Objectives of this role
Developing and implementing procurement strategies and policies for cost optimisation and enhancing supply chain efficiency.
Identifying, evaluating and selecting suppliers based on quality, reliability, cost-effectiveness and adherence to ethical and sustainability standards.
Negotiating contracts and terms with suppliers to ensure favourable pricing, payment terms and mutually beneficial agreements.
Collaborating with internal stakeholders to understand their requirements and align procurement activities with organizational goals.
Conducting market research and analysis to stay updated on industry trends, supplier capabilities and pricing fluctuations.
Managing supplier relationships, including ongoing performance evaluation, issue resolution and fostering long-term partnerships.
Monitoring inventory levels, analysing demand patterns and implementing inventory management strategies to manage stock levels and avoid shortages or excesses.
Implement procurement systems and tools to streamline processes and enhance efficiency.
Source and negotiate with potential suppliers, assess their capabilities and evaluate their suitability based on predefined criteria.
Manage supplier relationships, including regular communication, performance evaluations and issue resolution.
Collaborate with internal stakeholders to understand their requirements and develop procurement plans accordingly.
Analyses inventory levels, demand forecasts and consumption patterns to optimize stock levels and reduce carrying costs.
Continuously evaluate and improve procurement practices, including identifying cost-saving opportunities and process enhancements.
Prepare and present reports on procurement activities, performance metrics and cost savings to higher management.
Develop and maintain procurement metrics to track performance, identify areas for improvement and report on sourcing effectiveness.
Implement sustainable and socially responsible strategic sourcing practices, including supporting local suppliers and promoting ethical sourcing.
Required skills and qualifications -
Bachelor's degree in supply chain management, business administration or a related field.
Demonstrable experience in the Indian market and familiarity with local suppliers and sourcing channels.
Experience in implementing sustainable and socially responsible procurement practices.
Strong skills in budgeting, cost optimization and negotiation techniques.
Knowledge of vendor management and inventory management systems.
An analytical mind with excellent communication and interpersonal skills.
Ability to work collaboratively with cross-functional teams.
Willingness to work in a fast-paced and competitive environment.