Procurement Engineer
Larsen & Toubro Ltd
Work from Office
Full Time
Min. 2 yearsJob Description
Procurement Engineer
To lead and manage the end-to-end procurement activities, ensuring timely availability of materials, equipment, services, while maintaining compliance with project specifications, budgets, quality standards, and contractual requirements.
Procurement Management
- Develop and implement project procurement strategies aligned with project schedules and budgets.
- Manage procurement of civil, mechanical, electrical, and hydro-mechanical equipment and materials.
- Ensure timely sourcing, evaluation, and selection of qualified suppliers and contractors.
- Lead RFQ, tendering, bid evaluation, negotiation, and award processes.
Vendor & Supplier Management
- Develop and maintain a reliable vendor database.
- Conduct vendor assessments, qualification, and performance evaluations.
- Negotiate commercial terms, pricing, delivery schedules, and contractual conditions.
Project Coordination
- Work closely with engineering, planning, construction, and store teams to identify procurement requirements.
- Track critical procurement milestones and ensure alignment with project schedules.
- Monitor supplier manufacturing, inspections, dispatches, and deliveries.
Logistics & Supply Chain Management
- Oversee transportation, customs clearance (if applicable), and site delivery of equipment and materials.
- Ensure uninterrupted material flow to project sites.
- Optimize inventory levels and minimize material shortages.
Cost Control & Budget Management
- Prepare procurement budgets and forecasts.
- Identify and implement cost-saving initiatives.
- Monitor procurement expenditures against approved budgets.
- Prepare procurement reports and management dashboards.
Risk Management
- Identify procurement risks and develop mitigation plans.
- Manage supplier performance risks, delivery delays, and market fluctuations.
- Ensure business continuity through alternate sourcing strategies.
Compliance & Governance
- Ensure adherence to company procurement policies and procedures.
- Maintain compliance with project, statutory, safety, environmental, and quality requirements.
- Support internal and external audits related to procurement activities.
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