Head of Procurement

The Head of Procurement holds the responsibility of overseeing the procurement function, developing procurement strategies, and ensuring the efficient acquisition of goods and services. Leading a procurement team, managing supplier relationships, and implementing cost-effective practices aligning with organizational goals are key aspects of this role. Strategic Planning: - Develop and implement comprehensive procurement strategies that align with the University's mission and strategic goals. - Conduct market analysis to identify trends and opportunities for strategic procurement decisions. Team Leadership: - Lead, mentor, and develop the procurement team to ensure efficient performance. - Establish performance metrics and conduct regular evaluations to drive continuous improvement. Supplier Management: - Build and maintain strong relationships with key suppliers and vendors. - Negotiate high-value contracts and agreements while monitoring supplier performance to address any issues promptly. Cost Management: - Develop and manage the procurement budget while identifying and implementing cost-saving initiatives. - Monitor and report on procurement expenditures and savings to maintain financial efficiency. Process Improvement: - Streamline procurement processes to enhance efficiency and implement best practices. - Ensure compliance with legal and regulatory requirements to maintain operational integrity. Risk Management: - Identify and mitigate procurement-related risks through the development of a risk management framework. - Ensure business continuity by implementing effective procurement strategies to address potential risks. Stakeholder Engagement: - Collaborate with internal departments to understand their needs and communicate procurement policies effectively. - Provide training and support to internal teams on procurement processes and procedures. Reporting and Analytics: - Prepare monthly reports on procurement activities, performance, and cost savings. - Use data analytics to improve procurement decisions and develop effective strategies. - Submit findings and recommendations to senior management for informed decision-making. Qualifications, Experience & Skills: - B.Tech/M.Tech or MBA in Supply Chain Management or related field; Master's degree preferred. - Minimum 15 years of procurement experience, with at least 8 years in a leadership role. - Strong leadership, negotiation, and communication skills with proficiency in procurement software and ERP systems. - Excellent analytical and strategic thinking abilities with the capacity to manage multiple projects and priorities. - Certification in Procurement/Supply Management preferred with extensive knowledge of procurement regulations and best practices.,