· Evaluate & negotiate with vendors for price and follow-up for timely delivery.
· Assess the performance of vendors based on various criterion such as quality/ technology improvement rate, timely delivery, credit terms etc.
· Replenish stock items by raising purchase indents, delivery advices & scrutinizing purchase indents for materials.
· Co-ordinate with concerned vendors for development of product, delivery & price negotiation.
· Development of new vendors to achieve cost reduction and minimize lead time.
· Development of new vendors to develop alternate sources of supply.
· Participate and Drive various projects related to Corp Start Sourcing viz Cost Reduction, Systems Audit Action Points, Single Source/Bottleneck Alternate Devp, Vendor Rationalization, SRM implementation, Vendor Meet Action Points.
· Monthly/Quarterly Procurement Planning Projections/LOIs to suppliers.
· Planning of stock levels for Min/Max and also optimize the inventory w.r.t stock out situation. Monitor the Open POs and Open PRs, Material lying at Subcontractor end.
· Qualifications: Bachelor's degree.
· Salary: As per the industry norms.
· Location: Chennai.