Deputy Manager

About Function/Department About Bennett, Coleman & Co. Ltd. (The Times of India) We are India's largest media conglomerate, known for our leading publications such as The Times of India, The Economic Times, and many others. With a rich heritage of over 180 years, we are dedicated to delivering news, information, and entertainment to millions of readers across the country. Our commitment to journalistic excellence, innovation, and integrity makes us a trusted name in the industry. As our reputation precedes us, we are a Print++ company, with print being our core, on a transformative journey to bring newer content consumption experiences. Come be a part of our growing family About the Position Business and Commercial handles the Supply Management function in our company. It is a key contributor to the company's competitiveness and performance by managing materials used by the organization efficiently and effectively. The function is responsible for procurement and management of raw materials, consumables, and services for the organization. Areas of Responsibility • Procurement Planning: Work with a range of internal stakeholders to clearly identify procurement needs, oversee timelines and budget and ensure adherence to savings & other strategic objectives. Initiate negotiations and vendor relationship management. Optimize overall costs and focus on enhancing operational efficiencies. • Negotiations: Price discovery, external benchmarking and negotiating the most competitive prices, SLAs and contract terms. Identifying clear external benchmarks and collating the details of various cost components. Consistently improving cost competitiveness of the suppliers • Vendor Management: Prepare RFI/RFQ Management, identify potential suppliers and contract management & governance, Manage vendor accounts reconciliation. Develop a clear understanding of suppliers’ strategic strengths, supplier performance evaluation, expand supplier network and maintain consistent vendor performance and engagement. New product development & trials execution • Operations Management: Manage conflicts, resolve escalations, ensure user satisfaction, ensure documentation compliant with Internal & External Audit standards, review delivery timelines, SAP operations (MM module). Inventory management & optimization. Ensuring compliant import operations • Logistics: Confirm order with vendor; prepare internal approval note; coordinate sign off on the internal approval note; finalize the legal terms and conditions with the vendor; liaise with finance for financial transactions and legal for contracts; organize kick off meeting between supplier and modernization for handover on delivery and execution; resolve escalations by modernization (user) with respect to supplier in order to ensure installation of equipment to user satisfaction • Contract Management: Review status of vendor deliveries against orders released, supervise timely follow-up with vendors, monitor changes in user requirements during implementation and communicate appropriately to vendors, coordinate with Finance for vendor payments to ensure timely delivery of orders and execution of projects as per project plan. Educational Qualifications Required B.E. / B.Tech. + MBA Relevant Experience 3 - 5 years of experience in Procurement function specifically Capital Expenditure, Vendor Management