Procurement Manager

Key Responsibilities:Procurement Strategy Development:· Review Purchase Requisitions and float RFQ as per plan received from planning team· Ensure timely delivery of material (OTIF), diligence in follow-ups with suppliers, ensure timely payments, vendor reconciliations etc. · Strategy/ evaluating sourcing of all components from local and overseeing materials· Develop and implement procurement strategies for raw materials to ensure cost-effectiveness and efficiency.· Analyze market trends and identify potential risks and opportunities in the raw materials market.· Managing the team, Continuous improvement, Working with cross functional teamSupplier Management:· Visit, Identify, evaluate, and select suppliers based on quality, cost, and delivery capabilities.· Build and maintain strong relationships with suppliers and negotiate favorable terms and conditions.· Monitor supplier performance and address any issues or concerns promptly.Cost Management:· Manage the procurement budget for raw materials and ensure compliance with financial targets.· Implement cost-saving initiatives and continuously seek opportunities to reduce procurement costs.Quality Assurance:· Ensure that all raw materials procured meet the required quality standards and specifications in co-ordination with the Quality Department· Collaborate with the Quality Assurance team to address any quality issues and implement corrective actions.Inventory Management:· Work closely with the Inventory Management team to ensure optimal stock levels of raw materials.· Implement inventory control measures to minimize wastage and reduce excess stock.Compliance and Risk Management:· Ensure compliance with all relevant regulations, standards, and company policies.· Identify potential risks in the procurement process and develop mitigation strategies. Qualifications:· Graduate/Diploma in Engineering. Additional specialize in sourcing will be advantage.· Minimum 8 years of experience in procurement, with a focus on raw materials.· Strong knowledge of procurement principles, practices, and strategies.· Excellent negotiation and communication skills.· Proven ability to manage supplier relationships and build strong partnerships.· Strong analytical and problem-solving skills.· Proficiency in procurement software and tools. · Ability to work in a fast-paced environment and manage multiple priorities.Industry:· Industrial safety, Electrical Manufacturing, switch and control gear manufacturing.