Lead Procurement Engineer

Job Summary

• The Lead Procurement Engineer is responsible for the procurement or purchasing of technical goods and services of operation. Evaluates new and existing suppliers and negotiate purchase agreements with them. This position ensures that purchased goods and services are delivered in a timely manner.

Job Responsibilities 1

• Develop and implement procurement strategies to support organizational objectives, including cost reduction, quality improvement, and supplier diversification.
• Lead procurement teams, providing guidance, direction, and mentorship to ensure effective execution of procurement activities.
• Collaborate with internal stakeholders, including project managers, engineers, and department heads, to assess procurement needs and develop procurement plans.
• Identify, evaluate, and select suppliers based on criteria such as quality, cost, delivery time, and technical capabilities.
• Negotiate contracts, terms, and pricing agreements with suppliers to secure favorable terms and achieve cost savings.
• Monitor supplier performance, conducting regular assessments and audits to ensure compliance with contract terms and quality standards.
• Resolve issues and disputes with suppliers, addressing quality issues, delivery delays, and other concerns to mitigate risks and maintain project timelines.
• Develop and maintain relationships with key suppliers, fostering collaboration and communication to support long-term partnerships.
• Analyze market trends, conduct supplier research, and stay informed about industry developments to identify opportunities for process improvements and cost savings.
• Maintain accurate procurement records and documentation, ensuring compliance with organizational policies, procedures, and regulatory requirements.