Karamtara - Vice President - Procurement

3 weeks ago

Mumbai, Maharashtra, India Karamtara Engineering Pvt Ltd Full time

About the job

Job Summary:

Karamtara Engineering Ltd is seeking a highly experienced Vice President - Procurement to lead and manage procurement operations, with a primary focus on capital equipment and capex purchases.

The ideal candidate will have at least 20 years of expertise in procuring high-value capital assets, industrial machinery, and raw materials for large-scale projects.

Preference will be given to candidates with experience in the steel, power, or renewable energy sectors.

This role requires deep expertise in global procurement for brownfield and greenfield projects, managing large-volume capex investments, negotiating high-stakes contracts, and ensuring optimal supply chain efficiency.

The VP will play a pivotal role in strategic sourcing, vendor management, and cost optimization for critical capital investments.

Key Equipment & Capex Procurement:

- Lead procurement strategies for high-value capital equipment, industrial machinery, and infrastructure investments.

- Ensure cost-effective sourcing of capex items while maintaining quality, reliability, and long-term asset performance.

- Oversee procurement for brownfield and greenfield projects, ensuring timely acquisition of critical equipment.

Global Procurement & Vendor Management:

- Develop and manage global supplier relationships to secure competitive pricing and favorable contract terms.

- Conduct vendor evaluations to ensure a stable supply of high-quality equipment, materials, and services.

- Negotiate long-term agreements with OEMs and suppliers to optimize procurement costs and mitigate risks.

Strategic Procurement Leadership:

- Formulate and implement procurement strategies aligned with business objectives and project timelines.

- Drive cost-saving initiatives through strategic sourcing, supplier consolidation, and contract optimization.

- Collaborate with engineering and operations teams to ensure procurement aligns with technical specifications and project needs.

Risk & Compliance Management:

- Identify and mitigate risks associated with capex procurement, supply chain disruptions, and vendor agreements.

- Ensure adherence to regulatory requirements, company policies, and ethical procurement practices.

- Implement robust contract management processes to safeguard company interests.

Team Leadership & Budget Optimization:

- Lead, mentor, and manage a high-performing procurement team, fostering a culture of excellence.

- Monitor and optimize procurement budgets, ensuring financial efficiency and cost control.

- Utilize data-driven insights to enhance procurement decision-making and operational efficiency.

Qualifications and Skills:

- Minimum 20 years of experience in procurement, with a strong focus on capital equipment, industrial machinery, and capex investments.

- Proven expertise in global procurement for large-scale brownfield and greenfield projects.

- Extensive experience in the steel, power, or renewable energy sectors is highly preferred.

- Strong negotiation, analytical, and decision-making abilities for high-value procurement contracts.

- Exceptional leadership skills with the ability to manage and motivate a procurement team effectively.

- Proficiency in procurement management software and tools.

- or bachelors degree in supply chain management, business administration, or a related field (Masters degree preferred)

(ref:iimjobs.com)

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