Procurement Engineer

Procurement Engineer

Job Purpose: To spearhead Sourcing activities focused on new product development and legacy product re-sourcing by collaborating with project managers, design/development engineers and quality engineers where you’ll be required to identify, evaluate, and select suppliers capable of delivering technical products and services to the Company while meeting quality and cost objectives. Regularly communicate project status to Company stakeholders and management. Responsibilities:Scout for new suppliers who possess the technical capabilities and expertise needed to enhance our products and services.Develop and implement procurement strategies that align with our goals and objectives, emphasizing cost savings.Collaborate with cross-functional teams to understand the technical aspects of our product design needs and identify appropriate suppliers.Lead the selection, development, qualification, approval, and monitoring of suppliers.Conduct research and Requests for Quotes (RFQ) to evaluate potential suppliers' capabilities, capacity, and quality, negotiating pricing and payment terms to meet our requirements.Participate in establishing Supplier Agreements and/or Company-Supplier Terms & Conditions (T&Cs) to foster beneficial partnerships.Develop and maintain mutually beneficial relationships with suppliers through site visits, performance meetings, and virtual engagements.Ensure early supplier involvement in the product design process to optimize outcomes.Conduct competitive bidding among the supply base and perform comparative analysis to identify the most cost-effective opportunities.Maintain detailed project tracking spreadsheets and provide regular progress updates to management.Monitor project timelines closely and issue purchase orders to meet delivery requirements.Host supplier project meetings, documenting action items, due dates, and ownership.Identify and mitigate potential risks in the supply chain, such as geopolitical, economic, or logistical risks.Provide support to team members on technical issues and questions related to ongoing supplier selection and order fulfillment.Actively contribute to the development of metrics, reports, and management review presentations as needed.Ensure compliance with Quality System and relevant standards.Lead or participate in continuous improvement projects focused on supplier quality, delivery, and productivity.Key Attributes:Strategic thinker with a focus on long-term procurement goals.Results-oriented with a proven ability to achieve cost savings and process improvements.Detail-oriented with strong leadership and team communication skills.Adaptable and able to thrive in a fast-paced and dynamic environment.Qualifications:Bachelor’s degree or higher in Engineering, Business Administration, or Supply Chain Management.Minimum of 5 years' experience in commodity/category management or procurement.Excellent negotiation, communication, and interpersonal skills.Knowledge of NPD processes for product development and commercialization.Ability to work independently and manage multiple priorities.Strong analytical and problem-solving skills.Proficiency with ERP systems and MS Office Suite (Excel, PowerPoint, Word).Industry experience with purchasing and quality management systems preferred.