Senior Procurement Specialist

Position Summary: Describe the overall purpose of this position, including the value that it brings to the organization. Principal Responsibilities: List all major results/outcomes of this position. List them in descending order of importance. Sourcing & supply management for Indirect materials / commodities and services. Following / execution of sourcing strategies, vendor identification, vendor development and analytical assessment to strengthen supply chain effectiveness. Strategizing and deriving the on-time & quality metrics by streamlining the process to support Engineering team to receive their prototype parts & get their engineering services done. Executing and monitoring the purchase contracts & service agreements for various commodities, services, facility and operation requirements. Relationship building with vendors and customers with proven ability to provide on-time delivery and quality expectations to customers. Quality Inspection, Quality assurance, Process development and Product development techniques. Exposure to QMS and EHS norms. Good communication and presentation skills with demonstrated abilities in training, team building and driving executives Procurement Follow / execute strategic methodologies in sourcing, aiming at on-tme deliveries, reliable and smooth supplies. Sourcing of materials and services ensuring, optimum utilization with maximum cost savings. Meeting customer orders by designing, implementing / monitoring effective procurement along with finalizing the specifications of the materials required for operations. Clear understanding of GST Execution of complete purchasing cycle – right from obtaining quotes until payment received by vendor. Vendor Development Identification of cost effective and reputed vendors aiming at best cost with improved quality & reliability. Monitoring incoming materials supplied by vendors & ensuring they are as per quality & quantity specifications as well as assisting them in following purchasing processes / systems. Vendor evaluation, rating and development - Ensuring periodic vendor audits and performance rating. Assessing performance of vendors based on KPIs such as Quality, Quantity, Delivery, Cost, responsiveness, credit terms etc. Percentage of Travel : 25% Min. Yrs. Experience : 6 - 9 years Education Standard: should be BE [Mech/ECE/EEE] Does the Scope of the Job Encompass: (check all that apply) Whole Company Sector Sector Business Unit Location (please specify):Bangalore, Product Line (please specify) _ Department: Global Supply Management SECTION 4 Formal Education Requirement: Required Level: High School Bachelors Degree Masters Degree Other Mechanical Engineering Preferred level: High School Bachelors Degree Masters Degree Other Mechanical Engineering Minimum Years of Experience Necessary: 0 – 5 5 – 10 20+ SECTION 5 Key Competencies: Identify the Key Competencies required to successfully accomplish the Accountabilities of the position. Describe each Key Competency as it relates to this position. Assign a relative weight to each Key Competency on a scale of 1 to 5. More than one Key Competency can carry the same weight. NOTE: list ONLY competencies that are essential to the position. WEIGHTS 5 = Most important relative to other key competencies 2 = Somewhat important relative to o/ key competencies 4 = Very important relative to other key competencies 3 = Important relative to other Key Competencies 1 = Least important relative to other key competencies Key Competency Description Weight Determination to achieve excellent results and demonstrate top performance Required Skills :- Atleast 6 - 9 years Experience in purchasing with reputed organization(s) Sound Knowledge on Purchasing Process for both direct & in-direct materials (Local & Imports) and services Experience in CAPEX Purchasing Vendor identification & development process Expertise & knowledge on Cost analysis at item and Raw Material levels Negotiation skills and techniques to drive materials cost reduction Technical know-how on products/commodities & manufacturing processes Good Exposure to supply base in India Experience in Corporate [incl Admin,Facility,Travel] & IT purchasing Ensure compliance with industry standards, quality requirements, and regulatory guidelines Experience in managing NDAs, supplier agreements, purchase orders, and service contracts to support procurement objectives Negotiation skills to secure favorable terms and conditions that align with company policies and goals Desired Skills : Proven ability to work in Global Purchasing Environment Fluent English, other Regional/International Languages added advantage Familiar with ERP tools such as Navision / Oracle etc Willing to travel domestic/International based on business need Strong commercial acumen Strong knowledge on MS Office ( MS excel, MS Power Point ) Clear understanding of EXIM, CHA & Customs processes Supporting Engineering team as well as vendor by playing a key role in getting the vendors understanding our requirements. Collaborate closely with CFT team and fulfil the end user procurement needs Demonstrated willingness and enthusiasm to step up into a leadership role within 1-3 years Lead the implementation of standardized processes, drive continuous improvement initiatives, and manage report generation and MIS activities to support informed decision-making Quality adhere to quality and process guidelines in assigned role Communication should be able to clearly communicate ideas and thoughts through oral & written mode. Effective listner Customer Focus should be able to meet internal customers expectations on time Should be able to manage external suppliers as per ALLEGION ethics & code of conduct Relationship Builder should be capable of conversing comforatbly with managers and colleagues. should be able to build and manage smooth business relationships with external suppliers