1. Strategic Sourcing: Identify, assess, and select potential vendors for the procurement of raw materials, equipment, and services. Build and maintain relationships with vendors across various locations in India to ensure a reliable supply chain.
2. Vendor Management: Collaborate with vendors to negotiate contracts, terms, and pricing. Monitor vendor performance, conduct regular audits, and address any issues to maintain quality and timely delivery.
3. Cost Control: Develop and implement cost-effective purchasing strategies to optimize expenditure without compromising quality and timeline requirements.
4. Project Coordination: Work closely with project managers, engineers, and other stakeholders to understand specific project requirements and align procurement activities accordingly.
5. Risk Mitigation: Identify potential risks in the supply chain, create contingency plans, and take proactive measures to mitigate disruptions in the procurement process.
6. Data Analysis: Utilize data analysis tools to assess market trends, vendor performance, and make informed decisions to optimize purchasing processes.
7. Communication: Effectively communicate with internal teams and vendors to relay project requirements, resolve issues, and ensure smooth coordination throughout the procurement cycle.
8. Continuous Improvement: Implement best practices, evaluate and introduce new technologies, and drive process improvements to enhance operational efficiency and cost-effectiveness within the procurement function.