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Vice President/Associate Vice President - Procurement Key highlights of the role are listed below (purely indicative and not limiting): - Develop and execute procurement strategies to ensure cost savings, efficiency, and compliance with company policies. - Oversee end-to-end procurement processes, including supplier selection, contract negotiations, and vendor performance management. - Drive innovation in procurement strategies and processes to improve efficiency, reduce procurement lead times, and enhance data-driven decision-making. - Collaborate with senior leadership to forecast procurement needs and ensure the timely acquisition of resources. - Manage procurement financials, including budgeting, forecasting, and accounting, in coordination with the Finance team. - Monitor and control procurement expenses, identify opportunities for cost savings, and implement initiatives to reduce procurement costs without compromising quality. - Analyze market trends and economic conditions to make informed purchasing decisions. - Ensure timely review and renewal of agreements or release new RFPs as per business requirements. - Work closely with suppliers to optimize key procurement processes and enhance value delivery. - Ensure the processes to be governed under CVC guidelines. - Leverage technology for procurement efficiency, including e-auctions and e-tendering platforms. - Develop strong internal stakeholder relationships to support business needs and drive cross-functional collaboration. - Lead vendor selection and evaluation to ensure alignment with business needs and quality standards - Oversee budget management for external vendor contracts, ensuring cost efficiencies and minimizing financial risk - Oversee the negotiation of contracts, terms, and conditions with external vendors to ensure favourable pricing, service level agreements (SLAs), and compliance with regulatory and security standards - Track and report compliance for all outsourced activities, ensuring adherence to regulatory and internal standards. - Monitor regulatory changes, industry trends, and best practices to enhance procurement and administrative functions. - Oversee key administrative functions, including facility management, vendor contracts for office services, and operational support activities - Drive efficiency in office management, logistics, and other general administrative services. - Ensure efficient and effective operations, and promoting a positive work environment. - Ensure compliance with health, safety, and regulatory standards in all administrative and procurement activities. - Manage office infrastructure, utilities, and maintenance to ensure a smooth and productive work environment. - Supervise front-office operations, travel management, employee transport services, and cafeteria operations. Job specific skills: Applicants should possess the following attributes: - Strong contract management and negotiation skills. - Proficiency in procurement technologies, including e-auctions and e-tendering. - Understanding budget management, cost control, and expense optimization related to administrative and procurement functions. - Should have deep understanding of compliance, regulatory requirements, risk management in procurement and knowledge on CVC guidelines. - Analytical mindset with strong decision-making and problem-solving skills. - Ability to manage multiple stakeholders and work in a fast-paced environment. - Excellent communication, leadership, and team-building skills.

Mumbai

Others

BOBCARD - Vice President/Assistant Vice President - Procurement 

Job Description for BOBCARD - Vice President/Assistant Vice President - Procurement  in BOBCARD  in  Mumbai Others for (8-20) years of experience. Apply Now!

BOBCARD - Vice President/Assistant Vice President - Procurement  | iimjobs.com