Procurement Manager

8 - 10 years

5 - 6 Lacs

Posted:21 hours ago| Platform: Naukri logo

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Job Type

Full Time

Job Description

Job Title

Role Summary :

The Manager Procurement will lead and manage the procurement function for the organisation (or division), ensuring the sourcing of goods/services is efficient, cost-effective, compliant and aligned with business strategy. The role involves supplier identification & negotiation, contract management, category management, cross-functional coordination, risk mitigation, and driving continuous improvement in procurement processes.

Key Responsibilities :

  • Develop and implement procurement strategies that align with business goals and supply-chain requirements.
  • Manage sourcing and negotiation for key categories of spend (direct / indirect) identify, evaluate and select suppliers, negotiate terms, pricing, contracts and service levels.
  • Build and maintain strong relationships with key suppliers, monitor their performance (cost, quality, delivery, compliance) and drive improvements.
  • Work closely with internal stakeholders (operations, engineering, quality, finance, legal) to understand procurement needs, specifications and ensure timely supply.
  • Conduct market intelligence and benchmarking to identify cost reduction opportunities, supplier innovation, alternate sourcing options and risk exposures.
  • Lead contracting and supplier agreements: ensure contracts are well-structured, terms are favourable, risks are identified and mitigated.
  • Monitor procurement KPIs (cost savings, purchase price variance, supplier lead times, quality issues, on-time delivery) and drive performance improvements.
  • Implement procurement best practices, policies, processes and tools (e.g., e-procurement systems, supplier portals, spend analytics).
  • Manage procurement budget and forecasts, ensure spend compliance, approval governance, and support audits.
  • Lead a team of procurement professionals (if applicable) mentor, train and develop staff.
  • Drive sustainable procurement initiatives (e.g., supplier diversity, ESG criteria, ethical sourcing) and ensure adherence to regulatory/compliance requirements.
  • Handle any procurement-related risks (supplier failure, supply disruption, price volatility) by developing contingency plans and alternate sourcing strategies.

Qualifications & Skills :

  • Bachelors degree in Business, Supply Chain Management, Engineering or related field. MBA or equivalent is a plus.
  • Minimum ~10 years of procurement / sourcing / supply-chain experience, including several years in a managerial capacity.
  • Proven track record of sourcing in a multi-category environment (direct and/or indirect).
  • Strong negotiation skills, contract management experience and supplier relationship management.
  • Deep understanding of procurement best practices, category management, cost-reduction methodologies, and risk management.
  • Good analytical skills: able to work with spend data, benchmark pricing, build cost models, drive insights.
  • Excellent communication and interpersonal skills: able to engage with senior leadership, cross-functional teams and external suppliers.
  • Demonstrated leadership capability: able to lead a small team, drive change and influence stakeholders.
  • System savvy: experience with ERP / procurement systems (SAP, Oracle, Ariba, Coupa, etc.) and strong Excel / data-analysis skills.
  • Strong integrity, ethical sourcing mindset, and sound understanding of legal / compliance aspects of procurement.
  • Preferred: Experience in international sourcing, multi-site / global supply chains, and experience with sustainability/ESG procurement initiatives.

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Shrachi Securities logo
Shrachi Securities

Financial Services

Kolkata

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