Procurement Executive ( Automotive ) (225-812)

The role of a Procurement Executive in the automotive industry is integral to maintaining a seamless supply chain and ensuring that vehicle manufacturing processes run smoothly. This position demands a keen eye for detail, exceptional negotiation skills, and a thorough understanding of market trends. The Procurement Executive works closely with suppliers and manufacturers to source the best quality components at the most cost-effective rates. With responsibilities spanning vendor management, market analysis, and contract negotiations, the Procurement Executive plays a pivotal role in reducing costs while maintaining or enhancing quality. This dynamic position is perfect for someone who thrives in a fast-paced environment and possesses a deep understanding of automotive components and their global supply chains.

Responsibilities

• Develop and implement procurement strategies to ensure cost efficiency and quality assurance.
• Negotiate contracts with suppliers to secure beneficial terms and conditions.
• Analyze market trends to forecast procurement needs and adapt strategies accordingly.
• Manage vendor relationships to ensure timely delivery and quality of components.
• Conduct regular reviews of supplier performance and compliance with contractual obligations.
• Collaborate with internal departments to harmonize procurement activities and demand forecasting.
• Evaluate and select reliable and cost-effective suppliers through a rigorous selection process.
• Oversee the procurement budget and report on expenditure and savings initiatives.
• Ensure adherence to regulatory standards and policies in all procurement activities.
• Identify potential risks in the supply chain and develop mitigation strategies.
• Lead cost reduction initiatives to enhance profitability without compromising quality.
• Prepare detailed reports on procurement activities and maintain accurate data records.

Requirements

• Bachelor's degree in Supply Chain Management, Business, or a related field.
• Proven experience in procurement, preferably within the automotive industry.
• Strong negotiation skills and experience in contract management and vendor relations.
• Excellent analytical skills with a keen understanding of market dynamics.
• Proficiency in procurement software and enterprise resource planning (ERP) systems.
• Ability to work independently and make decisions under high-pressure situations.
• Strong communication and interpersonal skills for effective collaboration.