Procurement Manager - Electrical and Electronics

Job Description

Category Manager - Electrical and Electronics Company : A USD 2.8 billion conglomerate, the world leader in machines and engines specially into Earthmoving Equipment, Mining Trucks, Loaders & Dumpers. Job Summary: We seek a proficient category manager for electrical and electronics category to join our as a category manager, you will be responsible for developing and executing category strategies, managing supplier relationships, and ensuring cost-effective procurement of electrical and electronic components. This role requires expertise in strategic sourcing, market analysis, and supplier negotiations to drive value and efficiency. Key Responsibilities: Category Strategy Development : Develop and implement procurement strategies for the Electrical and Electronics category. Conduct market research to identify trends, risks, and opportunities within the category. Align category strategies with organizational goals and objectives. Sourcing: Identify, evaluate, and negotiate with electrical and electronic component suppliers. Create and execute RFI/RFP/RFQ in collaboration with key internal stakeholders. Perform price discovery for materials and services and identify the right price and suppliers for electrical and electronic components. Supplier Management : Build and maintain strong relationships with key suppliers to ensure quality, delivery, and cost-effectiveness. Conduct regular supplier performance evaluations and implement improvement plans Cost Optimization : Deploy zero-based costing (ZBC) and should-cost approaches to thoroughly evaluate and justify procurement costs, ensuring optimal budget utilization. Negotiate contracts, pricing, and terms with suppliers to achieve cost savings. Analyze spend data and identify opportunities for cost reduction and value creation. Monitor and manage category budgets on a quarterly basis. Stakeholder Collaboration : Work closely with internal stakeholders, including engineering, operations, and quality teams, to understand procurement needs and gather scope requirements. Educate stakeholders on best practices in strategic sourcing and procurement. Work along with engineering and operations function in implementing technical changes & coordinate for commercial impact if any. Reporting and Analysis : Prepare regular reports on category specific procurement performance, including cost savings, vendor performance, and risk management activities. Analyze category specific procurement data to identify trends and opportunities for improvement. Risk Management : Identify and mitigate risks associated with the supply chain for procurement of electrical and electronic components. Develop contingency plans to address potential disruptions in the supply chain. Compliance and Standards : Ensure compliance with organizational policies, industry standards, and regulatory requirements. Support the development and implementation of procurement policies and procedures. Drive ethical sourcing practices and sustainability initiatives within procurement functions. Qualifications: Bachelor’s degree in electrical and electronics or electronics and communication engineering, or a related field. A master’s degree or MBA is a plus. Professional certifications such as CPSM & CPP are advantageous. Proven experience in procurement or category management preferably in the Electrical and Electronics domain. Hands-on experience in the sourcing and procurement activities of similar categories. 7+ years of experience as an electrical and electronics 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 Technical knowledge of manufacturing processes of electrical & electronics components, including understanding materials, components, and production methods. 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 in the Electrical and Electronics industry. CTC - Upto 15 LPA (Negotiable) Show more Show less