Compliance Specialist Jobs Opening in GE POWER CONVERSION INDIA PRIVATE LIMITED at Chennai

Job Overview:

We are seeking an experienced and detail-oriented Procurement Specialist to join our dynamic team. The successful candidate will be responsible for overseeing the procurement process, from sourcing suppliers to negotiating contracts and ensuring timely delivery of goods and services. The Procurement Specialist will play a crucial role in optimizing costs, maintaining supplier relationships, and contributing to the overall efficiency of the organization.

Key Responsibilities:

Sourcing and Supplier Management:

Identify potential suppliers, conduct negotiations, and establish and maintain strong relationships with vendors.

Evaluate supplier performance, ensuring adherence to quality standards, delivery schedules, and cost-effectiveness.

Contract Negotiation and Management:

Negotiate terms and conditions with suppliers to secure advantageous agreements.

Draft and review contracts, ensuring compliance with company policies and legal requirements.

Cost Optimization:

Analyze pricing proposals, terms, and conditions to identify opportunities for cost savings.

Implement strategies to optimize procurement costs while maintaining product and service quality.

Procurement Process Oversight:

Manage end-to-end procurement processes, from requisition to delivery, ensuring timely and efficient execution.

Collaborate with internal stakeholders to understand their procurement needs and provide effective solutions.

Market Research and Trends:

Stay informed about market trends, industry best practices, and regulatory changes related to procurement.

Recommend innovative approaches to improve procurement processes and achieve organizational objectives.

Skills:

Exceptional communication and interpersonal skills.

Attention to detail and accuracy in data analysis.

Ability to work independently and collaboratively in a team environment.

Strong organizational and time-management skills.

Knowledge of relevant industry regulations and compliance standards.