About the role
Key Responsibilities Strategic Procurement Lead the procurement activities related to rate contracts and framework agreements. Manage large procurement spends across different categories of materials and services. Develop sourcing strategies that support business requirements and organizational goals. Identify opportunities for cost savings and procurement optimization. Review team performance and provide guidance for effective execution of procurement activities. Ensure timely availability of materials and services through effective contract management. Strategic Initiatives Drive initiatives for standardization and consolidation of procurement categories. Promote best procurement practices across business units and locations. Support implementation of digital procurement tools and systems. Develop and maintain material catalogues and benchmarking mechanisms. Work with different business units to increase the scope and utilization of rate contracts. Identify opportunities for process automation and digital transformation. Stakeholder Management Build and maintain strong relationships with key suppliers and service providers. Engage with senior management and business leaders to understand procurement requirements. Collaborate with internal departments to ensure smooth procurement operations. Resolve supplier concerns and establish effective grievance handling mechanisms. Conduct regular discussions with suppliers to improve service levels and performance. Governance and Compliance Ensure compliance with procurement policies, procedures, and guidelines. Monitor contract execution and adherence to agreed terms and conditions. Review exceptions and obtain required approvals for policy deviations. Support internal and external audits by providing necessary documentation and information. Implement corrective actions based on audit observations. Continuously improve procurement processes to enhance efficiency and control. Key Interactions Internal Stakeholders The role interacts regularly with: Finance Department Legal Department Information Technology (IT) Department Corporate Supply Chain Leadership Independent Companies (ICs) Regional Procurement Teams Project and Business Unit Teams These interactions help ensure alignment of procurement strategies, contract compliance, budget management, and operational support. External Stakeholders The role interacts with: Key Vendors and Suppliers Supplier Management Teams Supplier CXOs and Senior Leadership The purpose of these interactions is contract negotiation, supplier relationship management, commercial discussions, and strategic partnerships. Educational Qualification Bachelor's Degree in Engineering (B.Tech) Post Graduate Diploma in Materials Management or equivalent qualification Experience Required Years of Experience 15 to 20 years of relevant experience in Supply Chain Management. Preferred Experience Experience in project-based and manufacturing organizations. Strong exposure to procurement and supply chain operations. Proven experience in handling large-value contracts. Experience in managing teams and leading procurement functions. Good understanding of supply and service contracts. Strong knowledge of tendering, supplier evaluation, negotiation, and contract management processes. Experience in developing and implementing sourcing strategies. Technical Skills The ideal candidate should possess: Procurement Planning Contract Management Commercial Acumen Knowledge of Legal and Commercial Terms Strategic Sourcing Vendor Management Cost Optimization Techniques Spend Analysis Tendering Process Management Negotiation Skills Digital Procurement Systems Knowledge