Procurement - Supply Chain Management|| SME/TL/TM
- Chennai, Tamil Nadu
- Permanent
- Full-time
- Procurement Process Management:
- Supervise the entire procurement process, including identifying needs, creating purchase requisitions, obtaining quotes, negotiating terms, and issuing purchase orders.
- Ensure that all procurement activities align with company policies and procedures, and streamline workflows for efficiency.
- Collaborate with stakeholders to identify business requirements and develop sourcing strategies that meet operational needs.
- Supplier Relationship and Vendor Management:
- Identify and select suppliers based on business requirements, quality standards, and cost-effectiveness.
- Negotiate supplier contracts, terms, and pricing agreements to establish favorable conditions and long-term partnerships.
- Maintain strong relationships with suppliers to ensure timely deliveries, resolve disputes, and address performance issues.
- Inventory and Stock Management:
- Monitor inventory levels to maintain optimal stock levels, minimizing stockouts and excess inventory.
- Work closely with logistics and warehouse teams to manage inventory replenishment, ensuring timely delivery to meet production or operational schedules.
- Analyze inventory trends to identify opportunities for process improvement and cost reduction.
- Cost Control and Budget Management:
- Support cost optimization initiatives by identifying opportunities to reduce procurement costs and improving procurement efficiency.
- Track procurement spend against budget and report variances, collaborating with internal teams to stay within financial targets.
- Evaluate cost-effective sourcing options and assess alternative suppliers to achieve the best value for the organization.
- Risk Management and Compliance:
- Ensure that all procurement activities comply with company policies, industry regulations, and legal requirements.
- Assess and manage risks associated with supply chain disruptions, such as delays, price fluctuations, and quality issues.
- Stay updated on industry trends, supplier capabilities, and regulatory changes that may impact procurement operations.
- Data Analysis and Reporting:
- Analyze procurement data to identify trends, inefficiencies,