Product & Component Knowledge – Understanding electrical/mechanical parts, circuit diagrams, and BOMs.
Supplier Sourcing & Negotiation – Identifying, evaluating, and negotiating with vendors for cost-effective
procurement.
Cost Analysis & Budgeting – Conducting price comparisons, cost-benefit analysis, and tracking market trends.
Quality Assurance – Inspecting materials, ensuring compliance with industry standards (ISO, BIS, etc.).
Inventory & Supply Chain Management – Managing stock levels, MRP planning, and coordinating logistics.
ERP & Procurement Software – Using SAP, Tally, Zoho, or other tools for purchase tracking and inventory
management.
Import/Export Regulations – Handling customs procedures, duties, and supplier documentation for
international sourcing.
Vendor Relationship Management – Building long-term supplier relationships to ensure reliability and quality.
Alternative Sourcing – Quickly finding substitutes for unavailable or costly components.
Risk Management – Identifying supply chain risks and developing contingency plans.
Data Analysis & Reporting – Using Excel, dashboards, and reports for tracking purchases and costs.
Legal & Compliance Knowledge – Understanding contracts, warranties, and supplier agreements.