ILabs Group Reviews by Employees

About iLabs Capital: iLabs Capital is an investment fund focused on manufacturing sector investments, identifying and evaluating new business opportunities to ensure financial viability and strategic growth. We specialize in assessing potential investments through detailed market research, financial modeling, and industry benchmarking. Role Overview: We are establishing multiple manufacturing units in India and require a seasoned Global Procurement Head to manage and optimize procurement processes for high-value industrial equipment sourced from international markets. The ideal candidate will be responsible for driving vendor negotiations, managing RFQs and bid evaluations, and ensuring cost-effective procurement while maintaining quality and compliance standards. Key Responsibilities: 1. Strategic Procurement & Vendor Management - Identify, evaluate, and onboard international vendors for industrial equipment and manufacturing technologies. - Negotiate contracts, pricing, and payment terms to optimize costs and maintain quality. - Build and maintain long-term relationships with key suppliers to ensure seamless procurement operations. 2. RFQ & Bid Management - Draft and issue comprehensive RFQs with detailed technical and commercial specifications. - Analyze vendor proposals, perform bid comparisons, and assess supplier capabilities. - Develop frameworks for bid evaluation, focusing on cost, quality, after-sales support, and delivery schedules. 3. Negotiation & Contract Finalization - Negotiate procurement agreements, including pricing, warranties, service levels, and post-installation support. - Ensure favorable terms related to equipment lifecycle, spare parts availability, and operational uptime. 4. Supply Chain & Logistics Coordination - Oversee import/export processes, ensuring compliance with international trade regulations, customs duties, and taxation (GST/IGST). - Optimize freight, shipping, and logistics costs while maintaining delivery timelines. 5. Risk Management & Compliance - Assess supply chain risks and develop mitigation strategies to prevent delays or quality issues. - Ensure compliance with all international procurement standards and trade regulations. 6. Cost Control & Budgeting - Establish and manage procurement budgets aligned with project timelines. - Drive cost-saving initiatives by identifying opportunities for better pricing, improved payment terms, and vendor diversification. Qualifications & Experience: Education: - Bachelor's degree in Engineering, Supply Chain Management, or related field. MBA/PGDM preferred. Experience: - Minimum 12-15 years of experience in procurement and commercial leadership roles. - Proven track record of handling large-scale procurement of industrial machinery and equipment. - Significant exposure to vendor management and negotiations with Chinese, Taiwanese, and international suppliers. - Experience in setting up manufacturing units or managing industrial procurement is a plus. Languages: - Proficiency in English is mandatory. Knowledge of Mandarin or other Chinese languages is desirable.

Hyderabad

iLabs Capital - Head - Global Procurement & Commercials 

Job Description for iLabs Capital - Head - Global Procurement & Commercials  in iLabs Hyderabad Technology Center Private Limited in  Hyderabad for (7-15) years of experience. Apply Now!