Lead - Procurement

IPEX Group; Hyderabad; On-site; INR 1,200,000 - 2,000,000; Full time

Job summary

IPEX Group is seeking a Senior Sourcing Specialist in Hyderabad to lead strategic procurement initiatives. You will identify and evaluate suppliers, negotiate contracts, and drive cost savings while maintaining quality and compliance.

This role requires strong cross-functional collaboration with R&D, manufacturing, quality, and finance teams. You will manage supplier relationships, perform risk assessment, and implement continuous improvements in sourcing processes and tools, enhancing overall

Qualifications

• Graduation in Mechanical or Civil Engineering.
• 5–6 years of procurement experience; female candidates preferred.
• Strong analytical and problem-solving skills.
• Excellent negotiation and contract management skills.
• Ability to build and maintain relationships with suppliers and stakeholders.
• Strong project management skills with multiple priorities.
• Proficient in procurement software and ERP/e-sourcing tools.
• Strong communication and interpersonal skills.
• High integrity and professionalism.
• Experience in material handling such as tools & moulds, extruder machines, and injection moulding machines is a must.

Responsibilities

• Strategic sourcing: develop and implement category strategies for cost savings and quality.
• Supplier management: select suppliers based on cost, quality, service, and capability.
• Lead supplier negotiations and manage contracts and terms.
• Collaborate with R&D, manufacturing, quality, and finance to align sourcing.
• Manage risk and mitigate supply chain disruptions.
• Drive continuous improvement of sourcing processes and tools.

Skills

Analytical skills

Negotiation

Contract management

Relationship building

Cross-functional collaboration

Communication

Procurement software

Project management

Education

Mechanical or Civil Engineering degree

Tools

ERP systems

E-sourcing platforms

Job description

Role Summary: The Senior Sourcing Specialist is responsible for developing and executing strategic sourcing strategies to support the company’s procurement objectives. This role involves identifying and evaluating suppliers, negotiating contracts, managing supplier relationships, and ensuring the timely and cost-effective acquisition of high-quality goods and services. The Senior Sourcing Specialist will also collaborate with cross-functional teams to drive process improvements and optimize supply chain efficiency.

Roles and Responsibility:

- Strategic Sourcing

- Develop and implement comprehensive sourcing strategies for assigned categories to achieve cost savings, quality improvements, and risk mitigation.

- Conduct market research and analysis to identify potential suppliers and assess their capabilities.

- Supplier Management

- Identify, evaluate, and select suppliers based on cost, quality, service, and capability.

- Build and maintain strong relationships with key suppliers to ensure continuous improvement in performance and cost.

- Conduct regular supplier performance reviews and address any issues or non-conformance.

- Negotiation and Contract Management

- Lead negotiations with suppliers to secure favorable terms and conditions, including pricing, delivery, and payment terms.

- Draft, review, and manage contracts and agreements, ensuring compliance with company policies and legal requirements.

• Cross-functional Collaboration

- Work closely with internal stakeholders, including R&D, manufacturing, quality, and finance, to understand their requirements and ensure alignment with sourcing strategies.

- Participate in cross-functional teams to support new product development, cost reduction initiatives, and process improvements.

- Risk Management

- Identify potential risks in the supply chain and develop mitigation strategies.

- Monitor and address supply chain disruptions to minimize impact on operations.

• Continuous Improvement

- Drive continuous improvement initiatives to enhance sourcing processes and tools.

- Stay updated on industry trends, best practices, and new technologies to identify opportunities for innovation and efficiency.

Requirement:

• Graduation- Mechanical engineer/Civil Engineer

• 5-6 Years of experience in procurement, Female candidates firstly preferred

• Strong analytical and problem-solving skills.

• Excellent negotiation and contract management skills.

• Ability to build and maintain effective relationships with suppliers and internal stakeholders.

• Strong project management skills with the ability to handle multiple priorities.

• Proficient in using procurement software and tools (e.g., ERP systems, e-sourcing platforms).

• Strong communication and interpersonal skills.

• High level of integrity and professionalism.

• Experience in material handling like tools & moulds, Extruder machines , injection moulding machines is must.