Procurement Executive

Job Description

Objective: To oversee the sourcing, purchasing, and management of commodities, OEM/ODM, and to develop and implement effective procurement strategies, manage supplier relationships, and ensure timely and cost-effective procurement of materials. Key Responsibilities: Develop procurement strategies in collaboration with cross-functional departments (Sales, Operations, Finance, etc.) and analyze market trends. Maintain strong relationships with key suppliers and monitor their performance to address issues related to quality, delivery, or cost. Identify, evaluate, and finalize contract manufacturers for wires and FMEG products like switches, switchgear, lighting, etc. Sourcing materials, goods, products, and services and negotiating the best or most cost-effective contracts and deals. Vendor base upgradation & rationalization Monitor the supplier performance based on QCDS, Upgrade the suppliers in respective areas of improvements. Develop the OEM/ODM FMEG products. Capacity Mapping, Planning & Expansion as per business requirement. PR execution, PO making & Material receipt within prescribed lead time. Negotiate the Payment terms & delivery terms as per delivery location. Work on Cost reduction strategies, Identify the area for cost reduction & work on VAVE solutions. Knowledge of Plastic Molding – Thermoplastics & Thermoset, Press Part, Hardware, Assembly, Packaging & Logistics. Ensure timely GRN received material & Payments to Suppliers. Experience in Procurement of Testing Equipment & Gauges. Experience & Qualification: 3-5 years of experience in procurement activities. Hands-on experience in SAP specifically MM module Bachelor of Engineering. Strong negotiation, communication, and analytical skills