Procurement Strategist Leader

1 day ago

Mysore, Karnataka, India beBeeStrategist Full time ₹ 2,15,59,000 - ₹ 2,69,19,000
Job Description

We are seeking an experienced Procurement Strategist to lead our procurement function. This role 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:
  • Develop strategic procurement plans 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 analytics tools.
  • 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.
Required Skills and Qualifications:
  • 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.
  • 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.
  • 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.
Benefits:
  • Opportunity to develop and execute strategic procurement plans.
  • Chance to work with a talented and diverse team.
  • Competitive compensation and benefits package.
  • Career growth and professional development opportunities.
  • Collaborative and dynamic work environment.

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