Senior Manager - Procurement

Job Description

We are seeking an experienced and strategic Senior Manager - Procurement to lead our procurement efforts. This role demands a professional with a strong focus on cost optimization, vendor management, and process efficiency. The successful candidate will be responsible for end-to-end procurement activities, from requirement gathering and vendor onboarding to negotiation, contract management, and performance evaluation, ensuring timely execution and significant cost savings. This role requires strong analytical skills, attention to detail, and excellent communication abilities. Key Responsibilities Lead the annual requirement gathering process from various functions and meticulously track these requirements to ensure timely execution. Thoroughly understand and validate the Scope of Work (SOW) for all procurement needs. Drive the identification and onboarding of new vendors, conducting comprehensive due diligence and reference checks. This includes robust supplier screening and in-depth supplier analyses. Manage the process of floating RFPs (Request for Proposals) to relevant vendors based on functional requirements. Maintain continuous communication with function users by sharing project status daily and initiating escalations to higher authorities in case of any deviations or delays in project timelines. Document service level agreements (SLAs) with vendors, coordinating closely with the Legal team and function users. Develop and implement cost-effective methods and solutions through expert negotiations with vendors, tight control over expenses, and other relevant initiatives. This includes industry benchmarking to achieve significant reduction in overhead costs and direct cost savings for the Company. Consolidate and actively explore vendor development channels to strengthen the supplier base. Act as a primary escalation point for vendors and internal teams regarding any vendor-related issues. Conduct systematic performance evaluation of vendors and manage any arising issues effectively. Ensure the continuous optimization of procurement costs and efficient inventory management. Establish and maintain a high-quality spend data analysis service to inform strategic decisions. Develop and enhance understanding of the procurement process and its critical role within the organization by providing training to Function users. Prepare MIS reports and compelling PowerPoint presentations as per management requirements. Mandatory Qualifications Proven experience in a senior procurement role, with a strong track record of managing end-to-end procurement processes. Demonstrated expertise in strategic sourcing, vendor identification, and onboarding. Strong negotiation skills with a proven ability to achieve cost savings. Experience in drafting and managing Service Level Agreements (SLAs). Ability to analyze spend data, identify trends, and implement cost optimization strategies. Excellent communication skills, both verbal and written, for interacting with internal stakeholders and external vendors. Proficiency in preparing MIS reports and PowerPoint presentations. Strong organizational skills and ability to manage multiple projects simultaneously. Preferred Qualifications Bachelor's or Master's degree in Supply Chain Management, Business Administration, Finance, or a related field. Certifications in Procurement (e.g., CPSM, C.P.M.). Experience with procurement software and e-procurement platforms. Knowledge of legal aspects related to vendor contracts and agreements.