Purchase Engineer / Manager

Job Summary:
The Purchase Engineer / Manager is responsible for overseeing the procurement of materials, equipment, and services necessary for the companys operations. This role involves managing supplier relationships, negotiating contracts, ensuring the timely delivery of high-quality materials, and working closely with internal teams to meet production and project requirements. The Purchase Engineer / Manager ensures that all purchasing activities are cost-efficient and in compliance with company policies and industry standards.

Key Responsibilities:
Procurement Strategy & Planning:

Develop and implement procurement strategies to ensure the timely acquisition of materials, equipment, and services.
Collaborate with engineering, production, and project teams to understand material and equipment requirements.
Evaluate and select suppliers based on cost, quality, delivery time, and service to ensure reliable supply chains.
Monitor market trends, industry best practices, and emerging technologies to optimize procurement activities.
Supplier Management:

Identify, evaluate, and establish relationships with new and existing suppliers to ensure competitive pricing and high-quality materials.
Conduct regular supplier assessments to ensure they meet performance expectations and quality standards.
Negotiate terms and conditions with suppliers, including pricing, delivery schedules, and payment terms, to achieve cost savings and mitigate risks.
Resolve supplier-related issues, such as delays, quality discrepancies, or contractual disputes, in a timely manner.
Cost Control & Budgeting:

Develop and manage the procurement budget, ensuring cost-effective purchasing decisions.
Identify opportunities for cost reduction through supplier negotiations, alternate sourcing, or process improvements.
Conduct cost-benefit analysis to determine the most economical purchasing options for the company.
Track and report procurement expenses, ensuring compliance with budgetary limits and financial goals.
Purchase Orders & Contracts:

Create and process purchase orders in accordance with company policies and procedures.
Ensure that all procurement documents, including contracts, purchase orders, and supplier agreements, are accurate and complete.
Work closely with the legal team to review and finalize contracts, ensuring that all terms and conditions align with company policies.
Monitor and track the delivery of goods and services, ensuring that suppliers meet delivery schedules.
Inventory Management:

Coordinate with warehouse and inventory teams to ensure adequate stock levels of raw materials, spare parts, and other supplies.
Work with production teams to plan inventory requirements based on production schedules and forecasted demand.
Monitor inventory levels to prevent overstocking or stock shortages, optimizing storage costs and ensuring uninterrupted production.
Quality Assurance & Compliance:

Ensure that all purchased materials and equipment comply with company quality standards and specifications.
Collaborate with quality control teams to inspect and verify the quality of incoming materials, taking corrective actions when necessary.
Ensure that all procurement activities comply with relevant industry regulations, safety standards, and environmental guidelines.
Maintain accurate records of all procurement transactions, including vendor agreements, invoices, and delivery receipts.
Collaboration & Cross-functional Support:

Work closely with the engineering and production teams to understand technical specifications for materials and equipment.
Collaborate with finance and accounting departments to ensure timely processing of invoices and payments to suppliers.
Participate in cross-functional meetings to align procurement activities with project timelines and organizational goals.
Provide regular updates to senior management on procurement activities, supplier performance, and cost savings.
Continuous Improvement:

Implement continuous improvement initiatives to optimize procurement processes, enhance supplier performance, and reduce lead times.
Stay updated on procurement technologies, market trends, and supply chain innovations to drive operational excellence.
Participate in training and development programs to enhance procurement skills and knowledge.
Qualifications:
Bachelors degree in Mechanical Engineering, Industrial Engineering, Supply Chain Management, or a related field.
5+ years of experience in procurement or supply chain management, preferably in manufacturing, engineering, or industrial sectors.
Strong knowledge of procurement processes, supplier management, and contract negotiations.
Excellent communication and negotiation skills.
Proficiency in procurement software and ERP systems.
Strong analytical skills with the ability to evaluate suppliers and manage costs effectively.
Attention to detail and a strong commitment to quality and compliance.
Preferred Qualifications:
Masters degree in Engineering, Business Administration, or Supply Chain Management.
Certification in procurement or supply chain management (e.g., CPIM, CPSM).
Experience with Lean or Six Sigma methodologies.
Familiarity with industry-specific regulations and standards.