Job Title: Procurement Manager

Department: Supply Chain Services

Reports to: Senior Manager, Procurement – Hamel, MN US

Pay Range: 712,000 to 1,068,000 INR

GENERAL DESCRIPTION:

The Procurement Manager is responsible for an assigned group of commodities within the steel fabrication, contract manufacturing and engineering process to drive quality, delivery, cost efficiency and sustainability of direct material supply throughout product lifecycle. Performs all activities necessary to accomplish cost, schedule and quality objectives in the procurement of fabricated steel components with selected contract manufacturers. Responsible for leading procurement efforts, managing supplier relationships, administer contractual terms and optimize cost to ensure delivery of materials to support technical, production and service requirements. This position impacts on-time delivery of equipment, equipment uptime performance, contributes to cost control activities, and overall customer satisfaction. Manage multiple supplier relationships <50 with a total commodity portfolio of 20-30M.

ESSENTIAL JOB FUNCTIONS:

 Leadership & Talent Development of Procurement Function

• Manage people, materials, and purchasing processes to deliver key metrics and goals, as measured by Supply Chain and leadership for the procurement team.
• Partner with internal stakeholders to understand their needs and our customers’ needs and collaborate to develop best-in-class operations to support these changing needs.
• Provide coaching and support to purchasing team.

 Operational Excellence

• Manage supplier relationships for improvements to materials and services, price and marketing changes, processes, and other changes affecting the delivery of product
• Formulate and implement procurement strategies aligned with Loram’s operational goals and industry standards.
• Establish and maintain strong relationships with suppliers to ensure quality, reliability, and cost-effectiveness.
• Oversee inventory levels to ensure the availability of necessary materials while minimizing excess stock.
• Monitor and manage procurement budgets, identifying opportunities for cost savings without compromising quality.
• Work closely with engineering, manufacturing and operations teams to understand material needs and ensure timely delivery
• Ensure all purchasing and procurement activities comply with company policies and industry regulations, maintain accurate records.

Supplier Relationships and Management

• Conduct detailed demand, spend, cost and market analysis and a structured approach to tendering and negotiating with suppliers given the assigned commodity strategy
• Actively drive and implement for performance improvement and cost reduction opportunities by understanding customer needs, supply market trends and innovation
• Require compliance from suppliers to contracts and purchase order terms and conditions, involving all the performance parameters for which they are contractually responsible
• Implements and maintains superior supply base management techniques and consolidated solution procurement.
• Establish and maintain strong relationships with suppliers to ensure reliable and timely delivery of goods and services.
• Evaluate supplier performance and conduct regular performance reviews.
• Evaluates vendors based on quality, timeliness, and price.
• Negotiate favorable terms, pricing, and contracts with suppliers while minimizing risk.
• Ensure compliance with legal, ethical and company standards in all procurement activities.
• Ensures quality of procured items and addresses problems when they arise.
• Keeps up with trends in purchasing and procurement.

Procurement Process

• Utilize standard procurement processes to evaluate quotations for required materials from qualified suppliers
• Work with buyers to ensure the preparation and issuance of purchases are aligned with business needs
• Experience working with design documentation/engineering drawings a plus
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REQUIRED QUALIFICATIONS:

Education: Bachelor’s Degree in business, engineering, finance, economics or related field

Experience:

• 3+ years Procurement/Purchasing management experience or 7+ years functional expertise in procurement or purchasing
• Strong background working cross functionally with finance, engineering, marketing, and other business functions

Knowledge, Skills and Abilities:

• Expertise in all Microsoft applications, general ERP systems (IFS knowledge a plus)
• Demonstrated ability in building and maintaining interpersonal relationships at all levels of the organization
• Excellent organizational skills
• Effective communication and negotiation skills
• Attention to detail
• Interpersonal skills

PREFERRED QUALIFICATIONS:

• CPM/CPSM/APICS/MBA/Engineering certification or other related licenses
• General understanding of the lean/Six Sigma practices and processes

Experience working with design documentation/engineering drawings a plus

WORKING CONDITIONS:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of the role.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Office deskwork, requiring sitting, walking, using phone & computer
• May include up to 20% travel domestically and potential for international travel
• Can tolerate variable and sometimes challenging conditions during visits or inspections of company equipment in a railroad environment

Position Location:

Loram Rail Maintenance India Pvt Ltd
#512/10, Service Lane, Outer Ring Road,

Mahadevapura, Bangalore. 560048