Procurement Specialist

Sam Composites; Mumbai; On-site; INR 900,000 - 1,500,000; Full time

Job summary

Sam Composites in Mumbai seeks a procurement professional to lead sourcing strategy, manage domestic and import procurement, and develop reliable supplier networks. You will align purchases with production plans and customer needs, while coordinating with Quality, Design, and R&D for approvals.

The role emphasizes supplier negotiation, cost optimization, and end-to-end procurement execution to support multiple industrial applications.

Qualifications

• Develop sourcing strategies for insulation and composite materials.
• Manage domestic and import procurement of insulation and composite materials.
• Identify reliable suppliers and alternate sources to ensure continuity of supply.
• Coordinate with Quality, Production, Design and R&D teams for approvals.

Responsibilities

• Sourcing strategy development and import procurement management.
• Vendor identification, evaluation, onboarding and performance monitoring.
• Coordinate with cross-functional teams for technical approvals and trials.
• Support cost estimation, pricing, and supplier negotiations.
• Ensure material availability, lead times, and supplier collaboration.

Skills

Strategic sourcing

Vendor development

Procurement optimization

Supply chain planning

Job description

Role & responsibilities

• Develop sourcing strategies for insulation and composite materials, fibers, resins, laminates, core materials, chemicals, tooling, packaging, MRO items, and other procurement requirements.
• Manage domestic and import procurement of insulation and composite materials.
• Identify reliable suppliers and alternate sources to ensure continuity of supply and mitigate procurement risks.
• Conduct market research, supplier benchmarking, and price comparisons for key materials.
• Monitor market trends, commodity prices, import costs, and supplier pricing.
• Plan procurement in line with production requirements, customer orders, project schedules, and sales forecasts.
• Ensure timely reordering and adequate availability of critical materials.

A. Strategic Sourcing & Procurement

• Develop sourcing strategies for insulation and composite materials, fibers, resins, laminates, core materials, chemicals, tooling, packaging, MRO items, and other procurement requirements.
• Manage domestic and import procurement of insulation and composite materials.
• Identify reliable suppliers and alternate sources to ensure continuity of supply and mitigate procurement risks.
• Conduct market research, supplier benchmarking, and price comparisons for key materials.
• Monitor market trends, commodity prices, import costs, and supplier pricing.
• Plan procurement in line with production requirements, customer orders, project schedules, and sales forecasts.
• Ensure timely reordering and adequate availability of critical materials.

B. Vendor Development & Management

• Identify, evaluate, develop, and onboard new domestic and international vendors.
• Conduct technical and commercial evaluation of prospective suppliers.
• Coordinate with Quality, Production, Design, and R&D teams for technical approval of new materials and vendors.
• Develop alternate and backup vendors for critical materials.
• Negotiate pricing, payment terms, MOQ, lead time, credit terms, freight, and other commercial conditions.
• Maintain and update the Approved Vendor List (AVL).
• Monitor vendor performance in terms of quality, delivery, pricing, responsiveness, and service.
• Drive continuous vendor performance improvement and cost optimization.

C. Customer Requirement & Product Development

• Understand the technical requirements of customers and identify the right insulation or composite material to match their application requirements.
• Work with customers and internal technical teams to understand material specifications, application requirements, performance parameters, and industry standards.
• Identify suitable products/materials from existing suppliers or develop new sourcing solutions where required.
• Support product development based on customer requirements.
• Coordinate with suppliers, Quality, Design/R&D, and Production for samples, trials, technical approvals, and product development.
• Support requirements arising from industries such as:
  • a) Electro-Mechanical
  • b) Electronics
  • c) New Energy
  • d) Metal Processing
  • e) Transformer & Switchgear
  • f) Motor & Electrical Equipment
  • g) Other Industrial Applications

D. Technical Procurement & Commercial Support

• Understand BOMs, technical specifications, drawings, material grades, and application requirements.
• Evaluate material suitability based on mechanical, thermal, electrical, and chemical requirements.
• Support the Sales team with technical and commercial inputs for customer enquiries and project closures.
• Identify suitable materials, suppliers, alternatives, and cost-effective sourcing options for ongoing and new projects.
• Coordinate with suppliers for technical documentation, specifications, samples, certifications, and approvals.
• Provide procurement inputs during new product development and project evaluation

E. Sales & Business Development Support

• Provide commercial and technical procurement support to the Sales team for closure of projects.
• Support Sales with material availability, supplier pricing, lead times, MOQ, and alternative material options.
• Coordinate internally to ensure smooth execution of customer requirements after order confirmation.
• Support Upselling and Cross-selling opportunities by identifying additional suitable insulation/composite products for existing customers.
• Identify opportunities for new products and applications based on customer requirements and market trends.
• Support Sales in developing solutions that are commercially viable and competitively priced.

F. Costing, Estimation & Price Management

• Coordinate with the Costing & Estimation team for regular material cost updates.
• Provide inputs for monthly price updates, costing, estimation, and quotation preparation.
• Maintain and communicate supplier price changes and their impact on product costing.
• Support development of appropriate discount structures and commercial pricing.
• Conduct cost benchmarking and cost-breakdown analysis.
• Negotiate with suppliers to achieve cost savings and improved commercial terms.
• Develop long-term price agreements/rate contracts wherever applicable.
• Identify opportunities for cost reduction and value engineering without compromising quality or customer requirements.

G. Supply Chain Planning & Reordering

• Plan the supply chain for key insulation and composite materials based on sales forecasts, customer orders, consumption patterns, production plans, and inventory levels.
• Monitor stock levels and establish appropriate reorder levels, safety stock, and lead times for critical materials.
• Ensure timely reordering to avoid stock-outs and supply disruptions.
• Coordinate with Stores, Sales, Production, and suppliers for material planning and availability.
• Track pending orders, material in transit, expected delivery dates, and delays.
• Proactively identify potential supply constraints and implement corrective actions.

H. Procurement Operations & Import Management

• Manage the PR-to-PO procurement cycle and ensure timely purchase order issuance.
• Handle import procurement activities including supplier coordination, commercial terms, shipment planning, and documentation.
• Coordinate with Logistics/EXIM teams for timely movement and clearance of imported materials.
• Monitor purchase orders, delivery schedules, shipments, and material receipt.
• Coordinate GRN and invoice reconciliation with Stores and Finance.
• Resolve supply, quality, quantity, documentation, and delivery-related issues with vendors.

I. Inventory & Supply Continuity

• Monitor inventory levels for critical raw materials and finished/stock products.
• Minimize stock-outs, excess inventory, slow-moving inventory, and emergency purchases.
• Develop alternate sourcing strategies for critical and long-lead-time materials.
• Ensure procurement decisions support both customer service levels and working-capital optimization.
• Maintain visibility of upcoming material requirements and supply risks.

J. Compliance, Documentation & MIS

• Ensure procurement activities comply with company policies, commercial terms, and approval processes.
• Maintain complete and audit-ready procurement and vendor documentation.
• Maintain vendor records, quotations, comparative statements, POs, contracts, technical documents, and approvals.
• Support ISO and quality documentation requirements.
• Prepare and maintain:
  • Monthly Procurement Dashboard
  • Vendor Performance Scorecard
  • Cost Saving Tracker
  • Procurement Ageing Report
  • Material Availability/Planning Report
  • Critical Material Risk Register
  • Vendor & Price Benchmarking Reports