Key responsibilities
Sourcing and vendor management:
Identify, evaluate, and onboard reliable suppliers for raw materials and other necessary goods and services. Build and maintain strong, long-term relationships with these vendors.
Negotiation:
Negotiate favorable prices, delivery timelines, and credit terms with suppliers.
Procurement execution:
Raise and process purchase orders (POs) based on approved requirements.
Logistics and delivery:
Ensure timely delivery of materials to avoid production delays, coordinating with logistics and transport teams.
Quality control:
Follow up with suppliers to verify material quality and ensure compliance with industry standards.
Inventory management:
Monitor stock levels and coordinate with the production planning team to ensure material availability, sometimes implementing just-in-time (JIT) strategies to optimize inventory.
Market monitoring:
Stay updated on market rates, price trends, and policy changes in the iron and steel sector.
Record keeping and reporting:
Maintain comprehensive purchase records, vendor information, and price lists. Use ERP systems to manage procurement data and generate regular reports for management.
Compliance:
Ensure all procurement activities comply with company policies, safety, and audit requirements.
Required skills and qualifications
Technical knowledge:
A background in Mechanical or Metallurgy engineering is often preferred, along with knowledge of raw materials like iron ore, coal, and ferroalloys.
Analytical and negotiation skills:
Ability to analyze market trends, assess vendor capabilities, and negotiate effectively.
Coordination:
Strong ability to coordinate with internal departments like production, stores, and accounts.
Technical skills:
Proficiency with ERP systems for procurement and reporting is beneficial.
Knowledge of industry standards:
Familiarity with quality standards and certifications like ISO 9001 is a plus.
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