It Procurement Manager

About The Role

IT Procurement and Value Management Office (VMO) Lead will be responsible for driving strategic IT procurement, vendor management, and value realization across the IT function for ELGi. This role ensures cost efficiency, governance, and value delivery from IT investments, services, and vendor partnerships.

Key Responsibilities

IT Procurement Strategy and Operations

• Develop and execute IT procurement strategies to optimize costs, mitigate risks, and deliver value across the IT portfolio.
• Manage end-to-end IT procurement processes, including vendor selection, negotiations, and contract management for hardware, software, services, and cloud solutions.
• Collaborate with business and IT stakeholders to identify procurement needs, establish priorities, and ensure alignment with IT and enterprise goals.
• Drive procurement governance, ensuring compliance with policies, industry regulations, and ethical practices.
• Lead procurement strategies, manage contracts and optimize IT spend.

Vendor and Contract Management

• Build and maintain strong relationships with key IT vendors and service providers to ensure high performance, value delivery, and innovation.
• Oversee the negotiation, execution, and management of vendor contracts, SLAs, and performance metrics.
• Evaluate vendor capabilities, costs, and risks while identifying opportunities for consolidation and optimization.
• Conduct regular vendor performance reviews to ensure service quality, contract adherence, and continuous improvement.

Value Management and Financial Optimization

• Lead the Value Management Office (VMO) to track and optimize IT investments, ensuring alignment with business value and ROI expectations.
• Develop frameworks and methodologies to measure and communicate the financial and operational value of IT initiatives.
• Partner with finance teams to oversee IT budgets, forecast spending, and identify cost savings opportunities across IT procurement.
• Drive cost transparency by monitoring and analysing IT spend, identifying trends, and making data-driven recommendations.

Governance and Compliance

• Establish IT procurement and vendor management governance frameworks to ensure transparency, accountability, and risk mitigation.
• Ensure compliance with global procurement standards, legal requirements, and data privacy regulations (e.g., GDPR, CCPA).
• Implement tools and processes for vendor risk management, ensuring resilience and operational continuity.

Collaboration and Leadership

• Partner with IT, finance, and business teams to align procurement strategies with technology needs and priorities.
• Lead cross-functional initiatives to optimize IT procurement processes and deliver operational efficiencies.
• Provide leadership and mentorship to a team of procurement analysts and value management professionals, fostering a culture of collaboration, innovation, and continuous improvement.

Performance Measurement and Reporting

• Define and track KPIs to measure the effectiveness of procurement, vendor performance, and value management initiatives.
• Prepare and deliver regular reports to senior leadership on IT spend, savings, procurement activities, and value realization metrics.

Preferred candidate profile

Skills

• Deep understanding of IT procurement processes, vendor management, and contract lifecycle management.
• Strong knowledge of IT products, services, cloud solutions, and licensing models. Experience with procurement tools, ERP systems, and financial planning tools.
• Knowledge of IT financial management frameworks (e.g., Technology Business Management TBM) and value realization methodologies.
• Strong analytical skills to track IT spend, identify cost savings, and drive value realization.
• Ability to develop business cases, ROI analyses, and total cost of ownership (TCO) models for IT investments.
• Proven negotiation skills with a track record of driving favorable vendor contracts and cost savings.
• Ability to resolve complex vendor and procurement challenges with a focus on delivering win-win outcomes.
• Demonstrated leadership in managing teams and driving cross-functional initiatives.
• Excellent communication and stakeholder management skills, with the ability to influence at all levels of the organization.

Experience

• 8-10 years of experience in IT procurement, vendor management, and financial optimization roles, with at least 3 years in a leadership position.
• Proven track record in managing IT contracts, budgets, and large-scale vendor relationships.
• Experience in a global manufacturing environment with a focus on cost optimization and value delivery.

Educational Qualifications & Certifications

• Bachelors degree in Business, Information Technology, Supply Chain Management, Finance, or a related field (Master’s degree preferred).

Certifications:

• Certified Professional in Supply Management (CPSM) or Certified Purchasing Professional (CPP) (preferred).
• ITIL Foundation Certification (preferred).
• Project Management Professional (PMP) or equivalent (a plus).