Strategic Procurement Lead

3 days ago


Mumbai, Maharashtra, India Talent Corner HR Services Pvt Ltd Full time

Talent Corner HR Services Pvt Ltd is seeking an experienced Strategic Procurement Lead to join our team. As a key member of our procurement function, you will be responsible for developing and executing purchasing strategies that drive cost savings and process improvements.

The estimated salary for this role is ₹1,200,000 - ₹1,800,000 per annum, depending on experience and qualifications.

Job Description:

We are looking for a skilled professional with expertise in strategic sourcing, contract management, and supply chain optimization. Your primary responsibilities will include:

Developing and Executing Purchasing Strategies:

  • Identifying opportunities for cost reduction and process improvement through data analysis and market research
  • Developing and implementing effective purchasing strategies to achieve business objectives
  • Collaborating with cross-functional teams to ensure alignment and execution of procurement plans

Tracking and Reporting Key Functional Metrics:

  • Monitoring and reporting key performance indicators (KPIs) related to procurement spend, savings, and supplier performance
  • Analyzing data to identify trends and areas for improvement
  • Providing recommendations to senior leadership on procurement strategy and tactics

Negotiating Strategies and Closing Deals:

  • Developing and executing negotiation strategies to achieve optimal terms and pricing
  • Crafting and presenting compelling value propositions to suppliers and stakeholders
  • Building strong relationships with key suppliers and vendors

Partnering with Stakeholders:

  • Collaborating with internal stakeholders to ensure clear requirements documentation and procurement planning
  • Communicating effectively with suppliers and vendors to ensure timely delivery and high-quality products/services

Market Trends and Risk Management:

  • Forecasting price and market trends to identify changes in buyer-supplier power dynamics
  • Assessing and mitigating risks associated with supplier performance, market fluctuations, and regulatory changes
  • Developing contingency plans to address potential risks and disruptions

Qualifications and Skills:

  • Bachelor's degree in Supply Chain Management, Business Administration, or a related field
  • Minimum 4 years of experience in procurement, supply chain, or a related field
  • Strong analytical and problem-solving skills, with the ability to collect and analyze data to inform procurement decisions
  • Excellent communication and interpersonal skills, with the ability to build strong relationships with stakeholders and suppliers
  • Ability to work independently and collaboratively as part of a team
  • Proficiency in MS Office, with experience in procurement software a plus


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