Tekvaly - Procurement Lead (5-7 yrs)

About the job:

Overview:

- The Procurement Lead plays a crucial role in overseeing the procurement function within the organization.

- They are responsible for developing and implementing strategic procurement initiatives to optimize the sourcing and purchasing of goods and services while ensuring cost-effectiveness and quality.

- The Procurement Lead collaborates with internal stakeholders and external suppliers to drive efficiency and effectiveness in the procurement processes, contributing significantly to the organization's overall success.

Key Responsibilities:

- Develop and implement procurement strategies aligned with organizational objectives

- Lead procurement processes, including supplier selection, negotiation, and contract management

- Manage supplier relationships and conduct performance evaluations

- Identify cost-saving opportunities and implement cost reduction initiatives

- Collaborate with cross-functional teams to understand and address procurement needs

- Ensure compliance with procurement policies, regulations, and ethical standards

- Analyze market trends and industry developments to inform procurement decisions

- Oversee the procurement of goods and services to meet quality and timeline requirements

- Monitor and report on key procurement metrics and performance indicators

- Lead and mentor the procurement team to achieve departmental goals

- Contribute to the development and improvement of procurement processes and systems

- Manage and resolve any procurement-related issues or disputes

- Participate in supplier diversity and sustainability initiatives

- Collaborate with finance and legal departments on procurement-related matters

- Stay updated on best practices and emerging trends in procurement

Required Qualifications:

- Bachelor's/Master's degree in Business Administration, Supply Chain Management, or relevant field

- Proven experience in procurement, sourcing, or supply chain management

- Strong understanding of procurement principles, practices, and procedures

- Excellent negotiation and contract management skills

- Demonstrated ability to develop and execute procurement strategies

- Proficiency in analyzing data and market trends to make informed procurement decisions

- Ability to effectively communicate and collaborate with internal and external stakeholders

- Leadership experience and the ability to mentor and develop a procurement team

- Knowledge of relevant laws, regulations, and ethical standards in procurement

- Strong analytical and problem-solving skills

- Familiarity with procurement software and tools

- Certification in procurement or supply chain management is a plus

- Proven track record of driving cost-saving initiatives and process improvements

- Ability to work in a fast-paced and dynamic environment

- High level of integrity and ethical conduct in procurement practices

Skills: Negotiation,supplier management,strategic sourcing,contract management,supply chain,analytical skills,communication,leadership