Senior Procurement Executive
Undisclosed
Responsibilities: 1. Direct Material Sourcing Oversee end-to-end sourcing and procurement for direct materials used in production, including electronic components, raw materials, mechanical parts, pac
Responsibilities:
1. Direct Material Sourcing
Oversee end-to-end sourcing and procurement for direct materials used in production, including electronic components, raw materials, mechanical parts, packaging materials, and other production-related materials. Lead RFQ/RFP processes, supplier evaluation and selection, commercial negotiations, and supplier lifecycle management from onboarding through performance management.
2.Localization & Supply Chain Development
Spearhead supplier localization programs aimed at reducing import reliance, improving lead times, and building a more resilient supply chain. Collaborate cross-functionally to qualify local suppliers, monitor project milestones, and quantify cost savings achieved.
3.Cost Negotiation & Savings Delivery
Lead commercial negotiations with suppliers to secure competitive pricing and favorable terms. Develop and execute annual savings strategies through should-cost analysis, Long-Term Agreements (LTAs), and spend consolidation initiatives. Monitor and report savings performance against set targets.
4.Contract Management
Draft, review, and negotiate procurement contracts, payment terms, and Service Level Agreements (SLAs). Administer the full contract lifecycle while ensuring policy compliance, and coordinate with Legal and Finance teams on contractual matters.
5.Supply Risk Management
Proactively identify high-risk and single-source dependencies, conduct supplier risk assessments, and develop contingency and business continuity plans to safeguard supply chain operations.
6.System , Reporting & Analytics
Leverage SAP for procurement operations and AI-driven tools for data analysis and management. Maintain procurement dashboards, track KPIs, manage budget reporting, and perform supplier account reconciliation.