Job Description

Job Summary:

The Senior Procurement Engineer will oversee all procurement activities, including vendor management, material planning, cost control, and contract negotiation. This role involves collaborating with cross-functional teams to ensure a consistent supply of high-quality materials, components, and services while maintaining cost-effectiveness and efficient supply chain management. The Senior Procurement Engineer will also drive vendor performance improvement, manage supplier relationships, and identify opportunities for procurement optimization.

1. New Vendor Identification:

Research and identify potential new vendors for sourcing raw materials, components, and services required by the company. Evaluate and assess new suppliers based on quality, reliability, delivery timelines, and price competitiveness. Conduct market research to stay updated on industry trends, new suppliers, and alternative sourcing opportunities.

2. Vendor Management:

Develop and maintain strong relationships with existing vendors and suppliers, ensuring consistent quality, timely deliveries, and adherence to contractual agreements. Act as the primary point of contact for vendor-related queries, issues, and communication. Regularly evaluate vendor performance based on key metrics such as product quality, delivery performance, and cost-effectiveness. Resolve vendor-related issues promptly, including quality discrepancies, delivery delays, or billing issues. Collaborate with vendors to establish mutually beneficial terms and foster long-term partnerships.

3. Cost Savings and Budget Management:

Identify opportunities for cost savings across the procurement process, including negotiating better prices, discounts, and terms with existing and new vendors. Conduct cost analysis and work closely with finance and production teams to ensure procurement activities align with budget requirements. Drive efforts to reduce procurement-related expenses without compromising on quality or service levels. Implement cost-effective procurement strategies to ensure the company remains competitive in the market.

4. Negotiation and Contract Management:

Lead the negotiation process with suppliers and vendors to secure favorable terms, including pricing, delivery schedules, and payment terms. Prepare and manage supplier contracts, ensuring that terms are in line with company requirements and risk management policies. Ensure that all vendor contracts are legally sound and protect the company's interests.

5. Material Planning and Demand Forecasting:

Collaborate with the production, sales, and inventory teams to develop accurate material plans and ensure that sufficient inventory levels are maintained to meet production requirements. Analyze historical demand patterns and forecast future material needs to prevent supply chain disruptions. Ensure that material lead times and procurement schedules are aligned with production plans and customer delivery requirements. Monitor and manage the material ordering process, ensuring timely procurement and delivery to prevent shortages or delays.

6. Transporters and Tariff Management:

Negotiate transportation rates and tariffs with logistics providers, ensuring the company secures the best pricing for shipping and transportation services. Manage relationships with transporters and third-party logistics companies to ensure efficient and cost-effective delivery of materials. Monitor transportation performance and resolve any transportation-related issues that may impact the timely delivery of goods. Collaborate with the logistics team to optimize routes, delivery schedules, and transportation costs.

7. Supplier Performance Evaluation:

Develop and implement supplier performance evaluation systems, based on key metrics such as delivery time, quality, cost, and service. Continuously monitor and review supplier performance to ensure they meet or exceed company expectations. Implement corrective actions for suppliers who do not meet performance standards, and work with them to improve service levels.

8. Risk Management and Compliance:

Assess and mitigate risks in the supply chain, including risks related to vendor reliability, material quality, and transportation. Ensure compliance with internal procurement policies, industry regulations, and legal requirements in all procurement activities. Develop contingency plans to address potential supply chain disruptions, such as vendor delays, quality issues, or transportation challenges.

9. Reporting and Data Analysis:

Prepare and present regular reports on procurement activities, including cost savings, vendor performance, material planning, and logistics efficiency. Analyze procurement data to identify trends, inefficiencies, and areas for improvement in the supply chain. Provide insights and recommendations to senior management for continuous improvement of procurement processes.

10. Ad-hoc Responsibilities:

Assist with special procurement projects, such as sourcing new materials or products for new product lines. Support cross-functional teams in various organizational initiatives, such as new product development or cost-reduction projects.
Actively contribute to process improvements and the implementation of technology solutions in procurement activities

Job Types: Full-time, Permanent

Pay: ?20,000.00 - ?25,000.00 per month

Benefits:

Health insurance Provident Fund
Ability to commute/relocate:

Kavundampalayam, Coimbatore, Tamil Nadu: Reliably commute or planning to relocate before starting work (Required)
Application Question(s):

What is your current/last drawn salary(per month)? What is your expected salary (per month)? What is your notice period?
Experience:

Total: 4 years (Required) Purchasing: 4 years (Required)
Work Location: In person