Procurement Specialist

Job title: Procurement Specialist

Location: Ghaziabad

About Us

Ingersoll Rand is a Fortune 500 company with a passion for making lives better. We do this by living our values, and through a relentless focus on the success of our customers and partnering with our employees to think and act like owners. We believe in sustainability through the development and distribution of a broad range of global brands designed to meet the needs of our customers in both efficient and responsible ways. Ingersoll Rand is a diverse and inclusive environment. For more information visit: www.irco.com.

Job Overview

Responsible for sourcing, evaluating, and procuring materials, equipment, and services needed for a company's operations by identifying suitable suppliers, negotiating contracts, managing supplier relationships, and ensuring compliance with product specifications and quality standards, all while aiming to achieve the best possible price and terms for the company, requiring strong technical knowledge, analytical skills, and excellent negotiation abilities.

Responsibilities

• Supplier Identification and Evaluation: Research and identify potential suppliers based on technical requirements, quality standards, and market competitiveness.
• Contract Negotiation: Negotiate pricing, delivery schedules, payment terms, and other contractual conditions with suppliers to secure favourable deals.
• Vendor Management: Build and maintain strong relationships with suppliers, addressing any issues or concerns to ensure smooth delivery and quality control. Resolve any supply chain issues.
• Technical Analysis: Understand technical specifications of required materials and services to ensure they meet Product/project requirements.
• Cost Optimization: Analyse supplier quotes and identify opportunities to reduce procurement costs while maintaining quality.
• Compliance Management: Ensure all procurement activities adhere to company policies, legal regulations, and industry standards.
• Collaboration: Work closely with engineering teams, project managers, and other departments to identify procurement needs and align with project timelines.
  
  

Requirements

• Relevant degree, B.Tech./BE or equivalent degree in Mechanical or Electrical Engineering from a reputed university.
• 7-10 years’ experience in a Procurement/Purchasing role and managing the procurement/purchasing of materials in line with production and customer requirements and, ideally within automotive or manufacturing.
  
  

Core Competencies

• Technical Expertise: Strong understanding of engineering principles, materials science, and relevant industry standards.
• Negotiation Skills: Proven ability to negotiate complex Projects/Product/Component and achieve favourable terms with suppliers.
• Analytical Skills: Capability to analyse supplier proposals, market trends, and cost data to make informed procurement decisions.
• Communication Skills: Excellent written and verbal communication to effectively interact with internal stakeholders and suppliers.
• Project Management Skills: Ability to manage procurement activities within project timelines and budgets.
• Market Knowledge: Awareness of current market trends and supplier landscape within the relevant industry.
  
  

Preferences

• Relevant degree, B.Tech./BE in Mechanical or Electrical Engineering.
  
  

Travel & Work Arrangements/Requirements

• Travel (As and When required)
  
  

What We Offer

• We are all owners of the company! Stock options (Employee Ownership Program) that align your interests with the company's success.  
• Yearly performance-based bonus, rewarding your hard work and dedication 
• Leave Encashments
• Maternity/Paternity Leaves
• Employee Health covered under Medical, Group Term Life & Accident Insurance
• Employee Assistance Program 
• Employee development with LinkedIn Learning 
• Employee recognition via Awardco 
• Collaborative, multicultural work environment with a team of dedicated professionals, fostering innovation and teamwork.