Job Summary
The CAPEX Procurement role is responsible for managing the procurement of capital goods, equipment, and large-scale projects. This includes vendor identification, contract negotiation, cost optimization, and ensuring timely delivery aligned with project requirements and organizational goals.
Key Responsibilities
- Manage end-to-end procurement of capital expenditure (CAPEX) items such as machinery, equipment, and infrastructure.
- Collaborate with engineering, project, and finance teams to understand technical and commercial requirements.
- Develop and execute procurement strategies for large-scale projects.
- Identify, evaluate, and onboard reliable vendors and suppliers.
- Lead RFQ/RFP processes, bid evaluations, and techno-commercial negotiations.
- Ensure cost efficiency, quality standards, and timely delivery of procured items.
- Draft, review, and manage contracts, purchase orders, and agreements.
- Monitor supplier performance and ensure compliance with contractual terms.
- Track project procurement budgets and control CAPEX spend.
- Ensure compliance with company policies, safety standards, and regulatory requirements.
- Mitigate risks related to supply chain, pricing, and project delays.
Key Skills & Competencies
- Strong negotiation and contract management skills
- Knowledge of capital equipment sourcing and project procurement
- Understanding of technical specifications and engineering drawings
- Financial acumen (CAPEX budgeting, cost analysis, ROI)
- Vendor management and strategic sourcing
- Risk management and problem-solving
- Excellent communication and stakeholder management
Qualifications
- Bachelor’s degree in Engineering, Supply Chain Management, Business Administration, or related field
- MBA (preferred for managerial roles)
- Relevant certifications (e.g., procurement/supply chain certifications) are a plus
Experience
- 3–7 years (Specialist role)
- 7–15+ years (Manager role)
- Experience in industries such as manufacturing, oil & gas, infrastructure, or heavy engineering preferred
Key Performance Indicators (KPIs)
- Cost savings on CAPEX projects
- On-time delivery of equipment/projects
- Vendor performance and reliability
- Compliance with procurement policies
- Budget adherence and cost control
