Procurement Manager

Description

The Procurement Manager will be an experienced professional responsible for leading strategic procurement initiatives, optimizing supplier relationships, and ensuring the cost-effective, compliant, and sustainable sourcing of materials and services. This role demands strong negotiation skills, market intelligence, and cross-functional collaboration to support business growth and operational excellence. The Procurement Manager will also be instrumental in developing and implementing procurement strategies aligned with overall business goals and will assess and mitigate supply chain risks to ensure continuity and resilience.

• Strategic Sourcing & Vendor Management
• Develop and execute comprehensive procurement strategies aligned with company objectives.
• Identify, evaluate, and onboard suppliers globally, with an emphasis on quality, compliance, and sustainability.
• Negotiate and manage contracts, terms, and agreements to secure optimal pricing, delivery schedules, and service levels.
• Stay updated on market trends, pricing fluctuations, and emerging suppliers to inform procurement decisions.
• Formulate and execute local or alternate procurement and negotiation strategies, aligning with Procurement leadership and business counterparts.
• Operational Excellence
• Monitor and manage procurement Key Performance Indicators (KPIs), including cost savings, lead times, and supplier performance.
• Implement procurement best practices and leverage digital tools to streamline processes and enhance efficiency.
• Analyze spending patterns and identify opportunities for cost reduction and value creation.
• Drive and conduct cost negotiations, including spot negotiations for day-to-day purchases of products/services across various categories (e.g., infrastructure, facilities, IT, HR).
• Drive and track commercial value through savings (cost reduction, cost avoidance, and working capital) and added value generation.
• Support new vendor identification, development, and inventory management as needed.
• Compliance & Risk Management
• Conduct thorough supplier audits and risk assessments to ensure compliance and mitigate potential disruptions.
• Maintain meticulous documentation for traceability and audit purposes.
• Work closely with departments such as Finance, Legal, IT, HR, and Facilities to ensure a smooth vendor empanelment process.
• Identify process gaps and collaborate with the Procurement Department Head to update Standard Operating Procedures (SOPs) and policy documentation regularly.
• Represent the Procurement department for internal and external audits, furnishing necessary information and documentation.
• Team Leadership & Development
• Lead and mentor a team of buyers and procurement analysts, fostering a culture of accountability, innovation, and continuous improvement.
• Provide direction and support to team members to ensure timely completion of tasks.

Qualifications

• Education: Bachelor's or Master's degree with extensive experience in handling procurement responsibility.
• Experience: At least 15 years of progressive experience in procurement or supply chain roles, with a minimum of 5 years in managerial or leadership capacity.
• Technical Proficiency: Strong knowledge of global sourcing, contract law, and regulatory compliance. Proficiency in ERP systems (e.g., SAP, Oracle) and procurement analytics tools.
• Negotiation & Communication: Exceptional ability to negotiate complex contracts and communicate effectively with diverse stakeholders at all levels.
• Analytical Thinking: Proven expertise in data analysis to support strategic procurement decisions and identify opportunities.
• Project Management: Demonstrated ability to manage multiple procurement projects simultaneously from conception to completion.
• Leadership: Capable of leading and motivating cross-functional teams and mentoring junior procurement staff.
• Adaptability: Ability to work effectively in a fast-paced, cross-cultural, and evolving business environment.
• Familiarity with international trade regulations and customs procedures. (Preferred Attributes)
• Understanding and implementation of vision, ideas, and changes in line with Senior Leadership expectations. (Preferred Attributes)

This job posting will remain open a minimum of 72 hours and on an ongoing basis until filled.

Job Engineering

Primary Location India-Maharashtra-Mumbai

Schedule: Full-time

Travel: No

Req ID: 254699

Job Hire Type Experienced Not Applicable #BMI N/A