Biomedical Procurement, Bengaluru

7+ years of experience as a purchasing manager within the Indian market. Min 1 to 2 yr in Biomedical Capex In-depth knowledge of procurement principles, strategies and best practices. Demonstrable experience in the local market and familiarity with local suppliers and sourcing channels. Strong skills in budgeting, cost optimisation and negotiation techniques.Knowledge of vendor management and inventory management systems. Proficiency in using procurement software and systems. Knowledge of local and national laws and regulations related to procurement. Willingness to work in a fast-paced and competitive environment. Basic Job Profile: Implement procurement systems and tools to streamline processes and enhance efficiency.Source and negotiate with potential suppliers, assess their capabilities and evaluate their suitability based on predefined criteria. Manage supplier relationships, including regular communication, performance evaluations and issue resolution. Collaborate with internal stakeholders to understand their requirements and develop procurement plans accordingly.Continuously evaluate and improve procurement practices, including identifying cost-saving opportunities and process enhancements. Prepare and present reports on procurement activities, performance metrics and cost savings to higher management. Develop and maintain procurement metrics to track performance, identify areas for improvement and report on sourcing effectiveness.Stay updated on regulatory requirements and ensure compliance with applicable laws and regulations related to sourcing activities.