Procurement Engineer
CurrentLed a team of procurement professionals, overseeing all aspects of procurement operations, including sourcing, vendor selection, and contract negotiation.Developed and implemented procurement strategies that resulted in a 15% reduction in procurement costs while maintaining high product quality.Collaborated with cross-functional teams to understand project requirements and ensure timely delivery of materials and equipment.Established and maintained strong relationships with suppliers, conducting regular vendor performance evaluations and driving continuous improvement initiatives.Managed complex RFQ/RFP processes, evaluating vendor proposals, and negotiating contracts to secure favorable terms and conditions.Implemented inventory management best practices, reducing excess inventory levels by 20% and improving cash flow.Evaluated supplier risk and implemented risk mitigation strategies to ensure a stable supply chain.Implemented procurement software solutions to streamline processes, improve data accuracy, and enhance reporting capabilities.Purchase related all responsibility - New Vendor Development, Price Negotiation with vendor, PO releasing, Material Delivery and Payment etc.Maintaining records/database of various categories of approved suppliers.Conducted market analysis and supplier evaluations to identify cost-saving opportunities and mitigate supply chain risks.