Head of Procurement

1 day ago

andhra pradesh, India SRM University, AP Full time

JOB TITLE: Head – ProcurementJOB LOCATION: SRM – AP, Andhra PradeshREPORTS TO: RegistrarDuties 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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