Head Procurement

8 - 13 years

8 - 13 Lacs

Posted:2 months ago| Platform: Foundit logo

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Work Mode

On-site

Job Type

Full Time

Job Description

The Head of Procurement will play a strategic leadership role in managing and optimizing procurement operations within a dynamic e-commerce environment. Reporting to the CFO, this position is responsible for developing procurement strategies, ensuring cost-effective sourcing, managing supplier relationships, and leading a high-performing procurement team. Key Responsibilities: Procurement Strategy Develop and execute a comprehensive procurement strategy aligned with company goals. Ensure scalability and efficiency to support business growth. Vendor Management Identify, evaluate, and negotiate with suppliers for best terms. Conduct rigorous supplier assessments to ensure quality and compliance. Cost Optimization Monitor procurement processes to identify and implement cost-saving opportunities. Lead contract negotiations and manage procurement budgets effectively. Supplier Relationship Management Build and maintain strong relationships with key suppliers. Resolve issues proactively and drive continuous improvement initiatives. Inventory Collaboration Coordinate with inventory teams to ensure optimal stock levels. Reduce carrying costs and avoid stockouts through efficient planning. Compliance & Ethics Ensure all procurement activities are compliant with laws, regulations, and ethical standards. Promote sustainability and ethical sourcing in procurement practices. Team Leadership Supervise, coach, and mentor a team of procurement professionals. Cultivate a high-performance culture focused on innovation and excellence. Risk Mitigation Identify and mitigate procurement-related risks such as supply disruptions and price volatility. Reporting Present comprehensive reports on procurement KPIs, savings, and performance to senior management. Qualifications & Experience: Education: Bachelor's degree in Business, Supply Chain Management, or a related field (Master's degree preferred). Experience: Minimum 8 years of procurement/supply chain experience with at least 3 years in a leadership role, preferably in e-commerce or fast-paced industries. Key Skills: Strong negotiation and contract management skills. Deep knowledge of procurement best practices and current market trends. Excellent communication, analytical, and interpersonal skills. Experience with procurement software/tools (e.g., SAP, Oracle, Coupa). Proven leadership and team-building capabilities. Data-driven decision-making and reporting proficiency.

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