ACG World
Website:
acg-world.com
Job details:
Ensure timely and cost-effective procurement of materials and parts by managing vendor relations, conducting negotiations, and optimizing inventory while adhering to protocols and improving purchase processes.
Bought out supplier, Vendor Management
- Develop and identify new suppliers for mechanical bought-out components and manufacturing requirements.
- Float RFQs (Request for Quotations) and evaluate technical and commercial offers from vendors.
- Prepare cost comparison statements using Excel and support cost finalization.
- Conduct price negotiations with suppliers to achieve optimum cost, quality, and delivery terms.
- Finalize suppliers based on quality, cost, delivery, and company procurement protocols.
- Raise purchase orders and ensure timely execution of POs through vendor follow-up.
- Procure mechanical bought-out items, hardware, CNC tooling, QC equipment, and other required materials.
- Source raw materials such as metals, plastics, castings, and forgings as per production requirements.
- Coordinate with laboratories to ensure raw material testing and certification before release to manufacturing.
- Monitor procurement progress against project schedules using SAP or ERP systems.
- Anticipate supply chain bottlenecks and implement corrective actions to meet project timelines.
- Coordinate with QC department regarding vendor rejections, rework, and corrective actions.
- Track and follow up with vendors to meet assembly and production requirements.
- Estimate cost and lead time for development of new components.
- Process procurement for fabrication items such as sheet metal, laser cutting parts,SS fabrication , pipes, acrylic, rubber, and spring steel components.
- Plan, execute, and complete procurement activities as per target dates and share regular project progress updates.
- Look to optimize within the budget allocated for the activity line through negotiations and new sources of material suppliers
- Forwards request for high value/volume items to the level above
- Maintains and updates database of all the statutory documentation from the vendors/suppliers
Key Skills
- Vendor Development
- Negotiation & Costing
- Excel (Cost Comparison / MIS)
- SAP / ERP Procurement
- Vendor Follow-up & Coordination
- Planning and Execution Skills
Improvements
- Monitor purchase expenditure for the activity line and shares inputs with the level above on improving both, quality and cost.
- Looks for new sources of material in both international and local markets and shares any leads with the level above
Scope Of Decision Making
- Works under direct guidance and detailed work instructions, with close monitoring and review from the level above.
- Takes decisions on relatively routine activities associated with the material purchase from vendor/supplier such as commercial terms, vendor evaluation etc. and escalates any deviations/hurdles
- Key Result Areas
- Material Availability: Ensure timely availability of materials and parts.
- Vendor Negotiation: Negotiate with vendors for critical items.
- Inventory Control: Coordinate with senior management to optimize inventory.
- SOP Adherence: Follow standard operating procedures for vendor evaluation and purchasing.
- Cost Optimization: Find new sources and negotiate for cost-effective procurement.
- Vendor Management: Maintain vendor database and ensure quality audits.
- Expenditure Monitoring: Track and report purchase expenditure for improvement.
- Documentation: Maintain and update statutory documentation from vendors
- Key Interfaces
Internal Interfaces
External Interfaces
- All associates for SciTech Centre
- Senior management (for coordination and approvals)
- Quality department (for vendor audits and material inspections)
- Factory personnel (for feedback on vendor performance)
- Inventory control team
- Vendors/Suppliers (for procurement and negotiations)
- ACG Group Companies (for supply and coordination)
Minimum Requirement
Desired
Level of Education
- BE/BTech – Engineering
- BE/BTech – Engineering (preferably Mechanical, Production)
Experience
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