Lucy Electric
Website:
lucyelectric.com
Job details:
Job Purpose
Support Lucy Electric's procurement function by sourcing, developing, and managing suppliers for direct and indirect materials, ensuring cost-effective procurement, quality compliance, and uninterrupted material availability to support manufacturing operations.
Job Context
- Individual contributor role within the Purchasing & Materials function.
- Responsible for supplier development, sourcing, negotiation, procurement planning, and cost optimization.
- Works closely with Engineering, Quality, Production, Planning, and global procurement teams.
Job Dimensions
- Ensure timely procurement and uninterrupted supply of materials to support production schedules.
- Achieve annual cost reduction targets through strategic sourcing and negotiations.
- Maintain supplier delivery performance and quality standards.
- Ensure compliance with company purchasing policies and procurement procedures.
- Support localization and supplier development initiatives.
- Manage RFQs, supplier evaluations, contracts, and procurement documentation.
Key Accountabilities
These Will Include
- Source and develop suppliers in line with company purchasing policies and quality requirements.
- Obtain quotations, analyze commercial offers, and conduct techno-commercial evaluations.
- Negotiate pricing, payment terms, delivery schedules, and commercial agreements with suppliers.
- Coordinate with Engineering and Quality teams for new supplier and component development.
- Review engineering drawings, specifications, and material requirements before sourcing activities.
- Monitor supplier performance related to quality, cost, and delivery.
- Identify and implement cost reduction and value engineering opportunities.
- Ensure timely placement of purchase orders and follow-up for on-time deliveries.
- Support localization projects and alternate source development.
- Maintain procurement records, contracts, supplier agreements, and compliance documentation.
- Resolve supplier-related issues and drive continuous improvement initiatives.
- Coordinate with internal stakeholders to ensure smooth material flow and production support.
- Support audits and ensure adherence to QMS, EHS, and company procurement standards.
- Travel as required for supplier visits, audits, and development activities.
Qualifications, Experience & Skills
- BE/B.Tech in Mechanical Engineering.
- Minimum 5-8 years of experience in Purchase, Sourcing, or Supply Chain within a manufacturing environment.
- Hands-on experience in supplier development, strategic sourcing, and procurement processes.
- Ability to read and understand engineering drawings and technical specifications.
- Strong knowledge of machined components, sheet metal parts, fabricated assemblies, molded components, and raw materials.
- Experience in techno-commercial negotiations and contract management.
- Working knowledge of ERP systems (SAP/Oracle or equivalent) and MS Office applications.
- Understanding of quality systems, supplier audits, and supply chain best practices.
Behavioural Competencies
- Effective communication and stakeholder management.
- Strong negotiation and influencing skills.
- Problem-solving and analytical thinking.
- Result-oriented approach with commercial acumen.
- Ability to work collaboratively in cross-functional and global teams.
- Strong planning, organizing, and execution skills.
- Structured presentation and reporting abilities.
- Fluency in English and Hindi.
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