Sr. Manager - Procurement

Title: Sr. Manager - Procurement

Location: Mumbai (Powai). Candidates looking for remote/hybrid working need not apply.

Summary:

1. Involves overseeing strategic sourcing, vendor management, compliance, cost management, process improvement, technology integration, team leadership, supplier diversity, sustainability, and performance measurement.

2. Involves managing high-performing agile teams, collaborating with cross-functional departments, and contributing to the procurement planning and strategy.

Responsibilities:

1. Manage procurement functions in line with Organizational Goals and Policies

2. Developing, recommending and implementing sourcing strategies to optimize costs while ensuring quality & reliability of supplies & services

3. Overseeing relationships with the vendors, negotiating contracts & managing supplier performance to achieve cost savings & operational efficiencies

4. Ensure procurement of IT/Non IT goods, equipment's, services, etc. in compliance with the Procurement Policy

5. Examine and review existing contracts, policies, sops and recommend areas of improvements

6. Track and report key functional metrics to reduce expenses and improve efficiency and effectiveness

7. Collaborate with stakeholders to align procurement strategies with business objectives and priorities

8. Preparation, Evaluation & Execution of RFP/RFQ as per the company policies

9. Foresee and prevent alterations in the comparative negotiating ability of suppliers and clients

10. Forecast unfavorable events through analysis of data and prepare control strategies

11. Perform risk management for supplier contracts and agreements

12. Control spend and build a culture of long-term saving on procurement costs

13. Track Warranty, AMCs, Other related agreements and initiate timely renewal along with complete Asset Life cycle management

14. Lead and prepare Annual Procurement budgets and MIS reporting, ensure proper budget utilization

15. Leveraging technology solutions to automate processes, gain insights and drive informed decision making

Education: Bachelors degree

Experience:

1. Should have10 plus years of experience in the field of procurement.

2. Proven track record of successfully delivering big projects, preferably from Banking & IT domain.

Certification: Certification in Procurement field will be added advantage

Knowledge:

1. Should have worked on RFP/RFQ, tendering etc.

2. Management and disposal of e-waste

3. Understanding of the CVC guidelines on process of tendering & procurement will be added advantage.

4. Strong knowledge of procurement principles, processes and best practices - Candidates from PSU / PSBs having exposure to IT procurement will be preferred.

Skills required:

1. Strong negotiation skills to secure favourable terms & conditions in contracts, manage supplier relationships and resolve conflicts effectively

2. Excellent Leadership Skills. Building and Leading high-performing agile teams

3. Capability to develop & implement procurement strategies aligned with organisational goals, market trends and industry dynamics

4. Exceptional analytical and conceptual thinking.

5. Should have strong written, verbal and presentation skills.