Head of Acquisition

3 days ago

Kota, Rajasthan, India beBeeProcurement Full time ₹ 2,00,00,000 - ₹ 2,50,00,000

Job Title: Head of Procurement

  • We are seeking an experienced and strategic leader to oversee the procurement function for our organization.

To lead the procurement function, you will be responsible for developing and executing effective sourcing strategies, ensuring cost-effective and timely procurement of materials, equipment, and services required for project execution.

Key Responsibilities:

Strategic Procurement & Planning

  • 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 Power BI, ERP, and MS Excel.

Operational Procurement

  • 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.

Vendor & Contract Management

  • Build and maintain strong relationships with suppliers and key stakeholders (CXO Level).
  • 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.

Skills & Competencies

  • 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 (e.g., SAP/Oracle), MS Excel (advanced), Power BI, and PLM platforms.
  • Knowledge of commercial terms, INCO terms, BG/LCs, and import/export documentation.

Benefits:

This role offers a unique opportunity to make a significant impact on the organization's procurement function. As a leader in this position, you will have the chance to develop and implement innovative strategies, build strong relationships with stakeholders, and drive cost savings through effective procurement practices.

Risk Management & Compliance

  • Ensure all procurement activities comply with organizational 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.

KPIs:

  • On-time material availability for projects
  • Procurement cost savings vs. budget
  • Rate contract/E-auctioning coverage
  • Vendor performance index (OTIF, quality, responsiveness)
  • Contract closure and claim resolution time
  • Internal and external audit compliance
  • Team engagement and capability development
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