Procurement Executive (Sourcing)gesvn

1/ JOB SUMMARY
The Senior Sourcing Executive is a critical role responsible for sourcing materials, selecting qualified suppliers, and optimizing the procurement process. This role plays a key part in achieving cost savings, improving supplier relationships, and ensuring the timely acquisition of materials. The Senior Sourcing Executive also contributes to risk analysis, supplier development, and strategic sourcing initiatives.
2/ ESSENTIAL DUTIES & RESPONSIBILITIES
Strategic Sourcing
Drive strategic sourcing initiatives for new materials.
Build and maintain strategic supplier relationships for long-term partnerships and development.
Sourcing Management
Source new items as requested to support various departments within the organization.
Utilize a qualification process to identify and select suitable suppliers.
Negotiate favorable contract terms to achieve cost savings and maximize value.
Resource Management
Manage internal resources effectively to support sourcing and costing for new projects.
Ensure timely completion of sourcing activities to meet project requirements.
Risk Mitigation
Identify materials that pose future risks, such as obsolescence, sole sourcing, or high costs.
Propose alternative solutions to mitigate these risks effectively.
Ensure timely and accurate procurement activities
5. Technical Expertise
Understand materials used in OEM and fabrication.
Identify opportunities and alternatives to reduce material costs and lead times.
Improve the costing process to align with operational speed and market dynamics.
Analyze BOMs and gain a deep understanding of materials from a technical perspective.
Perform final gate checks to ensure the accuracy of Bill of Materials (BOM) costs.
6. Bidding Process
Organize bidding processes for high-value purchases to select cost-competitive suppliers.
7. Supplier Engagement
Visit suppliers for audits, performance feedback, discussions on new technologies, and process improvement consultations.
8. Purchasing
Manage the end-to-end purchasing process, including issuing purchase orders, receiving goods and services, processing invoices, and resolving payment issues.