Procurement Executive ( Automotive ) 30N25

The role of a Procurement Executive in the automotive industry is pivotal in ensuring the smooth operation of the supply chain, which directly influences the company’s ability to meet customer demands. This position demands a professional with a keen eye for detail, exceptional negotiation skills, and a deep understanding of automotive parts and materials. The ideal candidate will coordinate with various suppliers to manage the procurement of automotive components, ensuring that quality standards are met while maintaining cost-effectiveness. Furthermore, the Procurement Executive will work collaboratively with different departments to align procurement strategies with business goals, optimize inventory levels, and facilitate timely production schedules. Success in this role requires balancing cost pressures with quality demands to deliver value and support operational efficiencies within the organization.

Responsibilities

• Develop and implement procurement strategies tailored to the automotive sector’s unique needs.
• Establish and maintain relationships with suppliers to ensure consistent quality and delivery.
• Negotiate contracts and agreements that secure favorable terms and minimize financial risks.
• Conduct market analysis to determine current trends and anticipate future commodity price fluctuations.
• Collaborate with engineers and designers to source new materials and alternative suppliers.
• Coordinate with the production department to ensure timely and efficient supply of components.
• Monitor inventory levels and initiate orders to replenish stock as required.
• Analyze supplier performance and implement improvement initiatives to optimize supply chain efficiency.
• Prepare procurement reports and forecasts to inform strategic planning and decision-making.
• Ensure compliance with legal requirements and ethical standards in all procurement activities.
• Facilitate the resolution of any quality or delivery issues with suppliers promptly.
• Maintain comprehensive records of spend analysis and contract negotiations to support audit requirements.

Requirements

• Bachelor’s degree in Supply Chain Management, Business, or a related field required.
• Minimum of 3 years of experience in procurement within the automotive industry.
• Strong negotiation skills and the ability to build long-term supplier relationships.
• Demonstrated understanding of automotive components, materials, and industry standards.
• Excellent analytical and problem-solving skills to address procurement challenges.
• Proficiency in procurement software and ERP systems for effective data management.
• Exceptional communication skills to work effectively with cross-functional teams and suppliers.
• Ability to manage multiple projects simultaneously and meet tight deadlines.