Manager Procurement Operations Specialist

Location

Bangalore | India

Job description

Role & Responsibilities:

Procurement Process Management:

• Develop, implement, and maintain procurement processes and policies
• Streamline procurement workflows to optimize efficiency and accuracy
• Ensure compliance with procurement regulations and best practices

Vendor Management:

• Cultivate and maintain relationships with key suppliers and vendors
• Negotiate contracts and agreements with suppliers to secure favourable terms
• Monitor vendor performance, adherence to service level agreements (SLAs), and contract compliance

Procurement Execution:

• Oversee the execution of procurement activities, including purchase requisitions, order placement, and procurement reporting Ensure timely procurement of goods and services to meet organizational needs
• Collaborate with various departments to understand their procurement requirements

Cost Control and Savings:

• Monitor procurement budgets and expenses, identifying opportunities for cost control
• Implement cost-saving initiatives and strategies
• Track and report cost savings achieved through procurement activities

Inventory Management:

• Maintain accurate inventory records of procurement items, including stock levels, usage, and replenishment needs
• Collaborate with inventory teams to optimize stock levels and reduce excess inventory

Supplier Performance Metrics:

• Establish and track key performance indicators (KPIs) for suppliers to ensure quality and reliability
• Address performance issues and implement corrective actions as needed

Documentation and Reporting:

• Maintain comprehensive records of procurement transactions, contracts, and supplier agreements
• Generate regular reports on procurement performance, inventory status, and cost analysis
• Use data analytics to drive informed decision-making and process improvement 8. Team Support and Development:
• Supervise and mentor procurement staff, ensuring the team's effectiveness and growth
• Provide guidance and support to team members in executing procurement initiatives
• Foster a collaborative and result-oriented team culture

Must Haves:

• Strong analytical and problem-solving skills
• Excellent communication and interpersonal abilities
• Attention to detail and the ability to work well under pressure
• Proficiency in procurement software and systems
• Familiarity with relevant regulations and compliance requirements

Experience and Skills:

• 5-8 years of experience in procurement or supply chain management
• Engineering or Bachelor's/ Master's degree in Civil Engineering, Finance, Supply chain management, or a related field
• In-depth knowledge of procurement processes, contract management, and vendor relations
• Mastery of procurement processes, negotiation, and vendor management

Note: This job description is intended to provide a general overview of the responsibilities and requirements of the position. It is not an exhaustive list, and additional duties may be assigned as needed

Job tags

Salary