. This position involves working closely with diverse internal teams and external suppliers to ensure seamless collaboration, cost-efficiency, and compliance with industry standards.

Key responsibilities include but are not limited to: Manage and nurture relationships with key stakeholders, including customers, vendors, directors, management, and employees, ensuring smooth collaboration and communication. Proactively cultivate and sustain relationships with key stakeholders to ensure smooth procurement operations and enhance supplier performance. Oversee the end-to-end procurement process from Procure-to-Pay execution, ensuring efficiency and regulatory compliance.

Assist in preparing purchase orders and ensuring timely delivery of goods. Utilize advanced data analysis tools to craft and implement Management Information Systems (MIS), generating insightful graphical reports for informed decision-making. Analyze market trends and identify opportunities for cost savings.

Play a pivotal role in special projects, value engineering, and cost reduction initiatives. Spearhead and execute innovative projects, driving transformative change initiatives, and fostering a culture of continuous improvement. Develop and oversee a comprehensive vendor base, ensuring consistent quality and reliability in the supply chain.

Conduct supplier audits and performance reviews, resolving issues regarding delivery, quality, and pricing. Drive cost reduction initiatives, achieving significant savings through strategic negotiations and cost-effective measures. Track and report on procurement expenditures and savings.

Lead the standardization of processes and policies, ensuring organizational efficiency and effectiveness. Design streamlined processes to enhance readiness and accountability for incoming materials, reducing defective material intake. Revamp inventory procedures, optimizing stock levels and mitigating stock-outs to improve operational efficiency.

Plan and execute logistical operations for timely deliveries, optimizing shipping processes. Maintain up-to-date knowledge of legal and regulatory requirements impacting procurement activities. Candidate requirements:Bachelor's degree in Supply Chain Management, or any technical related field.2-3 years of experience in procurement or supply chain management, preferably in a manufacturing environment.

Strong negotiation and communication skills. Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint) and experience with procurement software (e.g., Zoho) is a plus. Ability to analyze data and make informed decisions.

Excellent organizational and time management skills.

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