Chief Procurement Officer

14 hours ago

Lucknow, Uttar Pradesh, India beBeeProcurement Full time ₹ 17,50,000 - ₹ 22,50,000
Procurement Strategist Role

We are seeking an experienced procurement strategist to join our organization.

  • Key Responsibilities:
  • Develop and Implement Procurement Strategies: Create and execute effective procurement plans that optimize cost, quality, and delivery timelines.
  • Supplier Management: Identify, evaluate, and establish relationships with suppliers, manufacturers, and vendors to secure the best value for the company.
  • Negotiate Contracts: Negotiate contracts, pricing, and terms with suppliers to secure optimal costs and benefits.
  • Performance Monitoring: Maintain a supplier database, ensuring continuous assessment of performance and compliance.
  • Collaboration and Communication: Work closely with engineering and project teams to understand technical requirements for materials and equipment.
  • Quality Control: Ensure purchased materials comply with engineering specifications, industry standards, and safety regulations.
  • Technical Document Review: Review and approve technical documents, material submittals, and compliance certifications.
  • Market Research: Conduct market research to identify cost-effective alternatives and innovative materials.
  • Cost Analysis: Analyze procurement data and supplier performance to identify cost reduction opportunities.
  • Pricing Trends: Forecast pricing trends and market fluctuations to mitigate financial risks.
  • Logistics Coordination: Ensure timely delivery of materials by coordinating with suppliers and logistics teams.
  • Supply Chain Optimization: Optimize supply chain processes to minimize delays and disruptions.
  • Compliance and Risk Management: Ensure compliance with company policies, industry standards, and legal requirements. Conduct risk assessments related to procurement, including supplier financial stability and geopolitical risks.
  • Contract Dispute Resolution: Manage contract disputes, warranties, and claims in collaboration with legal teams.
  • Process Improvement: Utilize procurement software and ERP systems to streamline purchasing workflows. Generate reports on procurement performance, supplier KPIs, and cost savings.
  • Digital Transformation: Implement digital tools to enhance procurement efficiency and transparency.

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