Procurement Engineer at Raybond Technical Limited

Job Summary

• The Procurement Engineer is responsible for overseeing the purchase of technical equipment and determines the right equipment needed to meet client's needs according to specifications.
• He/she must have vast experience in carrying out Market Research/Surveys, Vendor Relationship Management, Supply Chain Management, Negotiation and Sourcing Suppliers Skills.

Duties and Responsibilities

• Analyze all suppliers in order to select the most suitable suppliers who are able to deliver high quality products at competitive pricing.
• Negotiate with suppliers on lead-time, cost and quality so as to obtain the maximum benefit for the company.
• Manage suppliers to meet objectives related to cost, delivery performance, schedule and quality.
• Develop purchasing or sourcing strategies based on portfolio analyses and supplier preferencing study.
• Define and maintain documented category and supplier strategies using market and competitive data.
• Liaise with suppliers on delivery schedule so as to ensure on-time deliveries of final product.
• Develop, implement and drive the procurement strategies in order to meet cost savings targets.
• Review and manage the supplier base to ensure consistency with the sourcing strategy.
• Perform regular performance review with suppliers to drive continuous improvements.
• Create monthly performance reviews and reports focusing on overall sourcing requirements.
• Ensure commercial, legal and contractual compliances in all the procurement transactions.
• Adopt appropriate supplier management methodologies and procurement strategies in purchasing to secure better prices.
• Coordinate with vendor on continuous quality improvement.