procurement sourcing component

8 - 13 years

7 - 11 Lacs

Posted:5 days ago| Platform: Naukri logo

Apply

Work Mode

Work from Office

Job Type

Full Time

Job Description

We are seeking a highly skilled and experienced Senior Global Sourcing/Procurement Engineer to lead and manage sourcing strategies, supplier development, and cost optimization initiatives on a global scale. This role is responsible for identifying, qualifying, and developing suppliers that meet our technical, quality, cost, and delivery requirements. The ideal candidate will bring strong engineering insight into procurement decisions, working closely with cross-functional teams including design, quality, and operations to ensure alignment between sourcing strategies and business goals. The Senior Global Sourcing/Procurement Engineer will also play a key role in risk management, supplier negotiations, contract management, and the implementation of continuous improvement initiatives to support global supply chain resilience and performance.
Responsibilities:
Procure goods, materials, components, and services within specified cost and delivery timelines.
Ensure continuous supply of required materials across all commodities (electronics, components, local/global, R&D).
Manage end-to-end procurement processes for all categories. Resolve price, delivery, or invoice issues with suppliers and submit documents to finance.
Process purchase requisitions and release POs within 2-3 working days for regular requirements, ensuring timely delivery.
Gather technical and commercial information from suppliers before purchasing materials.
Source and develop new/alternative vendors locally and internationally to improve lead times and pricing.
Approve samples from R&D for new vendors.
Collect market data on electronic components from suppliers.
Support R&D with material arrangements for new projects within deadlines.
Assist with product costing and share with HOD for approval. Visit suppliers for quality assessments as required.
Negotiate prices and delivery terms with suppliers, ensuring proper planning. Identify new material sources to reduce costs and obtain samples for approval.
Follow up with vendors on payment terms, price revisions, delivery rates, rejections, and pending payments with the accounts team.
Prepare necessary reports and maintain documentation. Collaborate with internal departments to ensure smooth operation
Qualifications:
Competencies:
  • Strong understanding of

    engineering drawings

    ,

    specifications

    , and

    BOMs (Bill of Materials)

    .
  • Proficiency in

    ERP systems

    (e.g., SAP, Oracle, MS Dynamics) and

    procurement platforms

    (e.g., Ariba, Coupa).
  • Knowledge of

    supply market analysis

    ,

    cost breakdown analysis

    , and

    total cost of ownership (TCO)

    .
  • Experience with

    vendor evaluation

    ,

    contract negotiation

    , and

    supplier development

    .
  • Familiarity with

    compliance standards

    (e.g., RoHS, REACH, conflict minerals) and

    international trade regulations

    .
Experience Requirements:
3 8+ years of experience in procurement, strategic sourcing, or supply chain management, preferably in a global engineering or manufacturing environment.
Experience working with international suppliers, global sourcing strategies, and cross-border procurement processes.
3-8 Year(s) Best in industries
This site uses cookies and related technologies for site operation, analytics, and third party advertising purposes as described in our Privacy and Data Processing Policy. You may choose to consent to our use of these technologies or reject non-essential technologies. To opt-out of sharing with third parties information related to these technologies, select "Decline All".

Mock Interview

Practice Video Interview with JobPe AI

Start Job-Specific Interview
cta

Start Your Job Search Today

Browse through a variety of job opportunities tailored to your skills and preferences. Filter by location, experience, salary, and more to find your perfect fit.

Job Application AI Bot

Job Application AI Bot

Apply to 20+ Portals in one click

Download Now

Download the Mobile App

Instantly access job listings, apply easily, and track applications.

coding practice

Enhance Your Skills

Practice coding challenges to boost your skills

Start Practicing Now

RecommendedJobs for You

Panipat, Yamunanagar, Faridabad, Sonipat, Gurugram, Hisar