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We are seeking a highly skilled and strategic Procurement Specialist to join our fiber cable manufacturing team. The ideal candidate will be responsible for sourcing, negotiating, and procuring critical materials and services essential for our production processes, with a strong emphasis on cost reduction, contract manufacturing, and supply chain efficiency. This role demands expertise in sourcing a diverse range of components.
Job Responsibility:
Develop and execute sourcing strategies to achieve significant cost savings and total cost of ownership (TCO) improvements across assigned categories (polymers, molded plastics, mechanical components)
Conduct thorough market research and analysis to identify potential new suppliers, predict cost trends, and assess supply chain risks
Lead renegotiations of existing vendor contracts and terms to ensure the best value and favorable pricing for the company
Implement e-sourcing tools and data analysis techniques to optimize procurement processes and identify ongoing cost-saving opportunities
Analyze industry and market trends for fiber optic components and raw materials to inform sourcing strategies and identify cost-saving opportunities
Maintain accurate procurement records and documentation for all transactions, audits, and performance reporting purposes
Identify, evaluate, select & Onboard suppliers for Polymers, molded plastic components, mechanical parts including Sheet Metal & Machined components, Raw fiber, protective jacketing materials, strength members & ensuring they meet quality, cost, and delivery benchmarks
Manage the entire contract lifecycle, including drafting, reviewing, negotiating, and ensuring compliance with all contractual terms and legal requirements in collaboration with the legal department
Develop and maintain strong, collaborative relationships with key suppliers and contract manufacturers to ensure continuous improvement and reliable supply
Monitor and track supplier performance using Key Performance Indicators (KPIs) related to quality, delivery, and cost, addressing any discrepancies proactively
Work closely with engineering, manufacturing, finance, and legal departments to align procurement activities with overall business objectives and production schedules
Collaborate closely with internal cross-functional teams, including Engineering, Quality Assurance, and Production, to understand material needs and ensure alignment of procurement activities with manufacturing schedules
Requirements:
BE B.TECH – Mech/Civil/Electrical/ Electronics/Instrumentation
Minimum of 10 years of experience in procurement, preferably in Telecom Industry
Proven experience as a Procurement Specialist or similar role within a manufacturing environment, preferably in the fiber optics or related industry
Demonstrated expertise in procuring specific commodity types: polymers, molded plastic components, and mechanical components including Sheet Metal & Machined components, Raw fiber, protective jacketing materials, strength members & ensuring they meet quality, cost, and delivery benchmarks
Experience in managing contract manufacturing (CM) relationships and agreements
Proven track record of successfully implementing cost reduction measures and achieving measurable savings
Exceptional negotiation communication, and interpersonal skills to build strong vendor relationships
Proficiency in procurement software, ERP systems (e.g., SAP preferred), and Microsoft Office Suite (advanced Excel skills preferred)
Expertise in Power BI: Proficiency in using Microsoft Power BI for data visualization, spend analysis, and creating interactive dashboards to track KPIs and cost-saving initiatives would be a significant advantage
Strong problem-solving abilities and attention to detail
Strong analytical skills for data analysis, cost modeling, and forecasting
Excellent communication and interpersonal skills to build rapport with suppliers and internal stakeholders
Strong attention to detail and organizational skills