Category Manager - Indirect Material Procurement

We seek a proficient category manager for indirect material category to join our team at GMMCO Ltd. This includes key categories such as capex, IT, logistics, travel & stay and general and admin related expenses. As a Category Manager, you will be responsible for devising and executing category strategies, driving cost optimization, and cultivating robust supplier partnerships. The role demands a proactive and innovative approach to ensure procurement initiatives align with and support overall organizational objectives.

Candidates from EPC Industry Background are preferable.

Key Responsibilities:

Category Strategy Development:

• Define and implement procurement strategies for indirect categories, ensuring alignment with business objectives.
• Conduct market analysis to identify trends, risks, and opportunities within the assigned categories.

2.

• Identify, evaluate, and negotiate with indirect category suppliers.
• Create and execute RFI/RFP/RFQ in collaboration with key internal stakeholders.
• Perform price discovery for materials and services and identify the right price and suppliers for indirect categories.

Supplier Management:

• Lead end-to-end sourcing processes, including RFQs, supplier evaluation, selection, and contract negotiations.
• Develop and maintain strong relationships with key suppliers to ensure performance, innovation, and cost optimization.
• Monitor supplier compliance with contractual obligations and company policies.

Cost Optimization and Value Creation:

• Identify opportunities for cost reduction and value creation across indirect procurement categories.
• Analyze total cost of ownership (TCO) and implement strategies to achieve long-term savings.

Stakeholder Collaboration:

• Partner with internal stakeholders, including Finance, IT, HR, and Administration, to understand procurement needs and deliver tailored solutions.
• Act as a liaison between suppliers and internal teams to ensure seamless communication and alignment.

Governance and Compliance:

• Ensure adherence to procurement policies, regulatory requirements, and ethical standards.
• Drive ethical sourcing practices and sustainability initiatives within procurement functions.

Performance Metrics and Reporting:

• Develop and track key performance indicators (KPIs) to measure procurement efficiency and supplier performance.
• Prepare regular reports and presentations for senior management.

Qualifications:

• Bachelors degree in engineering or technology, or a related field. A masters degree or MBA is a plus.
• Experience of 10+ years as a category manager for indirect material procurement in EPC / Engineering companies / Industrial product companies
• Professional certifications such as CPSM, CPP are advantageous.
• Proven experience in indirect procurement, with a focus on categories such as capex, IT, and general and admin, logistics and travel.
• Strong negotiation, analytical, and problem-solving skills.
• Proficiency in procurement software and tools.
• Excellent communication and stakeholder management abilities.
• Knowledge of market trends and best practices in indirect procurement.

Key Competencies:

• Strategic thinking and decision-making.
• Ability to conduct market research consisting of both primary and secondary research.
• Ability to manage multiple priorities and meet deadlines.
• Strong interpersonal and leadership skills.
• Commitment to ethical sourcing and procurement practices.