Rate Contracts Professional

2 days ago

Chennai, Tamil Nadu, India Larsen & Toubro Ltd Full time ₹ 15,00,000 - ₹ 25,00,000 per year

Workman Management (Contract)

Role

Supply chain / Procurement role in Central Materials department to service 600 project locations across India. Central material does strategic procurement of major commodities like Steel, Cement, Fuel , Frame Agreements ( Rate Contracts), Capital goods, IT Hardware and software and EXIM operations for L&T Construction.

Responsibilities:
  • Strategic sourcing and cost-effective procurement through Annual Rate Contracts (ARC) for PAN L&T requirement.
  • Capture and realize new ARC opportunities.
  • Establish strategic partnership with suppliers on PAN India & PAN L&T basis to ensure long term collaboration and cost efficiency.
  • Establish Price Variation Formula to capture price volatility.
  • Perform market intelligence, vendor base enhancement, vendor evaluation and due diligence.
  • Stakeholder Management including Leadership Management and Vendor Management.
  • Procurement Excellence through governance and compliance, standardization of specifications, process improvement and adherence to Annual Rate Contract.
  • Co-Ordination with various divisions of L&T for smooth running of ARCs.
  • Adoption of Rate Contract items on E-Commerce platform "ConKart" and its development and upgradation to enhance its effectiveness.
  • Upgradation and maintenance of Power BI Dashboard for monitoring adherence, spend and compliance to ARC.
  • Upgradation and maintenance of E-Commerce platform "ConKart" for best User Experience. Upgradation and maintenance of Chatbot for ConKart.

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