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Chief Procurement Officer
2 weeks ago
This is an exciting opportunity for a seasoned Procurement Expert to lead our procurement function, driving strategic sourcing strategies and ensuring cost-effective and timely procurement of materials, equipment, and services required for project execution.
We are seeking a highly skilled and experienced professional who can develop and implement effective procurement strategies aligned with business objectives and project timelines.
Key Responsibilities- Sourcing Strategies: Develop and implement procurement strategies that align with business objectives and project timelines.
- Bulk Buying & Project-Based Procurement: Drive bulk buying and project-based procurement for long lead items and engineered bought-outs.
- Rate Contracts & E-Auctions: Establish rate contracts, manage e-auctioning platforms, and oversee price benchmarking for strategic categories.
- Spend Analysis: Analyze spend data and identify cost optimization opportunities using Power BI, ERP, and MS Excel.
- Project Materials Procurement: Oversee day-to-day procurement of project materials including fabrication & critical bought-out items.
- Timely Delivery: Ensure timely delivery of materials to meet project schedules across multiple sites and units.
- Risk Mitigation: Manage bank guarantees, letters of credit (LCs), and ensure compliance with financial risk mitigation tools.
- Relationship Building: Build and maintain strong relationships with suppliers and key stakeholders (CXO Level).
- Vendor Evaluation: Develop a reliable vendor base; evaluate and onboard new vendors with technical and commercial screening.
- Contract Negotiation: Negotiate contracts with suppliers and contractors; ensure contract closure, vendor evaluation, and continuous performance monitoring.
- Regulatory Compliance: Ensure all procurement activities comply with company policies, ethical standards, and legal requirements.
- Risk Identification: Identify risks in the supply chain and develop mitigation strategies.
- Contract Management: Manage contracts, licenses, and documentation related to procurement.
- Procurement Knowledge: Strong knowledge of project procurement, rate contracting, and e-auctions.
- Technical Specifications: Familiarity with technical specifications of EPC/APC projects and bought-out items.
- ERP Systems: Proficiency in ERP systems (e.g., SAP/Oracle), MS Excel (advanced), Power BI, and PLM platforms.
- Commercial Terms: Knowledge of commercial terms, INCO terms, BG/LCs, and import/export documentation.