Procurement specialists usually split procurement activities into two parts:
Sourcing & Procurement
Handling purchases for entire Balance of power plant, Substation,Transmission and distribution packages in oil & gas sector, refineries, infrastructure and power projects by Implementing key procurement strategies / purchase schedules for procuring essential items and ensuring that these strategies / schedules are aligned with organisational objectives.
Control of sourcing, purchasing, inventory control and logistics in support of projects. Ensure maximum value is derived from purchase expenditure by establishing a wide vendor base and maintaining the vendor relationship with partnering concept.
Ensuring continuity of supply while maintaining inventory investment.
Place order for variety of materials and equipment after due diligence of estimated price and volume basis ordering concept.
Ensure timely delivery of materials and services with systematic approach by streamlining the process.
Resolve disputes concerning price, quality and delivery problems. Thereby making the bid to be a competitive one compared to the competitors.
Development of alternate source for the existing products and expanding the vendor data base to have better flexibility Managing resource effectively.
Preparation of financial forecasts related to material keeping the control budget as the basis to achieve cost effectiveness.
Payments to suppliers on timely basis . Payment terms with 180 days scheme have been arrived along with bill discounting
facility to arrive at the best terms which will be beneficial for the Company
Research and select qualified suppliers.
Prepare and issue request for proposals (RFP) for subcontractor support.
Evaluate sub-contractor technical and pricing input.
Personally develop negotiation strategies.
Successfully negotiate complex fixed price and cost type sub-contracts.
Finalise subcontract terms and conditions, cost / price deliverables and schedule requirements.
Manage sub-contractor performance to contract requirements during program execution
Formulating budgets for timely procurement of Electronic Components, Raw materials, Consumables, planning for sub assemblies to ensure smooth execution of projects.
Finalised high value contracts for project management, services for maintenance / modifications / expansion projects.
Deft in generating huge savings in procurement costs by encouraging long term rate contracts.
Key competencies in tendering process, bid evaluations and contract finalisation.
Hard core negotiator with ability to finalise supply contracts on globally competitive terms.
Strength in liasioning with contracting principals to ensure compliance with contract specification and resolution of problems and issues.
An Excellent team leader, trainer and natural motivator.