Global Procurement Specialist

2 weeks ago


Delhi, Delhi, India Panacea Biotec Full time
In the role of Global Procurement Specialist, you will be responsible for driving our company's procurement strategy globally. Your key responsibilities will include:

Key Responsibilities:

1. Global Sourcing:
Analyse global raw material supply and demand trends to inform sourcing decisions. Develop business cases for adopting new suppliers, ensuring alignment with long-term procurement goals. Proactively identify risks and opportunities in global supply markets and adjust procurement strategies accordingly.

2. Supplier Performance Management:
Monitor and evaluate supplier performance using key metrics, including price, quality, on-time delivery, and ESG standards. Establish a balanced sourcing framework that integrates cost, performance, and ESG metrics. Drive supplier excellence by collaborating closely with suppliers to enhance their adherence to ESG standards.

3. Procurement Process Optimisation:
Implement continuous improvement strategies to optimise procurement processes and supplier relationships. Collaborate with cross-functional teams to drive successful execution of procurement initiatives within specified timelines and budgets. Ensure all agreements meet business needs and mitigate risks related to supply chain disruptions.

Qualifications and Skills:

Bachelor's/Master's degree in Economics, Business, or a related field. MBA preferred. Strong analytical skills and understanding of cost economics and global supply and demand dynamics. Experience in negotiating and executing supplier agreements, including finalising commercial terms. Familiarity with ESG frameworks and sustainability metrics in procurement and supply chain management.

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