Procurement Specialist / Buyer

Siemens•Published 8 hours ago•First seen 3 hours ago

Procurement Specialist / Buyer

Key Responsibilities

Develop and execute commodity strategies for assigned spend categories, ensuring alignment between global sourcing initiatives and local business requirements.
Plan, prepare, and independently lead supplier negotiations across varying purchase volumes to achieve targeted cost savings, improved commercial terms, and optimized payment conditions.
Manage supplier contracts and commercial agreements to ensure business continuity, mitigate supply risks, and support organizational objectives.
Champion sustainability initiatives and digital transformation projects within the procurement function.
Maintain a strong understanding of commodity cost structures and proactively identify opportunities for cost optimization and value creation.
Conduct detailed cost analyses, benchmarking, and cost breakdown assessments to support sourcing decisions and negotiation strategies.
Collaborate closely with Cost Value Engineering (CVE), New Product Development (NPD), Quality, and Engineering teams to leverage supplier innovation and support product development programs.
Drive supplier performance management initiatives focusing on quality, delivery, cost competitiveness, and continuous improvement.
Ensure and drive supply chain governance within department
Managing and Coordinating service contract activities
Drive central procurement initiatives for the department like supplier performance management, claim management, contract management

Desired Skills & Qualifications

Bachelor's Degree in Mechanical Engineering, Electrical Engineering, or a related discipline.
8–10 years of relevant experience in Procurement, Strategic Sourcing, or Buyer roles within manufacturing or engineering industries.
Strong experience in sourcing and procurement of Electrical and Mechanical Assemblies and related components.
In-depth knowledge of procurement processes, including RFQs, supplier assessment and selection, contract management, and commercial negotiations.
Hands-on experience with e-Sourcing platforms, procurement tools, Sustainability and digital procurement processes.
Demonstrated ability to drive supplier performance improvements through effective supplier relationship and performance management.
Strong stakeholder management, collaboration, communication, and cross-functional teamwork skills.
Innovative and strategic mindset with expertise in vendor development, supply continuity, quality assurance, risk management, and cost optimization.
Strong analytical capabilities with proficiency in cost modelling, market intelligence, and spend analysis.

Key Competencies