Procurement Engineer - Bought Out Material

Responsibilities:

• Procure materials required as per drawing for day-to-day operations and ongoing projects in accordance with company guidelines and budgets.
• Place purchase orders with approved suppliers, ensuring accuracy and timeliness of deliveries.
• Monitor inventory levels and reorder points to maintain adequate stock levels while minimizing excess inventory.
• Coordinate with internal departments such as projects, engineering , production, maintenance, and logistics to determine material requirements and priorities.
• Evaluate supplier quotations, negotiate pricing and terms, and select the most suitable vendors based on quality, cost, and delivery performance.
• Track and expedite orders as necessary to ensure on-time delivery and minimize disruptions to operations.
• Resolve issues related to material quality, quantity, or delivery discrepancies with suppliers and internal stakeholders.
• Maintain accurate records of purchase transactions, supplier contracts, and pricing agreements.
• Assist in the development and implementation of procurement strategies to improve efficiency, reduce costs, and mitigate risks.
• Stay informed about market trends, pricing fluctuations, and new sourcing opportunities to optimize purchasing decisions.

Qualifications:

• High school diploma or equivalent; bachelor's degree in mechanical engineering, business or supply chain management is a plus.
• Previous experience in procurement, purchasing, or supply chain management preferred.
• Strong negotiation skills and ability to build and maintain supplier relationships.
• Excellent organizational and time management abilities.
• Proficiency in Microsoft Office Suite and purchasing software.
• Attention to detail and accuracy in processing purchase orders and maintaining records.
• Effective communication and interpersonal skills.
• Ability to work independently and collaboratively in a team environment.
• Knowledge of inventory management principles and practices.
• Flexibility to adapt to changing priorities and work under pressure in a fast-paced environment.
• Willing to travel for vendor development & follow ups.