Position: Strategic Procurement Manager. (Senior Manager Level)
Location: Hyderabad
Area to Cover: India, Middle East, and South Africa
Experience: More than 15 years
Qualifications: BE/B. Tech; any post-graduation is preferred
Role Summary:
- The Strategic Procurement Manager will oversee the procurement lifecycle, ensuring effective negotiation, contract management, and stakeholder collaboration to drive optimal value for the business.
- The role requires expertise in category buying, service agreement finalization, and equipment leasing/renting to support operational and strategic objectives. The role involves 10% of transactions apart from strategy.
Key Responsibilities:
Category Procurement & Service Agreements:
- Lead the finalization of all category buying and service agreements, including equipment hiring.
- Conduct comprehensive evaluations of leasing and renting options for various equipment.
Economic Viability & Decision Support:
- Evaluate the life cycle cost of products.
- Assess economic feasibility and propose recommendations on hiring versus owning assets to business leadership.
- Develop cost-saving initiatives and optimize operational budgets in alignment with business goals.
Strategic Negotiation & Planning:
- Conduct robust negotiations to secure favorable terms for the organization.
- Use historical data analysis, forecasting, and Total Cost of Ownership (TCO) assessments to frame strategic procurement decisions.
Regulatory & Safety Compliance:
Ensure all local statutory, regulatory, and safety compliances are adhered to in procurement processes and incorporated into
agreements.
Contract Management & Risk Mitigation:
- Draft, review, and manage contracts with secure terms, including Liquidated Damages (LD), penalties, and bonuses that are crucial for business interests.
- Mitigate risks through clear definition of roles, responsibilities, and deliverables in contracts.
Stakeholder Collaboration:
- Build and maintain strong relationships with internal and external stakeholders to facilitate informed decision-making.
- Collaborate with cross-functional teams to align procurement strategies with organizational needs.
Issue Resolution & Post-Procurement Support:
Resolve post-Purchase Order (PO) disputes, reconciliation, and ensure smooth issue resolution withsite operations and contractors.
Process Improvement & Innovation:
- Drive continuous improvement in procurement processes and implement innovative solutions for better efficiency and cost- effectiveness.
- Leverage digital tools and analytics to streamline procurement functions.
Vendor Management:
- Identify, evaluate, and maintain relationships with key suppliers and vendors.
- Ensure vendor compliance with organizational standards and expectations.
Team Collaboration:
- Collaborate with site buyers and strategy team members to build expertise and enhance overall performance.
- Foster a culture of collaboration, accountability, and innovation within the team.
Procurement MIS:
- Track cost savings and cost avoidance.
- Review and tracking of managed spend /BPA/CPA's
- Prepare and submit monthly MIS reports.
- Track delivery performance.
Key Competencies & Skills:
- Engineering / Industry experience
- Expertise in strategic procurement, contract management, and negotiation.
- Strong knowledge of equipment leasing, renting, and financial analysis.
- Proficiency in commercial instruments like bank guarantees and Letters of Credit at the transactional level.
- Experience with imports, engaging freight forwarders, CHA agents, customs clearance, and logistics.
- Proficiency in Total Cost of Ownership (TCO) assessments and data-driven decision-making.
- In-depth understanding of safety and statutory compliance regulations.
- Exceptional problem-solving, stakeholder management, and communication skills.
- Proven ability to manage risks, define commercial terms, and drive business value.
- Understanding of ERP systems and continuous improvement.
- Advanced analytical mind, Excel and PowerPoint skills
