Job Description

• Strategic Sourcing : Develop and implement strategic sourcing strategies to optimize procurement processes and achieve cost savings.
• Supplier Management : Identify, evaluate, and select reliable suppliers while maintaining a database of approved vendors.
• Negotiation : Negotiate favorable terms and pricing with suppliers, ensuring quality, delivery schedules, and cost efficiency.
• Contract Management : Draft, review, and manage contracts, including terms and conditions, to protect the organization's interests.
• Inventory Control : Monitor and analyze inventory levels, ensuring optimal stock levels while minimizing carrying costs.
• Compliance : Ensure compliance with company policies, industry regulations, and legal requirements in all procurement activities.
• Risk Assessment : Identify and assess potential risks in the supply chain, and develop mitigation strategies to minimize disruptions.
• Procurement Process Improvement : Continuously review and improve procurement processes to enhance efficiency and effectiveness.
• Budget Management : Work closely with finance teams to develop and manage the procurement budget effectively.

Required Skills and Qualifications

• Education : Bachelor's degree in any discipline, Supply Chain Management, or related field.
• Experience : Proven experience in procurement, with a track record of successful negotiations and supplier management.
• Analytical Skills : Strong analytical and problem-solving abilities to make data-driven procurement decisions.
• Communication : Excellent verbal and written communication skills, with the ability to effectively negotiate and build relationships.
• Technology Proficiency : Familiarity with procurement software and ERP systems for inventory and supplier management.
• Negotiation Skills : Adept at negotiating terms, pricing, and contracts to achieve favorable outcomes for the organization.
• Organizational Skills : Strong organizational and time management skills to handle multiple procurement projects simultaneously.

Job Types: Full-time, Permanent

Pay: ?120,000.00 - ?250,000.00 per year

Benefits:

• Leave encashment
• Paid sick time
• Paid time off

Schedule:

• Day shift

Education:

• Diploma (Preferred)

Experience:

• Procurement management: 3 years (Preferred)

Location:

• Vishakapatnam, Andhra Pradesh (Preferred)

Willingness to travel:

• 25% (Preferred)

Work Location: In person