Procurement Manager - Rieco Industries

Location:

Chakan, Pune

Experience:

18 to 20 years

Education:

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

Roles & Responsibilities:

Material Handling Equipment Procurement: Develop and execute strategic plans for material handling equipment procurement, 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 advanced strategies for the procurement of raw materials required for project execution. Ensure a consistent supply chain, negotiate favorable terms, and manage inventory efficiently.
Strategic Procurement Planning: Develop and implement a comprehensive procurement strategy aligned with the company’s objectives. Identify opportunities for cost savings, risk mitigation, and process optimization.
MIS and Performance Reporting: Establish and maintain robust Management Information Systems (MIS) for procurement activities. Generate regular performance reports, analyze data, and provide strategic insights to drive decision-making and process improvements.
Cost Optimization: Identify and lead cost-saving initiatives and value engineering programs across all procurement categories. Continuously seek ways to reduce costs while maintaining or enhancing quality standards.
Supplier Relationship Management: Cultivate 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 visionary leadership 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).
18-20 years of progressive procurement experience, including material handling equipment, plant procurement, sub-contracting, machining, and raw material procurement.
Proven track record of successful negotiations, cost savings, and supplier management.
Proficiency in creating and managing advanced MIS and performance reports.
Knowledge of materials management, with an MBA/Diploma in Materials Management preferred.
Exceptional leadership and team management skills.
Analytical mindset with attention to detail.
Proficiency in procurement software and tools.
In-depth knowledge of project management principles