Key Responsibilities:
Develop and implement strategic sourcing strategies to identify evaluate and select suppliers based on quality price reliability and other performance criteria.
Conduct market research and supplier assessments to identify potential sources of supply and foster longterm partnerships with key vendors.
Negotiate contracts terms and pricing agreements with suppliers to achieve cost savings improve quality and mitigate supply chain risks.
Monitor supplier performance and adherence to contractual obligations and implement corrective actions as needed to maintain supplier relationships. Collaborate with engineering and technical teams to evaluate technical specifications requirements and standards for materials equipment and components.
Ensure that purchased items meet technical specifications and performance requirements and provide technical support to resolve any issues or discrepancies. Conduct cost analysis and price benchmarking to identify costsaving opportunities and negotiate favorable pricing terms with suppliers. Develop and implement cost reduction initiatives value engineering strategies and alternative sourcing options to optimize procurement costs.
Resolve any issues or disputes that may arise with suppliers in a professional manner. Continuously seek opportunities for cost savings through strategic sourcing initiatives. Stay updated with industry trends and best practices in procurement management
Requirements
Requirements:
Min. 810 years of experience as a Purchasing Officer or similar role.
Masters degree in business administration or relevant or Bachelors in Engineering (Electrical/Mechanical).
Solid analytical skills with the ability to create financial reports and conduct cost analyses.
Indepth knowledge of purchasing functions inventory and supply management system.
Excellent communication negotiation and interpersonal skills
Ability to work with minimal supervision