Procurement Manager · Mumbai

• Strategic Sourcing & Vendor Management

• Develop and execute comprehensive procurement strategies aligned with company objectives.

• Identify, evaluate, and onboard suppliers globally, with an emphasis on quality, compliance, and sustainability.

• Negotiate and manage contracts, terms, and agreements to secure optimal pricing, delivery schedules, and service levels.

• Stay updated on market trends, pricing fluctuations, and emerging suppliers to inform procurement decisions.

• Formulate and execute local or alternate procurement and negotiation strategies, aligning with Procurement leadership and business counterparts.

• Operational Excellence

• Monitor and manage procurement Key Performance Indicators (KPIs), including cost savings, lead times, and supplier performance.

• Implement procurement best practices and leverage digital tools to streamline processes and enhance efficiency.

• Analyze spending patterns and identify opportunities for cost reduction and value creation.

• Drive and conduct cost negotiations, including spot negotiations for day-to-day purchases of products/services across various categories (e.g., infrastructure, facilities, IT, HR).

• Drive and track commercial value through savings (cost reduction, cost avoidance, and working capital) and added value generation.

• Support new vendor identification, development, and inventory management as needed.

• Compliance & Risk Management

• Conduct thorough supplier audits and risk assessments to ensure compliance and mitigate potential disruptions.

• Maintain meticulous documentation for traceability and audit purposes.

• Work closely with departments such as Finance, Legal, IT, HR, and Facilities to ensure a smooth vendor empanelment process.

• Identify process gaps and collaborate with the Procurement Department Head to update Standard Operating Procedures (SOPs) and policy documentation regularly.

• Represent the Procurement department for internal and external audits, furnishing necessary information and documentation.

• Team Leadership & Development

• Lead and mentor a team of buyers and procurement analysts, fostering a culture of accountability, innovation, and continuous improvement.

• Provide direction and support to team members to ensure timely completion of tasks.

Qualifications

• Education: Bachelor’s or Master’s degree with extensive experience in handling procurement responsibility.

• Experience: At least 15 years of progressive experience in procurement or supply chain roles, with a minimum of 5 years in managerial or leadership capacity.

• Technical Proficiency: Strong knowledge of global sourcing, contract law, and regulatory compliance. Proficiency in ERP systems (e.g., SAP, Oracle) and procurement analytics tools.

• Negotiation & Communication: Exceptional ability to negotiate complex contracts and communicate effectively with diverse stakeholders at all levels.

• Analytical Thinking: Proven expertise in data analysis to support strategic procurement decisions and identify opportunities.

• Project Management: Demonstrated ability to manage multiple procurement projects simultaneously from conception to completion.

• Leadership: Capable of leading and motivating cross-functional teams and mentoring junior procurement staff.

• Adaptability: Ability to work effectively in a fast-paced, cross-cultural, and evolving business environment.

• Familiarity with international trade regulations and customs procedures. (Preferred Attributes)

• Understanding and implementation of vision, ideas, and changes in line with Senior Leadership expectations. (Preferred Attributes)