Procurement Strategist

24 hours ago

Gurgaon, Haryana, India beBeeStrategic Full time ₹ 80,00,000 - ₹ 1,50,00,000
Job Description:

Key Player in Strategic Procurement

The successful candidate will play a pivotal role in coordinating procurement efforts and supplier relationships to achieve process alignment, optimal pricing, and regional growth.

  • Conduct thorough cost analyses of engineering products and validate prices with suppliers.
  • Promote volume consolidation and negotiate best-in-market prices through strategic partnerships.
  • Implement alternative sourcing strategies for single-supplier risks.
  • Enhance commercial terms with suppliers and mitigate contract-related risks.
  • Develop and implement data-driven spend analytics, benchmarking initiatives, and performance improvement programs.
  • Consolidate vendors in low-spend categories and establish strategic plans for key partners.
  • Implement innovative procurement tools, such as reverse auctions, supplier ratings, and transportation management systems, to boost efficiency.
Key Responsibilities:
  • Collaborate closely with the global procurement team and key stakeholders.
  • Perform comprehensive cost breakups and price validation exercises.
  • Drive volume consolidation and price negotiation efforts.
  • Design and implement alternative sourcing strategies.
  • Manage commercial terms, risks, and supplier relationships.
  • Develop and deploy data-driven spend analytics and benchmarking initiatives.
  • Consolidate vendor bases and develop strategic plans for key suppliers.
  • Implement new tools and technologies to enhance procurement capabilities.

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