The Indus Valley - Head - Procurement/Purchase/Sourcing (10-20 yrs)

Position: Head of Procurement

Reports to: Senior Management

Direct Reports: Procurement Team

Experience Required: 10+ years in procurement, including 5+ years in a managerial role

Location: Chennai

Job Summary: Join The Indus Valley as our Head of Procurement and steer our procurement strategies to new heights. This senior leadership role is pivotal in shaping our procurement initiatives to enhance health and wellness in every home. We seek a strategic visionary with exceptional negotiation skills and a proven track record in procurement management.

Key Responsibilities:

1.Strategic Leadership:

- Craft and execute innovative procurement strategies aligned with our mission.

- Identify and drive cost-saving opportunities and process efficiencies.

2.Supplier Partnerships:

- Forge and maintain strong, beneficial relationships with key suppliers.

- Secure favorable contracts and ensure top-tier supplier performance.

3.Operational Excellence:

- Oversee the entire procurement lifecycle, ensuring full compliance and streamlined processes.

- Implement cutting-edge procurement systems and tools.

4.Cross-functional Collaboration:

- Partner with finance, legal, and other departments to align procurement with business goals.

- Integrate procurement strategies with company-wide objectives.

5.Cost and Risk Optimization:

- Leverage market insights to make cost-effective and risk-averse procurement decisions.

- Ensure high quality and cost efficiency in procurement activities.

6.Contract Management:

- Manage all aspects of procurement contracts, from drafting to compliance and renewals.

7.Continuous Improvement:

- Drive process improvements and adopt industry best practices.

- Lead initiatives for procurement automation and digital transformation.

8.Performance Reporting:

- Provide actionable insights through detailed procurement reports and KPI tracking.

9.Team Leadership:

- Inspire, mentor, and develop a high-performing procurement team.

- Foster a collaborative and innovative team culture.

10.Budget and Forecasting:

- Oversee procurement budgeting and financial forecasting.

- Ensure procurement activities align with financial goals.

11.Cross-department Coordination:

- Coordinate with marketing, sales, and operations to ensure procurement supports all business activities.

Skills and Qualifications:

- Bachelor's in Supply Chain Management, Business Administration, Engineering, or related field; Master's preferred.

- Extensive experience in strategic procurement and supplier management.

- Strong leadership and team-building capabilities.

- Exceptional negotiation and communication skills.

- Proficiency with procurement software and systems.

- Knowledge in mechanical, metallurgy, and engineering sectors is advantageous.

- Certification in Supply Chain Management (CSCP, CPSM, or equivalent) is a plus.

- Familiarity with 5S and lean management practices.

Notes:

- Managerial approval needed for transportation allocation.

- Role requires a high degree of independence and responsibility.