Skill: ordering , logistics , sourcing , procurement strategies , vendor development , negotiation , category management , supply chain , purchase , material management , materials , procurement; Exp: 5-10 years; procurement / Sourcing officer, Assistant Manager procurement / Sourci 5 – 10 YearsKanchipuram Job Description Responsibilities Devise and use fruitful sourcing / Procurement strategies Discover profitable suppliers and initiate business and organization partnerships Negotiate with external vendors to secure advantageous terms Approve the ordering of necessary goods and services Finalize purchase details of orders and deliveries Examine and test existing contracts Track and report key functional metrics to reduce expenses and improve effectiveness Collaborate with key persons to ensure clarity of the specifications and expectations of the company Foresee alterations in the comparative negotiating ability of suppliers and clients Expect unfavorable events through analysis of data and prepare control strategies Perform risk management for supply contracts and agreements Control spends and build a culture of long-term saving on procurement costs Support the purchase team in all activities Manage the companys supply portfolio ensuring transparency of spending Generate and implement efficient sourcing and category management strategies Analyze and calculate costs of procurement and suggest methods to decrease expenditure Invent negotiation strategies and secure profitable deals Optimize sourcing procedures to attain maximum efficiency Cooperate with stakeholders to guarantee agreement on terms and processes Research and anticipate shifts in the negotiating power of suppliers Perform cost and scenario analysis, and benchmarking Estimate risks and apply risk minimizing techniques Discover and partner with trustworthy vendors and suppliers Determine quantity and timing of deliveries Skills needed Proven working experience as a procurement / Sourcing officer Knowledge of stock market and commodities market Knowledge of London Metal Exchange Knowledge of sourcing and procurement techniques as well as a dexterity in reading the market Talent in negotiations and networking Aptitude in decision-making and working with numbers Experience in collecting and analyzing data Strong leadership capabilities Understanding of market dynamics and sound business judgement Ability to negotiate and sustain networking relationships Comfortable with figures and in collecting, analyzing and interpreting data Solid judgement with ability to make good decisions Salary Not Disclosed by Recruiter Industry Electricals / Switchgears Functional Area Supply Chain, Logistics, Purchase, Materials Role Category Purchase/Material Management Role Purchase/Vendor Development Manager Employment Type Permanent Job, Full Time Keyskills PurchaseSourcingProcurementCategory ManagementStock MarketData AnalysisRisk Management Desired Candidate Profile EducationUG -B.Tech/B.E. – Any Specialization Company Profile Indo Tech Transformers Limited We are an ISO 9001 certified company, was established in 1976 and has since grown to be a prominent player in the Indian electrical industry for power & distribution transformers and various special application transformers, mobile sub-station transformers & sub-stations. We have a list of satisfied customers is a testimony to its commitment to quality and excellent customer service. Prolec GE International S de R.L de C.V., a billion dollar transformer manufacturing company based out of Monterrey, Mexico is a joint venture of Xignux a Mexican industrial group with diversified portfolio including cables, transformers and food products, based in Monterrey, Mexico and General Electric a diversified global infrastructure, finance and media company based in USA. As part of expanding its foot print globally and providing a foundation for continuing growth, Prolec GE acquired majority stake of 74.35 PERCENT 25 in Indo Tech.
Function: Logistics / Procurement / Materials Mgmt. / Supply Chain