Head of Procurement

3 weeks ago

Vijayawada, India SRM University, AP Full time

JOB TITLE: Head – Procurement JOB LOCATION: SRM – AP, Andhra Pradesh REPORTS TO: Registrar Duties and Responsibilities: The Head of Procurement is responsible for overseeing the procurement function, developing procurement strategies, and ensuring the efficient acquisition of goods and services. This role involves leading a procurement team, managing supplier relationships, and implementing cost-effective and efficient procurement practices that align with the organization’s goals and objectives. 1) Strategic Planning: • Develop and implement comprehensive procurement strategies. • Align procurement objectives with the University’s mission and strategic goals. • Conduct market analysis to identify trends and opportunities. 2) Team Leadership: • Lead, mentor and develop the procurement team. • Establish performance metrics and conduct regular evaluations. 3) Supplier Management: • Build and maintain strong relationships with key suppliers and vendors. • Negotiate high-value contracts and agreements. • Monitor supplier performance and resolve any issues or disputes. 4) Cost Management: • Develop and manage the procurement budget. • Identify and implement cost-saving initiatives without compromising quality. • Monitor and report on procurement expenditures and savings. 5) Process Improvement: • Streamline procurement processes to enhance efficiency. • Implement best practices and innovative procurement solutions. • Ensure compliance with legal and regulatory requirements. 6) Risk Management: • Identify and mitigate procurement-related risks. • Develop and maintain a risk management framework for procurement activities. • Ensure business continuity through effective procurement strategies. 7) Stakeholder Engagement: • Collaborate with internal departments to understand their needs and obtain clear technical specifications. • Communicate procurement policies and procedures to stakeholders. • Provide training and support to internal teams on procurement processes. 8) Reporting and Analytics: • Prepare monthly reports on procurement activities, performance, and cost savings. • Use data analytics to improve procurement decisions and develop strategies. • Submit findings and recommendations to senior management. Qualifications, Experience & Skills: • B.Tech / M.Tech or MBA in Supply Chain Management or a related field. Master's degree preferred. • Minimum 15 years of experience in procurement, with at least 8 years in a leadership role. • Strong leadership and team management abilities. • Excellent negotiation and communication skills. • Proficiency in procurement software and ERP systems. • Strong analytical and strategic thinking skills. • Ability to manage multiple projects and priorities. • Certification in Procurement / Supply Management preferred. • Extensive knowledge of procurement regulations and best practices.

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    3 weeks ago

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