Procurement management is a complex business function that involves the process of planning, managing, and purchasing goods and services from external suppliers and sources to meet company needs.
As a key business administration function, procurement officers and managers are responsible for acquiring goods and services of the highest quality at the lowest cost.
Effective procurement activities include identifying requirements, selecting suppliers and managing supplier relationships, contract negotiations, and managing purchase orders from start to finish.
- Identifying the procurement needs of the entire organization.
- Managing direct procurement processes, including the purchasing or obtaining of raw materials, resources, goods, and services for manufactured goods.
- Managing indirect procurement, including the purchasing of goods, services, supplies, and materials needed for daily operations.
- Creating RFQs and overseeing competitive bidding cycles.
- Managing procurement budgets, strategies, and payment processes.
- Developing and implementing cost-effective procurement strategies and policies for the purchasing of raw materials, goods, and services.
- Managing the procure-to-pay process, including requisitioning, purchasing, receiving, invoicing, and paying for goods and services.
- Evaluating and strategic sourcing of potential suppliers.
- Devising initiatives to drive procurement performance.
- Negotiating contracts with vendors to secure the best deals and terms.
- Maintaining advantageous relationships with suppliers and managing disputes.
- Monitoring supplier performance for optimal business operations performance.
- Ensuring the timeliness and effectiveness of goods and services.
- Forecasting to predict future demand for goods, services, and purchase requisitions.
- Collaborating with internal departments to ensure procurement needs are met.
- Finalizing purchase details and approving purchase requests and purchase orders.
- Tracking key metrics and KPIs to reduce costs.
- Analyzing procurement data, conducting spend analysis, and preparing reports.
- Incorporating new procurement software, e-procurement processes, and business processes when necessary.
- Leading the procurement department, including a team of procurement officers and other team members.
- Developing and implementing risk mitigation strategies.
- Monitoring industry trends and developments.
skills
· Proven working experience as a Procurement Manager, Procurement Officer or Head of Procurement
· Knowledge of sourcing and procurement techniques as well as a dexterity in “reading” the market
· Talent in negotiations and networking
· Good knowledge of supplier or third-party management software
· Aptitude in decision-making and working with numbers
· Experience in collecting and analyzing and Tracking data of Material.
· Strong leadership capabilities
· LT Equipment’s /Panels purchase knowledge with Logistics
· Up to 220 KV Equipment and accessories knowledge with Logistics arrangements.
Experience
10-year experience as relevant field
Education B. Tech/B.E. – Electrical
Pay: ₹45,000.00 - ₹65,000.00 per month
Benefits:
- Cell phone reimbursement
- Internet reimbursement
- Paid sick time
- Paid time off
- Provident Fund
Ability to commute/relocate:
- Surat, Gujarat (Surat): Reliably commute or planning to relocate before starting work (Required)
Education:
Experience:
- Procurement management: 8 years (Required)
Work Location: In person
