Procurement Lead

4 weeks ago

Chennai, Tamil Nadu, India Cortex Consulting Pvt. Ltd. Full time

Procurement Lead (Individual Contributor) - Non IT Procurement Ramanujam IT Tech Park, Tharamani, Chennai

Experience: Minimum 7+ years in Procurement

Gender Preference: Female Candidates Only

Reporting To: HiringManager

Job Summary:

We are seeking a highly experienced and results-driven Procurement Lead to manage our Non-IT procurement operations.

This is an individual contributor role, requiring a professional with a strong background in the end-to-end procurement lifecycle.

The ideal candidate will be a strategic thinker with proven skills in vendor management, negotiations, and compliance.

This role is critical in ensuring our procurement processes are efficient, cost-effective, and aligned with company goals while maintaining the highest standards of quality and ethical practices.

Key Responsibilities:

- End-to-End Procurement Management: Manage the complete procurement process for all non-IT goods and services, including sourcing, requisition, purchase order creation, and vendor payment.

Vendor Strategy and Management:

- Identify, evaluate, and onboard new vendors based on business requirements, quality standards, and cost-effectiveness.

- Conduct rigorous and effective vendor negotiations to secure favorable terms, optimize costs, and achieve significant savings.

- Build and nurture strong, long-term relationships with key vendors to ensure reliability, timely delivery, and smooth operational flows.

Compliance and Risk Management:

- Ensure strict compliance with all company policies, legal regulations, and internal audit guidelines.

- Maintain meticulous documentation for all procurement activities, ensuring an auditable trail.

Performance Tracking and Reporting:

- Develop and monitor key procurement metrics (e.g., cost savings, cycle time, vendor performance).

- Generate and present regular reports to management, providing clear insights into procurement performance and strategic Collaboration:

- Partner closely with various internal departments, including Finance, Operations, and specific business units, to understand their procurement needs and align strategies with organizational objectives.

Process Improvement:

- Continuously identify opportunities to enhance procurement processes through automation, best practices, and innovative sourcing strategies to improve efficiency and reduce costs.

Required Skills & Qualifications:

- Bachelor's degree or MBA in Business, Supply Chain Management, or a related field.

- Minimum of 7 years of hands-on experience in a procurement role, with a strong focus on Non-IT goods and services.

- Demonstrated expertise in end-to-end procurement processes and vendor lifecycle management.

- Exceptional negotiation and communication skills.

- Strong analytical abilities and a data-driven approach to decision-making.

- Knowledge of procurement software and enterprise resource planning (ERP) systems.

- High level of integrity and a solid understanding of ethical procurement practices (ref:iimjobs.com)

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