Develop and execute procurement strategies tailored to the unique needs of a steel foundry and machine shop, ensuring optimal sourcing of raw materials.
Identify, evaluate, and develop strong relationships with domestic/international suppliers and sub vendors for the foundry and machine shop.
Negotiate favorable terms with suppliers and ensure timely delivery of quality materials.
Negotiate favorable terms with sub vendors and ensure timely delivery of outsourced activities and products.
Conduct market analysis to identify potential suppliers, assess their capabilities, and facilitate competitive bidding processes.
Monitor inventory levels and collaborate with production teams to forecast material requirements, preventing shortages or excess stock.
Implement cost-saving initiatives without compromising quality, including supplier audits and performance evaluations.
Ensure compliance with industry regulations and standards, particularly regarding material specifications and safety protocols.
Work closely with engineering and production teams to understand technical requirements and ensure alignment with procurement activities.
Manage import/export documentation and handle customs clearance.
Utilize ERP systems to track orders, manage supplier performance, and streamline procurement processes for efficiency.
Conduct regular assessments of supplier performance metrics, addressing any discrepancies and driving continuous improvement.
Prepare and analyze procurement reports, providing insights to senior management on trends, challenges, and opportunities.
Conduct regular performance reviews of suppliers and manage vendor performance and quality as per ISO and other relevant standards.
Identify and mitigate risks related to supply chain disruptions, material shortages, and price volatility.
Develop contingency plans to address critical supplier issues or material shortages.
Lead and mentor the procurement team, fostering a culture of efficiency, transparency, and collaboration.
Set clear performance goals, provide feedback, and support the professional growth of team members.
