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Eureka Forbes Ltd

Category Lead-Procurement

15-17 Years
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  • Posted 2 days ago
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Job Description

Job Purpose:

To manage the complete procurement and sourcing process for Electronics(PCBA , Wire Harness , Eeprom chips , Pumps , Motors etc.) , Sheet Metal, Water coolers , Water Softeners , Vaccum Cleaners , Air Purifiers and Imported Appliance categories. The role focuses on ensuring cost-effective buying, developing reliable suppliers, and maintaining smooth material availability. This position also plays a key part in cost optimization, localization, and Make in India initiatives.

Key Responsibilities:

Sourcing & Procurement

  • Plan and manage sourcing for key components and high-value materials.
  • Handle annual procurement budgets and ensure cost control.
  • Streamline and centralize the procurement process for better governance.
  • Identify and onboard new domestic and international suppliers as per business needs.
  • Manage import procurement for finished goods from countries like China and Thailand.
  • Spares procurement and management

Cost Management & Negotiation

  • Analyze spend data to identify cost-saving opportunities.
  • Use zero-based costing and should costing to track and control expenses.
  • Review product BOMs and conduct cost benchmarking.
  • Negotiate with suppliers to achieve annual cost reduction goals.
  • Implement transparent price revision and cost-control systems.

Vendor Development

  • Develop and manage reliable suppliers for electronics, sheet metal, and appliances.
  • Build strong partnerships with EMS vendors and improve supplier performance.
  • Work closely with suppliers to ensure on-time delivery, quality, and cost efficiency.

Make in India / Localization

  • Lead Make in India projects for imported appliances like Vacuum Cleaners and Air Purifiers.
  • Shift from SKD/CKD imports to local manufacturing through domestic partners.
  • Develop local component suppliers to reduce import dependence and improve cost competitiveness.

Inventory & Supply Chain

  • Set and maintain stock levels at factories and implement VMI (Vendor Managed Inventory).
  • Coordinate with planning and production teams for timely material availability.
  • Identify and manage risks across the supply chain.

Key Results Areas (KRAs):

  • Yearly cost reduction achievement
  • Supplier performance on quality, delivery, and pricing
  • Procurement budget control
  • Localization / Make in India progress
  • Inventory and stock norm compliance
  • Process and policy governance

Skills & Strengths:

  • Strong sourcing and category management skills
  • Excellent in cost analysis, negotiation, and supplier management
  • Strategic thinking with hands-on approach
  • Good at relationship management and teamwork
  • Proficient in SAP / Oracle ERP and Advanced Excel

Required profile:

  • Experience: Min. 15 years of experience in vendor development, sourcing , procurement and vendor management
  • Education: Graduate/PG from reputed institution in Engineering (Electrical Engineering or Mechanical Engineering )

Industry Type: Consumer Durable/ Consumer Appliance

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About Company

Job ID: 144220861