Procurement Manager

7 hours ago

Navi Mumbai, Maharashtra, India SBI General Insurance Full time ₹ 15,00,000 - ₹ 25,00,000 per year

Job Title: Procurement Manager

Location: Thane, Maharashtra

Experience Required: 710 years

Industry: BFSI

Key Responsibilities

  • Strategic Sourcing & Vendor Management

  • Develop and implement sourcing strategies for indirect categories such as MRO, facility services, travel, office supplies, PPE, and utilities.

  • Identify, evaluate, and onboard suppliers based on quality, cost, and delivery performance.

  • Negotiate contracts and service-level agreements (SLAs) to optimize cost and ensure compliance.

  • Procurement Operations

  • Manage end-to-end procurement cycle: RFQ, PO creation, order tracking, delivery coordination, and invoice reconciliation.

  • Ensure timely procurement of goods/services while adhering to company policies and budget constraints.

  • Maintain accurate purchase records and documentation for audits and reporting.

  • Cross-functional Collaboration

  • Work closely with departments like Finance, Admin, HR, and IT to understand procurement needs and align sourcing strategies.

  • Support CAPEX and OPEX planning by providing cost estimates and supplier insights.

  • Compliance & Risk Management

  • Ensure procurement activities comply with internal policies and external regulations.

  • Monitor supplier performance and conduct periodic reviews to mitigate risks.

  • Reporting & Analytics

  • Prepare weekly/monthly MIS reports on procurement spend, savings, and supplier performance.

  • Use SAP MM or similar ERP systems for procurement tracking and analytics.

Desired Candidate Profile

  • Bachelor's degree in Supply Chain, Engineering, or Business; MBA preferred.
  • 610 years of experience in indirect procurement, preferably in a mid-to-large organization.
  • Strong negotiation, analytical, and communication skills.
  • Proficiency in SAP MM or other ERP systems.
  • Knowledge of procurement best practices and contract management

Interested candidates kindly share resume

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