Aurolab
Website:
aurolab.com
Job details:
Job Summary
The Candidate will oversee end-to-end procurement activities, ensuring cost-efficiency, supplier reliability, and process optimization. The role requires expertise in purchasing activities, vendor development, negotiation, payment term restructuring, and cross-functional collaboration to align procurement strategies with organizational goals.
Roles & Responsibilities
- Manage day-to-day procurement activities, including purchase order issuance, order tracking, and delivery coordination.
- Ensure compliance with procurement policies and collaborate with stakeholders (e.g., production, QA, finance) to align procurement with demand forecasts.
- Strategic Sourcing - Identify, evaluate, and onboard alternate vendors to mitigate supply chain risks and reduce dependency on single sources.
- Conduct market research, supplier audits, and capability assessments for new vendors.
- Negotiate and implement favourable payment terms to optimize cash flow.
- Handle price negotiations with suppliers to achieve annual cost savings targets through Total Cost of Ownership (TCO) analysis and other saving opportunities.
- Drive initiatives like bulk buying, vendor consolidation, and material substitution.
- Develop and maintain strong relationships with key suppliers through regular performance reviews and feedback sessions.
- Resolve supplier disputes, quality issues, and delivery delays proactively.
- Implement supplier scorecards to monitor KPIs (e.g., on-time delivery, defect rates).
- Analyse and reduce lead times through improved forecasting, supplier coordination, and inventory planning.
- Collaborate with logistics teams to streamline inbound shipments.
- Partner with QA teams to address defects, implement corrective actions (CAPA), and reduce rejection rates.
- Generate dashboards to track procurement metrics (e.g., savings achieved, supplier performance, lead time trends).
Qualifications
- Bachelor’s degree in supply chain management, Business Administration, or MBA preferred.
- 3–7 years of experience in procurement, vendor management, or supply chain roles.
- Proficiency in ERP systems (e.g., SAP, Microsoft Business Console) and procurement tools (e.g., Coupa, Ariba).
Preferred Industries
- Manufacturing, Pharmaceuticals, FMCG, or Medical Devices.
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