• Sourcing Strategy: Develop and execute category strategies for capital equipment (e.g., production/manufacturing equipment, lab/test equipment, tooling) aligned with business growth plans and capital budgets.
• Supplier Management: Identify, qualify, and manage a global supplier base; negotiate pricing, terms, warranties, and service agreements; build long-term strategic partnerships with key OEMs and equipment vendors.
• Cross-Functional Collaboration: Work directly with Engineering and Operations teams to define technical specifications, evaluate vendor proposals, and ensure equipment selections meet performance, quality, and compliance requirements.
• Contract Negotiation: Lead complex negotiations for capital equipment purchases, including pricing, payment terms, delivery schedules, installation/commissioning support, spare parts, and service level agreements.
• Capital Budget Ownership: Partner with Finance to build, track, and manage the capital equipment budget; provide forecasting, spend analysis, and ROI justification for major purchases.
• Risk & Compliance: Manage supply risk (single-source exposure, lead times, geopolitical/tariff exposure) and ensure procurement activities comply with company policy, export controls, and relevant regulatory requirements.
• Process & Systems: Build and continuously improve procurement processes, approval workflows, and sourcing playbooks; leverage procurement/ERP systems for visibility and reporting.
• Team Leadership: Hire, mentor, and manage a team of buyers/sourcing specialists as the function scales (if applicable).
• Vendor Performance: Establish KPIs and scorecards to track supplier performance on cost, quality, delivery, and after-sales support; drive corrective actions where needed.
• Cost Savings: Identify and deliver measurable cost reduction, cost avoidance, and total-cost-of-ownership improvements across the capital equipment portfolio.