About the role
Develop and implement procurement strategies aligned with production, business, and cost objectives. Manage sourcing and procurement of direct materials, components, assemblies, raw materials, consumables, and indirect materials. Identify, evaluate, develop, and onboard new suppliers as per company requirements. Negotiate price, payment terms, delivery schedules, tooling, logistics, and commercial conditions with suppliers. Drive cost reduction, alternate source development, and annual cost-saving initiatives. Ensure uninterrupted supply of materials to support production requirements and avoid line stoppages. Monitor supplier performance related to quality, cost, delivery, capacity, and responsiveness. Coordinate with Production, PPC, Quality, Engineering, Stores, R&D, and Finance for procurement-related activities. Work closely with suppliers for new product development, localization, samples, trials, and PPAP requirements. Monitor material price fluctuations, market trends, and commodity prices to support effective sourcing decisions. Develop alternate sources and ensure business continuity for critical components. Review supplier capacity, infrastructure, manufacturing capabilities, and financial/commercial stability. Ensure timely closure of supplier-related issues concerning delivery, quality, pricing, and capacity. Monitor open purchase orders and ensure timely delivery as per production schedules. Ensure procurement activities comply with organizational policies, approval processes, and applicable quality standards. Prepare and review procurement MIS, cost-saving reports, supplier performance reports, and other management reports. Lead and mentor the Purchase/Procurement team and improve