Procurement Sourcing Identify, evaluate, and onboard suppliers for direct and indirect materials. Conduct RFQ/Enquiry processes, prepare comparative statements, and finalize vendors. Ensure adherence to procurement policies and compliance requirements. Cost Management Perform cost analysis and negotiate pricing, payment terms, and delivery schedules. Lead cost-reduction initiatives through VA/VE, alternate sourcing, and supply-chain optimization. Maintain procurement budgets and track savings. Supplier Relationship Management Monitor vendor performance for quality, delivery, pricing, and service. Collaborate with Quality, Production, and Stores for supplier audits and assessments. Resolve supplier-related issues concerning delivery, quality, or documentation. Purchase Order Contract Management Create and release purchase orders within defined timelines. Ensure correct specifications, documentation, and approvals. Track and follow up for timely deliveries and dispatch clearances. Coordination Cross-Functional Support Work closely with PPC, Quality, Engineering, Finance, and Stores teams. Participate in project procurement planning and material budgeting. Data Management Reporting Maintain procurement data, vendor master, and material price records. Prepare MIS reports such as PR/PO status, delivery schedules, savings, vendor ratings, etc. Support internal and external audits (ISO, IATF, customer audits). Key Deliverables (KPIs / Outcomes) Procurement Performance PR-to-PO cycle time Timely delivery performance (%) Supplier lead-time adherence Cost Savings Achievement of annual cost reduction targets Total procurement savings (direct indirect) Quality Compliance Supplier rejection rate (%) Adherence to procurement SOPs Operational Efficiency Support in inventory reduction Material availability for production (no line stoppages) PO accuracy and documentation compliance Skills Competencies Technical Skills Strong negotiation and cost-analysis capability Understanding of engineering drawings and specifications Experience with ERP systems (SAP / Oracle / D365) Knowledge of supply chain processes and market trends Soft Skills Effective communication and relationship management Analytical thinking Problem-solving and decision-making Time management and multitasking