Procurement Specialist

Job Description: Purchasing Specialist

Location : Pune

Position Overview: We are seeking a highly skilled and detail-oriented Purchasing Specialist to join our procurement team. The Purchasing Specialist will play a crucial role in ensuring the efficient and cost-effective procurement of goods and services for our organization. This individual will be responsible for executing purchasing activities, managing supplier relationships, negotiating contracts, and maintaining inventory levels.

Responsibilities:

1. Execute end-to-end procurement processes, including requisition processing, supplier selection, purchase order creation, and order tracking.
2. Collaborate with internal stakeholders to understand their purchasing requirements and provide guidance on procurement best practices.
3. Identify potential suppliers, conduct market research, evaluate vendor proposals, and negotiate favorable terms and conditions.
4. Manage supplier relationships by monitoring performance, resolving issues or disputes, and conducting periodic supplier evaluations.
5. Develop and maintain strong relationships with key suppliers to ensure reliable delivery of quality goods and services.
6. Monitor inventory levels to ensure optimal stock levels while minimizing excess inventory or stockouts.
7. Analyze pricing trends, market conditions, and contract terms to identify cost-saving opportunities.
8. Maintain accurate records of purchases, contracts, pricing agreements, and other relevant documentation.
9. Stay updated on industry trends, regulations, and best practices in procurement to enhance knowledge and improve processes.
10. Collaborate with cross-functional teams such as finance, operations, and logistics to ensure seamless coordination of procurement activities.

Qualifications:

1. Bachelor's degree in mechanical design engineer, supply chain management, business administration or a related field (or equivalent experience).
2. Proven experience as a Purchasing Specialist or in a similar role within the procurement function.
3. In-depth knowledge of procurement best practices, sourcing strategies, contract negotiation techniques, and supplier management principles.
4. Ability to read mechanical and structural drawings including machining and welding details
5. Excellent communication skills with the ability to effectively interact with internal stakeholders as well as external suppliers.
6. Proficiency in using procurement software systems or enterprise resource planning (ERP) platforms is preferred.
7. Detail-oriented with exceptional organizational skills to manage multiple tasks simultaneously while meeting deadlines.

This position offers an opportunity for growth within our dynamic organization that values teamwork and innovation in achieving our strategic objectives.