Procurement Deputy Manager - Rieco Industries

Location:

Chakan, Pune

Experience:

8 to 12 years

Education:

BE Mechanical, MBA/Diploma in Materials Management (Preferred)

Roles & Responsibilities:

Material Handling Equipment Procurement: Strategically plan and execute the procurement of material handling equipment, ensuring alignment with project requirements, quality standards, and budget constraints. Collaborate with cross-functional teams to identify opportunities for improvement.
Plant Procurement: Lead the procurement of plant machinery and equipment, negotiating terms and conditions with suppliers, and ensuring timely delivery. Implement best practices in vendor selection and management to enhance project efficiency.
Sub-Contracting: Oversee the selection and management of subcontractors, ensuring they meet project needs, quality standards, and deadlines. Foster strong relationships with subcontractors to optimize performance and cost-effectiveness.
Machining Procurement:Manage the sourcing of machining services, including CNC machining and fabrication. Monitor machining quality, adherence to project schedules, and cost control measures.
Raw Material Sourcing: Develop and implement strategies for the procurement of raw materials required for project execution. Ensure a consistent supply chain, negotiate favorable terms, and manage inventory efficiently.
MIS and Performance Reporting: Develop and maintain Management Information Systems (MIS) for procurement activities. Generate regular performance reports, analyze data, and provide insights to drive decision-making and process improvements.
Cost Optimization: Identify cost-saving opportunities and value engineering initiatives across procurement categories. Continuously seek ways to reduce costs while maintaining quality standards. Supplier Relationship Management: Build and maintain strong relationships with suppliers and subcontractors. Ensure compliance with contractual agreements, resolve disputes, and conduct periodic supplier performance evaluations.
Compliance and Documentation: Ensure that all procurement activities adhere to company policies, industry regulations, and legal requirements. Maintain accurate records of procurement transactions, contracts, and performance evaluations.
Leadership and Team Development: Provide leadership and guidance to the procurement team, fostering a culture of collaboration, accountability, and continuous improvement. Mentor and develop team members to enhance their skills and capabilities.

Skill sets/Additional requirements:
Must Have:

Bachelor’s degree in mechanical engineering (BE Mech).
8-12 years of progressive procurement experience, including material handling equipment, plant procurement, sub-contracting, machining, and raw material procurement.
Strong negotiation skills and a proven track record of securing favorable terms and prices from suppliers.
Proficiency in creating and managing MIS and performance reports.
Knowledge of materials management, with an MBA/Diploma in Materials Management preferred.
Excellent leadership and team management skills.
Analytical mindset with attention to detail.
Proficiency in procurement software and tools.
Knowledge of project management principles