Purchasing Specialist

-Applies specialized knowledge of the purchasing function to build purchasing excellence in supply chain; works with leaders and teams to define, develop, and implement leading practices. -Supports adoption of new/updated procurement systems and processes including a focus on internal customer support and guidance. -Recommends improvements in purchasing methodologies and procurement process flows and may actively participate in implementation and ongoing administration. -Manages key performance indicators to measure, control and benchmark procurement processes to drive improvements for the operations network. -Collaborates with and advises strategic sourcing and supply chain management teams with key information that contributes to purchasing power and risk mitigation. -Evaluates vendors and suppliers based on quality, price, ROW best practices and speed of delivery. -Ensures that suppliers follow site purchasing and control risk policies/guidelines. -Applies thorough understanding of various market segments, technological trends, and imminent market regulations. -May participate in trade shows, conferences, and meetings to network with new suppliers as and when required. Works with internal customers to understand business requirements, define scopes of work (SOW), and drive cost efficiencies. -Builds effective stakeholder relationships with suppliers and other service providers, ensuring a high service level in terms of quotations and lead-times. -Negotiates vendor contracts as per business needs, to purchase raw materials, equipment, tools, parts, services, and supplies. -Tracks and monitors spend management metrics on behalf of business unit(s). -Defines inventory targets and models to ensure that business maintains optimum level of inventories. Qualification: -Bachelor’s degree in Business, Supply Chain or related -Experience – 4+ years in Procurement or other Business functions -Experience in purchasing, sourcing, and contract management -General understanding of contract terms & conditions, negotiation tactics -Proven track record of negotiations that result in cost savings and risk avoidance -Experience in structuring contracts and managing business relationships -Ability to calculate figures and amounts such as discounts, rates, proportions, percentages. -Ability to analyze and interpret data. -Ability to utilize commercial software tools for analysis and project management.