Procurement Strategist
2 weeks ago
We are seeking a skilled Procurement Strategist - Inventory Management Specialist to oversee the procurement of consumables, manage vendor relationships, and ensure seamless inventory management processes at WCube.
Key Responsibilities- Develop Effective Procurement Strategies: Design and implement cost-effective strategies for sourcing consumables, ensuring quality standards are met.
- Vendor Relationship Management: Identify, evaluate, and maintain relationships with key vendors, ensuring reliable supply chains and consistent service quality.
- Inventory Management Optimization: Collaborate with internal teams to maintain optimal inventory levels, minimize waste, and ensure timely replenishment.
- Contract Negotiation and Performance Metrics: Negotiate favorable terms and contracts with suppliers, monitoring supplier performance against key metrics such as delivery timelines, cost savings, and quality compliance.
- Cost Reduction and Cross-Functional Collaboration: Identify opportunities to reduce procurement costs without compromising quality or operational efficiency, working closely with operations, logistics, and finance teams.
- Bachelor's degree in Supply Chain Management, Business, or a related field; Master's degree is a plus.
- Minimum 5-7 years of experience in procurement, vendor management, and sourcing, preferably in consumables or inventory-driven industries.
- Proven track record of managing complex vendor networks and handling site-level sourcing requirements.
- Strong negotiation, analytical, and problem-solving skills.
- Proficiency in procurement software, ERP systems, and inventory management tools.
- Excellent communication and stakeholder management abilities.
- Ability to multitask, prioritize, and work under tight deadlines in a fast-paced environment.
The estimated salary for this role is ₹15,00,000 - ₹25,00,000 per annum, based on industry standards and market conditions in Gurugram.
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