Vice President:- Purchase - PM

Strategic Leadership & Planning

• Procurement Strategy: Define and implement a long-term, multi-year procurement strategy covering all direct and indirect categories, aligned with business objectives for growth, profitability, and operational efficiency.

• Spend Management: Oversee and manage the organization's total third-party spend, increasing the percentage of spend under strategic management to maximize value and cost efficiency.

• Budgeting & Forecasting: Lead the annual procurement budgeting process and provide accurate cost forecasts, savings projections, and financial insights across all procurement categories.

• Category Management: Establish and manage a robust category management framework with deep market intelligence, supplier landscape analysis, and cost driver insights for key spend categories.

Direct Procurement (Supply Continuity, Quality & Cost Optimization)

• Strategic Material Sourcing: Lead sourcing of critical production materials and components to ensure security of supply, regulatory compliance, and optimal landed cost.

• Inventory Optimization: Collaborate with Operations and Supply Chain teams to optimize inventory levels and support Just-in-Time (JIT) or lean inventory strategies.

• Supply Risk Management: Develop and implement supply chain resilience strategies, including dual-sourcing and risk mitigation plans for critical materials.

• Value Engineering: Partner with Engineering and R&D teams to drive cost reduction through material substitution, design-to-cost initiatives, and supplier innovation.

Indirect Procurement (Operational Efficiency & Total Cost of Ownership)

• TCO Management: Implement Total Cost of Ownership (TCO) models for major indirect spend categories such as IT systems, facility services, logistics, and professional services.

• Stakeholder Engagement: Act as a strategic partner to internal departments (HR, IT, Marketing, Finance) to understand business needs and deliver value-driven procurement solutions.

• Procure-to-Pay Optimization: Streamline and automate P2P processes to improve user experience, enhance compliance, and reduce maverick spending.

• Service Level Management: Establish and monitor Service Level Agreements (SLAs) and performance metrics for key service providers and outsourced vendors.

Supplier Relationship & Contract Management

• Supplier Relationship Management (SRM): Establish a formal SRM program for strategic suppliers to strengthen collaboration, performance, and long-term partnerships.

• Negotiation & Contracting: Lead complex negotiations for high-value contracts and long-term agreements while ensuring favorable commercial terms.

• Supplier Performance Management: Monitor supplier performance across quality, delivery, cost, and compliance metrics, ensuring corrective action plans when required.

• Contract Lifecycle Management: Ensure effective contract drafting, execution, and lifecycle management to protect the organization's legal and commercial interests.

Compliance, Governance & Sustainability

• Procurement Governance: Establish and enforce procurement policies, processes, and governance frameworks aligned with legal, regulatory, and internal control requirements.

• Ethical Sourcing: Promote corporate social responsibility and sustainability by implementing ethical sourcing standards and supplier diversity initiatives.

• Risk Management & Reporting: Provide regular reporting to executive leadership on procurement performance, cost savings, and critical supply chain risks.

Team Leadership & Organizational Development

• Talent Development: Recruit, mentor, and develop a high-performing procurement team, fostering strategic thinking, innovation, and ethical business practices.

• Cross-Functional Leadership: Represent procurement in executive committees and cross-functional strategic initiatives to ensure alignment with organizational goals.

Qualification:- Any Graduate & MBA in SCM