Procurement Head - Direct/Indirect - Business Conglomerate (15-25 yrs)

Position: Head Procurement

Hiring for A renowned organization in the consumer goods sector, the company has a rich legacy of over eight decades in the industry. Known for innovation, quality, and trust, they are a market leader in our segment with a diverse product portfolio that reaches millions of households across India.

Background

The Head of Procurement will oversee procurement functions for direct and indirect materials, services, and strategic sourcing for a portfolio worth - 800- 1000 Cr. This role involves building a robust procurement roadmap, ensuring business alignment, and driving cost optimization through technology and innovative practices.

Key Responsibilities

1. Procurement Management

- Direct the procurement of raw materials, commodities, finished products, CAPEX items, and services, ensuring alignment with business goals.

- Manage the complete procure-to-pay cycle, including business requirement validation, competitive RFQs/Auctions, and ensuring supplier quality and timely delivery.

2. Supplier Network Development

- Identify and develop global and domestic suppliers, fostering alternate supplier bases to ensure business continuity.

- Analyze market trends and supplier networks to align procurement strategies with consumer megatrends and emerging product developments.

3. Strategic Risk Management & Negotiation

- Anticipate and mitigate risks by leveraging data analytics, preparing control strategies, and negotiating robust supply agreements.

- Proactively manage at-risk components within the supply chain to minimize disruptions.

4. Stakeholder Collaboration & Localization

- Collaborate closely with internal stakeholders to align procurement efforts with business specifications and expectations.

- Lead localization projects, identifying and developing cost-effective sourcing options in alignment with market dynamics.

5. Technology-Driven Process Optimization

- Implement advanced systems, including SAP Ariba, to optimize indirect spend management and procurement processes.

- Track key functional metrics to continuously improve spend efficiency, validate business requirements, and renegotiate contracts to maximize value.

6. Quality Assurance

- Drive and maintain stringent QC/QA standards for procured materials and services, ensuring compliance with organizational quality benchmarks.

Qualifications & Experience

Educational Requirements:

- A Bachelor's or Master's degree in Engineering/Science, complemented by an MSc or MBA in Procurement, Material Management, Supply Chain Management, or Business Administration.

Experience:

- A minimum of 15 years in procurement, including 5 years in a leadership role, handling procurement portfolios worth - 800- 1000 Cr.

- Proven expertise in costing, tax implications, and leading high-value negotiations.

Key Skills:

- Strong commercial acumen, negotiation abilities, and stakeholder management expertise.

- Experience in implementing technology-driven procurement solutions to enhance efficiency.

Role Impact & Success Metrics:

This role is pivotal in building a resilient procurement framework to drive business growth through cost optimization, localization, and supplier collaboration. Success will be measured by:

Improved procurement efficiencies and reduced costs.

Seamless stakeholder alignment to deliver on specifications and expectations.

Robust risk management strategies to ensure supply chain continuity.

Effective utilization of technology for streamlined procurement operations.