Procurement Manager
- AuthBridge
- 5 - 10 years
- Noida, Gurugram
- 2 months ago
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Job Description
Job Summary
The Procurement Manager is responsible for developing and executing the organization's procurement strategy to ensure a reliable and cost-effective supply of goods, services, and materials. This role involves managing the end-to-end procurement process, building strong relationships with suppliers, negotiating contracts, and ensuring compliance with procurement policies and procedures. The Procurement Manager will also be responsible for identifying and implementing cost-saving opportunities and driving continuous improvement within the procurement function.
Role & responsibilities
Strategic Sourcing:
- Develop and implement strategic sourcing strategies aligned with the organization's overall objectives.
- Identify and evaluate potential suppliers based on quality, cost, delivery, service, and other relevant factors.
- Conduct market research and analysis to stay informed about industry trends and potential risks.
- Develop and maintain a robust supplier database.
Supplier Relationship Management:
- Build and maintain strong, collaborative relationships with key suppliers.
- Regularly communicate with suppliers to monitor performance, address issues, and explore opportunities for mutual benefit.
- Conduct supplier performance evaluations and implement improvement plans as needed.
Negotiation and Contracting:
- Lead and manage the negotiation of contracts, pricing, and terms with suppliers to achieve the best possible value for the organization.
- Develop and review contracts, ensuring they comply with legal and organizational requirements.
- Manage contract lifecycles, including renewals, amendments, and terminations.
Procurement Process Management:
- Oversee the end-to-end procurement process, from requisition to payment, ensuring efficiency and compliance.
- Develop, implement, and maintain procurement policies, procedures, and best practices.
- Ensure timely and accurate processing of purchase orders and related documentation.
- Manage and resolve procurement-related issues and disputes.
Cost Management and Savings:
- Identify and implement cost-saving initiatives through strategic sourcing, negotiation, process optimization, and value analysis.
- Track and report on procurement savings and performance metrics.
- Conduct spend analysis to identify opportunities for consolidation and efficiency gains.
Risk Management:
- Identify and mitigate potential risks within the supply chain, including supplier financial stability, geopolitical events, and material shortages.
- Develop and implement risk mitigation strategies.
Compliance and Governance:
- Ensure all procurement activities comply with relevant laws, regulations, and organizational policies.
- Maintain accurate and complete procurement records.
- Participate in audits and implement corrective actions as required.
Team Leadership and Development (If applicable):
- Lead, mentor, and develop a team of procurement professionals.
- Set clear performance expectations, provide feedback, and conduct performance reviews.
- Foster a collaborative and high-performing team environment.
Stakeholder Collaboration:
- Collaborate effectively with internal stakeholders across various departments (e.g., Operations, Finance, Engineering) to understand their needs and provide procurement support.
- Communicate procurement strategies and updates to stakeholders.
Technology and Tools:
- Utilize and manage procurement software and tools (e.g., ERP systems, e-procurement platforms).
- Identify and implement new technologies to improve procurement efficiency.
Preferred candidate profile
- Education: Bachelor's degree in Business Administration, Supply Chain Management, Engineering, Finance, or a related field. A Master's degree or relevant professional certifications preferred.
- Experience: 5-8 years of progressive experience in procurement, with at least 2 years in a managerial role. Experience in Overseas procurement is a plus.
- Skills:
- Strong Negotiation Skills: Proven ability to negotiate favorable terms and conditions with suppliers.
- Strategic Thinking: Ability to develop and implement long-term procurement strategies.
- Analytical Skills: Ability to analyze data, identify trends, and make data-driven decisions.
- Financial Acumen: Understanding of cost accounting, budgeting, and financial analysis.
- Contract Management: Expertise in drafting, reviewing, and managing contracts.
- Supplier Relationship Management: Proven ability to build and maintain strong supplier relationships.
- Communication Skills: Excellent written and verbal communication, interpersonal, and presentation skills.
- Problem-Solving Skills: Ability to identify and resolve procurement-related issues effectively.
- Leadership Skills (If applicable): Ability to lead, motivate, and develop a team.
- Technical Proficiency: Experience with ERP systems and e-procurement platforms.
- Knowledge of Overseas Market: Understanding of the specific industry's supply chain and market dynamics.
- Knowledge of Regulatory Requirements: Familiarity with relevant procurement laws and regulations.
Job Classification
Industry: IT Services & ConsultingFunctional Area / Department: Procurement & Supply ChainRole Category: Procurement & PurchaseRole: Procurement / Purchase ManagerEmployement Type: Full timeContact Details:
Company: AuthBridgeLocation(s): Noida, Gurugram
Keyskills: Procurement Management Procurement Negotiation Strategic Procurement overseas Market
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