Procurement Strategist
2 days ago
This is a highly sought-after role that requires exceptional leadership and strategic sourcing skills to lead the procurement function for our business.
The ideal candidate will be responsible for developing and implementing effective sourcing strategies, ensuring cost-effective and timely procurement of materials, equipment, and services required for project execution. They will also be accountable for maintaining strong governance and compliance to procurement policies.
Key Responsibilities:- Develop and implement procurement strategies aligned with business objectives and project timelines.
- Drive bulk buying and project-based procurement for long lead items and engineered bought-outs.
- Establish rate contracts, manage e-auctioning platforms, and oversee price benchmarking for strategic categories.
- Analyze spend data and identify cost optimization opportunities using advanced tools and techniques.
- Oversee day-to-day procurement of project materials including Fabrication & Critical bought-out items
- Ensure timely delivery of materials to meet project schedules across multiple sites and units.
- Manage bank guarantees, letters of credit (LCs), and ensure compliance with financial risk mitigation tools.
- Build and maintain strong relationships with suppliers and key stakeholders.
- Develop a reliable vendor base; evaluate and onboard new vendors with technical and commercial screening.
- Negotiate contracts with suppliers and contractors; ensure contract closure, vendor evaluation, and continuous performance monitoring.
- Resolve vendor claims, legal disputes, and initiate legal actions when necessary in coordination with legal and finance teams.
- Govern all procurement contracts with adherence to credit/debit policies, procurement policies, and contractual SLAs.
- Lead adoption and improvement of procurement processes on ERP, PLM, DPT and data analytics through advanced dashboards.
- Ensure procurement records, approvals, and documentation are accurate and audit-ready.
Functional & Technical Skills:
- Strong knowledge of project procurement, rate contracting, and e-auctions.
- Familiarity with technical specifications of EPC/APC projects and bought-out items.
- Proficiency in ERP systems, MS Excel (advanced), Power BI, and PLM platforms.
- Knowledge of commercial terms, INCO terms, BG/LCs, and import/export documentation.
Leadership & Managerial Competencies:
- Ability to lead a cross-functional team and manage diverse procurement categories.
- Strong negotiation and persuasion skills for high-value/volume sourcing.
- Drive team performance management, KPI tracking, and people development through structured training and mentoring.
- Risk identification, mitigation planning, and strategic decision-making.
- Ensure all procurement activities comply with company policies, ethical standards, and legal requirements.
- Identify risks in the supply chain and develop mitigation strategies.
- Manage contracts, licenses, and documentation related to procurement.
Behavioral Skills:
- High integrity, ethical conduct, and accountability.
- Strong communication and stakeholder management across engineering, project management, finance, and legal functions.
- Agility, problem-solving mindset, and focus on continuous improvement.
- Conflict resolution and team collaboration under pressure situations.
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