Posted By
Foram Shah
Senior Associate - Talent Search at Hirecrest Consulting Services LLP
Last Login: 05 February 2024
Posted in
SCM & Operations
Job Code
1335719
1. Strategic Procurement:
- Develop and implement procurement strategies aligned with the company's goals and objectives.
- Identify cost-saving opportunities and implement cost reduction initiatives.
- Monitor market trends, industry developments, and supplier performance to make informed decisions.
2. Supplier Management:
- Source and evaluate potential suppliers and negotiate favorable terms and agreements.
- Maintain strong relationships with key suppliers and manage vendor performance.
- Conduct supplier audits to ensure compliance with quality and ethical standards.
- Resolve any supplier-related issues promptly and efficiently.
3. Contract Negotiation:
- Negotiate contracts and agreements with suppliers to secure favorable terms and pricing.
- Review and update procurement contracts as necessary, ensuring compliance with legal and regulatory requirements.
- Work closely with the legal department to manage contractual risks.
4. Procurement Process Management:
- Oversee the end-to-end procurement process, from requisition to purchase order and delivery.
- Ensure that the procurement process is efficient, cost-effective, and in compliance with company policies and regulations.
- Monitor and track procurement performance metrics and report on key performance indicators.
5. Budget Management:
- Develop and manage the procurement budget.
- Monitor and control costs to achieve cost-saving targets while maintaining product and service quality.
- Provide regular budget reports and updates to senior management.
6. Team Leadership:
- Lead, coach, and mentor the procurement team, providing guidance and support.
- Foster a culture of accountability, professionalism, and continuous improvement within the procurement department.
- Recruit and train new team members as needed.
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Posted By
Foram Shah
Senior Associate - Talent Search at Hirecrest Consulting Services LLP
Last Login: 05 February 2024
Posted in
SCM & Operations
Job Code
1335719