The Shrachi Group is a diversified business conglomerate based in India, with interests in various sectors including real estate, infrastructure, and manufacturing. The group is known for its commitment to quality and innovation.
Not specified
INR 18.0 - 20.0 Lacs P.A.
Work from Office
Full Time
Role & responsibilities 1. Providing support towards market rates/awarded value during preparation of Budget2. Contract Award Process & Monitoring of Balance to Award3. Exploring new construction methodology & materials4. Pre-qualification of new contractors & continuous development of vendor data base5. Creation of clear data base of vendors (at least 4 vendors for each item)6. Review of Free Issue Materials Reconciliation Statement as received from Site Team7. Review Meeting with the Major Contractors periodically8. Improve on cross functional involvement of team members9. Manage and improve vendor collaborations.10. Performance Evaluation of the major contractors on quarterly basis & communicate the data to all the stakeholders as well as to the vendors
Not specified
INR 25.0 - 27.5 Lacs P.A.
Work from Office
Full Time
Key Responsibilities:Contract Negotiation and Management:Lead negotiations for high-value and complex contracts with suppliers, vendors, and service providers.Oversee the drafting, review, and execution of contracts, ensuring compliance with legal, regulatory, and organizational requirements.Maintain accurate records of all contracts, including terms, conditions, and amendments. Procurement Strategy & Planning:Develop and implement procurement strategies to optimize the purchase of goods and services.Collaborate with business units to identify procurement needs and ensure timely delivery of materials and services.Oversee the preparation of purchase orders and manage procurement processes to ensure efficiency and cost savings.Supplier Management:Build and maintain relationships with key suppliers and vendors to ensure reliability, quality, and cost-effectiveness.Evaluate supplier performance and resolve any issues related to product delivery, quality, or pricing.Continuously seek opportunities to improve supplier diversity and supplier risk management.Compliance & Risk Management:Ensure all procurement activities are carried out in accordance with company policies, legal requirements, and industry best practices.Mitigate risks associated with vendor performance and contracts by proactively identifying and addressing potential issues.Oversee audits and inspections related to procurement activities to ensure adherence to established standards.Budget Management & Cost Control:Monitor and control procurement budgets to ensure cost-effective purchasing decisions and minimize wastage.Identify opportunities to reduce costs through strategic sourcing, negotiation, and process improvements.Report on procurement and contract expenditure and provide recommendations for improvement.Team Leadership & Development:Manage and mentor a team of procurement professionals, providing guidance and support in their day-to-day activities.Ensure the team is trained on the latest procurement processes, technologies, and best practices.Set clear performance goals, conduct regular evaluations, and foster a culture of continuous improvement within the team.Cross-Department Collaboration:Work closely with legal, finance, and other departments to align procurement strategies with organizational objectives.Provide regular updates to senior management on the status of procurement activities, contract performance, and cost-saving initiatives.Advise and support other departments in handling procurement-related issues and ensuring smooth contract execution.Reporting & Documentation:Prepare reports for senior leadership on contract performance, procurement savings, and vendor management activities.Ensure all documentation related to contracts, purchase orders, and negotiations is organized and easily accessible.Skills and Qualifications:Education:Bachelor's degree, Procurement, or related field (Masters degree preferred).Experience:15-20 years of experience in procurement, contracts management, or a related field, with at least 8-10 years in a leadership or management role.Proven experience in negotiating complex contracts and managing supplier relationships.Skills:Strong knowledge of contract law, procurement practices, and industry regulations.Excellent negotiation, communication, and interpersonal skills.Strong analytical and problem-solving abilities.Familiarity with procurement software and contract management tools.Ability to manage multiple projects and meet deadlines under pressure.Key Competencies:Leadership and team management.Strategic thinking and problem-solving.Risk management and compliance.Vendor and supplier management.Financial and budgetary management.Effective communication and stakeholder engagement.Role & responsibilities Perks and benefits
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