Head of Procurement

Immediate opportunity for the

Please connect with me in LinkedIn for swift response.

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Role Overview

Head – Procurement

Key Objectives

• Strategic Sourcing:

  Develop and execute procurement strategies across IT and non-IT categories.

• Cost Efficiency:

  Drive cost savings through vendor consolidation, negotiations, and demand planning.

• Compliance & Risk:

  Ensure strict adherence to regulatory, audit, and internal procurement policies.

• Vendor Management:

  Build and govern a high-performing vendor ecosystem with strong SLAs and KPIs.

• Digital Enablement:

  Champion automation, e-sourcing, and analytics-driven procurement processes.

• Stakeholder Collaboration:

  Partner closely with business, finance, legal, and compliance teams.

• Team Leadership:

  Lead, mentor, and grow a high-performing procurement team.

A. Key Position Responsibilities

Responsibility Description

1

Strategic Procurement & Sourcing

Develop and implement category strategies across IT (hardware, software, cloud, services) and non-IT (facilities, marketing, HR, admin, etc.). Conduct spend analysis and identify savings opportunities.

2

Vendor & Contract Management

Build a robust vendor ecosystem with clear SLAs/KPIs, manage performance reviews, and lead contract negotiations to secure favorable terms, mitigate risks, and ensure timely renewals.

3

Compliance & Risk Governance

Ensure full compliance with internal procurement policies, RBI guidelines, and audit requirements. Conduct vendor due diligence, risk assessments, and ensure governance frameworks are followed.

4

Digital Transformation & Process Optimization

Lead automation initiatives including e-sourcing, e-auctions, and spend analytics. Implement dashboards and reporting tools for procurement visibility and strategic decision-making.

5

Stakeholder Engagement

Partner with internal stakeholders — business units, finance, legal, technology — to ensure procurement strategies align with organizational priorities. Advise leadership on procurement best practices.

6

Team Leadership

Lead, mentor, and build procurement team capabilities. Foster a high-performance culture focused on innovation, accountability, and business enablement.

B. Key Performance Indicators (KPIs)

• Cost Savings Achieved:

  % year-on-year reduction in procurement spend.

• Procurement Cycle Time:

  Average time from requisition to PO issuance.

• Vendor SLA Compliance:

  % of vendors meeting agreed SLAs/KPIs.

• Contract Coverage Ratio:

  % of total spend under formal contracts.

• Strategic Sourcing Penetration:

  % spend through competitive sourcing (e.g., RFPs, e-auctions).

• Digital Procurement Adoption:

  % of processes digitized and automated.

• Vendor Risk Assessment Coverage:

  % of vendors assessed for financial, operational, and compliance risk.

C. Qualifications & Experience

Education:

• MBA / PGDM in

  Supply Chain, Operations, Finance

  , or related field.
• Preferred certifications:

  CPSM, CIPS

  .

Experience:

• 12–18 years of experience in procurement, including

  5+ years in a leadership role

  managing both technology and non-technology categories.
• Prior exposure to

  banking, financial services, or large-scale enterprise procurement

  is highly desirable.

D. Organizational Network & Stakeholders

• Internal:

  Business Heads, COO, CFO, Corporate Services, Procurement Committee.

• External:

  IT and non-IT vendors, strategic sourcing partners, service providers.

E. Competency Requirements

Technical Skills:

• Proven expertise managing procurement for

  IT (hardware, software, cloud, services)

  and

  non-IT (facilities, marketing, HR, admin)

  categories.
• Deep knowledge of

  contract lifecycle management, SLA/KPI frameworks, and vendor governance

  .
• Familiarity with

  RBI procurement guidelines

  , audit protocols, and risk frameworks.
• Experience with

  SAP Ariba, Coupa, Oracle Procurement Cloud

  , or similar platforms.
• Proficiency in

  e-sourcing, e-auctions, and workflow automation

  .
• Strong data analysis and dashboarding capabilities for procurement insights.

Soft Skills:

• Leadership experience managing

  cross-functional teams

  and building procurement capabilities.
• Strong negotiation skills with vendors and internal stakeholders.
• Strategic thinker with ability to align procurement with

  business and transformation goals

  .
• Excellent communication and stakeholder management skills, including CXO-level interactions.
• Analytical and proactive approach to problem-solving and risk management.

Role Summary

strategic leadership opportunity

With Regards,

Victor