Chief Sourcing Officer

2 weeks ago

Bengaluru, Karnataka, India beBeeProcurement Full time ₹ 2,00,00,000 - ₹ 2,50,00,000
Job Title: Head of Procurement

This strategic leadership role demands expertise in vendor management, cost control, contract negotiations, and procurement planning specific to the retail or real estate sectors.

  • Key Responsibilities:
  • Develop and implement procurement strategies aligned with business goals for real estate projects, retail products, and related categories.
  • Lead the end-to-end procurement process including vendor identification, selection, negotiation, contracting, and performance management.
  • Establish procurement policies, processes, and systems to ensure efficient, transparent, and cost-effective sourcing.
  • Build and maintain strong relationships with suppliers to ensure consistent supply, quality, and competitive pricing.
  • Monitor procurement budgets, analyze opportunities for cost savings, and ensure compliance with budgetary controls.
  • Develop long-term sourcing strategies for key categories like construction materials, interiors, furniture, fixtures, and retail-related inventories.
  • Manage procurement risks by evaluating suppliers' financial health, delivery performance, and quality benchmarks.
  • Implement technology-driven procurement solutions, enterprise resource planning systems, and dashboards to improve procurement efficiency.
  • Ensure compliance with all supplier contracts and procurement activities.
  • Regularly report procurement performance, cost savings, supplier scorecards, and procurement key performance indicators to top management.
  • Lead, mentor, and develop a high-performing procurement team.

Key Requirements:

  • Education: A bachelor's degree in supply chain management, procurement, business administration, engineering, or a related field. An MBA or postgraduate diploma is preferred.

Experience:

  • A minimum of 12 years of experience in procurement, specifically in the real estate industry.
  • A proven track record of managing procurement for large-scale residential/commercial projects or high-volume retail operations.
  • Strong experience in vendor negotiations, cost control, strategic sourcing, and contract management.

Skills:

  • Excellent negotiation, communication, and analytical skills.
  • Strong knowledge of procurement best practices, supply chain systems, and contract laws.
  • Proficiency in enterprise resource planning procurement modules.
  • Ability to manage multiple projects and vendors simultaneously under tight deadlines.

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