Procurement - Supply Chain Management SMETLTM
Procurement - Supply Chain Management SMETLTM
Posted on :
12-03-2025
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1 Vacancy
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Job Description
Job Description: Procurement Specialist Supply Chain Management
Position Title: Procurement Specialist Supply Chain Management
Location: Chennai
Reports To: Manager
Department: Supply Chain / Procurement
Position Summary
The role of the Procurement Specialist in Supply Chain Management is to oversee the procurement of goods and services to ensure the smooth functioning of the supply chain. This position involves managing supplier sourcing negotiation procurement strategy inventory management and cost optimization. The Procurement Specialist will work closely with internal stakeholders and external vendors to ensure timely and costeffective procurement while maintaining quality and compliance standards.
Key Responsibilities
- 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.
- Supervise the entire procurement process including identifying needs creating purchase requisitions obtaining quotes negotiating terms and issuing purchase orders.
- Supplier Relationship and Vendor Management:
- Identify and select suppliers based on business requirements quality standards and costeffectiveness.
- Negotiate supplier contracts terms and pricing agreements to establish favorable conditions and longterm partnerships.
- Maintain strong relationships with suppliers to ensure timely deliveries resolve disputes and address performance issues.
- Identify and select suppliers based on business requirements quality standards and costeffectiveness.
- 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.
- Monitor inventory levels to maintain optimal stock levels minimizing stockouts and excess inventory.
- 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 costeffective sourcing options and assess alternative suppliers to achieve the best value for the organization.
- Support cost optimization initiatives by identifying opportunities to reduce procurement costs and improving procurement efficiency.
- 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.
- Ensure that all procurement activities comply with company policies industry regulations and legal requirements.
- Data Analysis and Reporting:
- Analyze procurement data to identify trends inefficiencies
- Analyze procurement data to identify trends inefficiencies
Benefits
UPTO 3.5 LPA.
Experience Requirements Overall Experience 5 Years
The role of the Procurement Specialist in Supply Chain Management is to oversee the procurement of goods and services to ensure the smooth functioning of the supply chain. This position involves managing supplier sourcing, negotiation, procurement strategy, inventory management, and cost optimization. The Procurement Specialist will work closely with internal stakeholders and external vendors to ensure timely and cost-effective procurement while maintaining quality and compliance standards.
Education
Any graduate
Employment Type
Full Time
Key Skills
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