Blue Star Engineering & Electronics - Purchase Specialist

Job Description:

- Develop and maintain a commercially sound Vendor base, survey the market for new supply sources including non-traditional ones and maintain Project Approved Vendor List also evaluate vendor performance on continuous basis.

- Developing vendor evaluation, vendor assessment and onboarding system

- Develop vendor allocation plan for awarding new projects Allocation of share of business to vendor based on their capabilities, financial strengths, resources etc.

- Negotiation with the vendors and finalize the commercial offers as per the project timelines and budgets.

- Cost Savings Achieve the cost savings over the baseline cost as per the plan.

- Service Level Agreement (SLA) Achieve turnaround time for Indent request / RFQ finalization to Vendor PO release & advance payment (30 days)

- Finalizing Pan India rate contracts for commonly bought out items across regions.

- Strengthen the documentation execute long term sub-contracting agreements with key vendors, review purchase order terms and conditions, document price escalation matters etc.

- Release of timely payment to vendors as per the agreed payment terms

- Proficient in creating detailed reports and summaries to support business decision-making

- Ability to design and structure complex models for operational or financial insights.

- Support the Technical teams in cost estimation by providing price and material availability schedules.

- Develop Cost and Budgeting principles for standard proposals; establish validation processes for cost increases/decreases linked to benchmark indices.

- Periodic review of project Billings with Sales and Service heads, addressing Vendor issues faced by regions.

- Formulating the purchasing strategies for different type of projects (Large/ medium/ small, Non-standard / standard projects). Approve purchase orders for bigger value procurements as per purchase / Commercial manual. expediting materials and equipment deliveries for job.

- Develop and implement new purchasing strategies to deliver ongoing cost reductions and process simplification including forecast upcoming demand.

- Manage proper materials/equipment inventory to ensure adequate resources for all projects.

- Maintain relationships with subcontractors and suppliers to continually improve pricing and quality of work.

- Monitor and review market conditions and price & delivery trends for Project materials and equipment, also research new materials for design and cost savings.

Key Requirement for the Position:

- Advanced Excel Mandatory Requirement

- Vendor management along with Sales & Service team Support.

- Execute Purchasing Strategies

- Manages and keeps track of Inventory

- Would be responsible for Market Analysis

- Strategic Negotiations for materials, bought outs, customized systems etc.