LEAD Indirect Procurement

Larsen & Toubro Ltd, commonly known as L&T, is an Indian multinational conglomerate company, with business interests in engineering, construction, manufacturing, technology, information technology and financial services, headquartered in Mumbai. The company is counted among world's top five construction companies.

The L&T Group comprises of 93 subsidiaries, 5 associate companies, 27 joint ventures and 35 jointly held operations, operating across basic and heavy engineering, construction, realty, manufacturing of capital goods, information technology, and financial services.

Specialties

Aerospace, Infrastructure, Shipbuilding, Construction, Defense, Finance, Forging, Hydrocarbon, Information Technology & Engineering Services, Construction Equipment, Railways, Boilers, Process Plant, Turbines, Power, Renewable Energy, Manufacturing, and Green Hydrogen.

Job Title/Role: Lead Indirect Procurement (IT Procurement)

Function: Supply Chain Management

Location: Mumbai

JOB PURPOSE

To lead and manage indirect procurement activities, developing and executing strategies that align with organizational goals, drive cost efficiency, and ensure business continuity. This role focuses on strategic sourcing, supplier qualification, spend analysis, market research, supplier relationship management, and effective contract negotiation.

KEY ACCOUNTABILITIES

Develop and execute category strategies that align with organizational objectives, drive cost optimization, and ensure business continuity through effective demand planning and strategic contracting approaches.

Devise short-term and long-term contracting strategies, leveraging appropriate sourcing models (e.g., consolidated buying, spot buying) to balance cost, risk, and supplier capabilities.

Proactively identify and qualify new suppliers/vendors, including assessments of emerging technologies and innovative solutions to enhance the supply base and drive competitive advantage.

Conduct thorough spend analysis and market research to understand the supplier landscape, determine optimal sourcing channels (OEM vs. non-OEM), and maximize value for the organization.

Manage strategic supplier relationships through robust governance mechanisms, performance management, and continuous improvement initiatives to ensure service excellence and mitigate risks.

Negotiate favorable terms and conditions with suppliers, leveraging deep category knowledge, market insights, and strong negotiation skills to drive cost savings and mitigate risks.

Engage cross-functional stakeholders to understand requirements, communicate sourcing strategies, and ensure alignment with business objectives throughout the sourcing lifecycle.

Explore opportunities to consolidate the group requirement for taking price advantage.

Exposure to Legal Terms and Conditions for robust contracting

Tracking latest trends on Pricing and Business Volumes of various OEM Vendors

Provide guidance and training in the global SP program to internal stakeholders and suppliers

Drive and participate in improvement projects, implementing SP Policies, guidelines and Tools.

Support Category Managers in understanding audit results, follow up on improvement plans and embedding SP Compliance requirements into category strategies

SKILLS AND KNOWLEDGE

Technical Skills:

• Procurement Expertise
• Vendor Evaluation
• Strategic sourcing proficiency
• Robust supplier relationship management
• Costing
• Regulatory and legal compliance knowledge

Behavioral Skills:

• Excellent Communication Skills
• Change Management
• Problem Solving
• Exceptional negotiation abilities
• Stakeholder management expertise
• Strategic and analytical thinking
• Continuous improvement mindset

EDUCATION AND EXPERIENCE

Educational Qualifications: BE/B-Tech or equivalent from a Premier University, Masters in SCM/Materials Management (preferred)

Relevant Experience: 12+ years of ExperienceExperience in implementing procurement best practices, process improvements, Sustainable Procurement and leveraging technology tools/systems to drive efficiencies.