Job Title:  Manager | Sourcing & Procurement | Mumbai - I-Think | Supply Chain & Network Operations

Job Title: Manager

Location: Mumbai (Thane)

Reports To: Director Operate

Job Summary:

The Procurement Manager is responsible for overseeing and managing the procurement process within the organization. This role involves developing and implementing procurement strategies, negotiating with suppliers, managing supplier relationships, and ensuring that the organization's purchasing activities are cost-effective and aligned with company objectives.

Key Responsibilities:

1. Procurement Strategy and Planning:

• Develop and implement procurement strategies that align with organizational goals and objectives.
• Analyze market trends and supplier performance to identify opportunities for cost savings and process improvements.
• Create and maintain buying channels. Routing of PRs via. approved buying channels (Catalogs and Preferred Vendors)

1. Supplier Management:

• Identify, evaluate, and select suppliers based on quality, cost, delivery, and service.
• Negotiate contracts and terms with suppliers to achieve favorable conditions.
• Establish and maintain strong relationships with suppliers to ensure high levels of service and reliability.

1.  Purchasing and Order Management:

• Oversee the purchasing process to ensure timely and accurate acquisition of goods and services.
• Monitor and manage inventory levels to ensure optimal stock and minimize excess inventory.
• Resolve issues related to procurement and supply chain, including discrepancies, delays, and quality concerns.

1. Contract Management:

• Draft, review, and manage contracts with suppliers, ensuring compliance with legal and regulatory requirements.
• Monitor contract performance and ensure all terms and conditions are met.
• Due diligence and timely contracts renewals.

1. Budget and Cost Control:

• Develop and manage the procurement budget, ensuring cost control and adherence to financial targets.
• Conduct cost analysis and identify opportunities for cost reduction without compromising quality.

1. Compliance and Risk Management:

• Ensure procurement activities comply with organizational policies, legal requirements, and ethical standards.
• Assess and manage risks related to procurement, including supplier risks and market volatility.
• Run compliance checks on all free text PR (Purchase Requisition).
• Perform QC/Auditing on the different Buying channels (BPA/CPA).

1. Team Management:

• Lead, mentor, and develop a team of procurement professionals.
• Set objectives, conduct performance reviews, and provide training to team members.
• Set and drive End-To-End vision of the overall P2P objectives and synergies with team.
• Foster teamwork and collaboration through active team engagements and creating a culture of oneness. 

1. Reporting and Analysis:

• Analyse the operational reports, review and present analytical insights on procurement activities / KPIs, supplier performance, and cost savings to senior management.
• Utilize data and analytics to drive decision-making and continuous improvement.
• Initiate appropriate actions with the client to drive higher efficiency, effectiveness, control to create value.

9.     Stakeholder management:

• Handle inquiries from internal customers as well as from external vendors delivering professional, helpful, high-quality service and assistance before, during, and after the customer's requirements are met.

Qualifications:

• A Bachelor’s degree / Post Graduation with relevant certification Supply Chain Management or relevant certification (e.g., CPSM, CPPB) is preferred.
• Experience in Banking / Banking products (Good to have)
• Min. 10+ years of experience in procurement, with a proven track record in strategic sourcing and supplier management.
• Process knowledge of Requisition management and Procurement support. 
• Comfortable working with high level instruction and can drive forward by owning tasks/work projects /delegated responsibilities
• Good stakeholder relationship management.
• Strong negotiation, communication, and interpersonal skills.
• Outstanding communicator who can articulate complex concepts with key stakeholders across different levels in a manner that leads to desired outcome.
• Problem solving ability. Ability to analyze data, identify trends, and make informed decisions.
• Find opportunities to improve and streamline processes. Perform RCA and establish necessary controls.
• Proficiency in procurement software and Microsoft Office Suite.
• Strong organizational and project management skills.
• Knowledge of legal and regulatory requirements related to procurement.

Working Conditions:

• Originally located in Mumbai or willing to relocate to Mumbai and work out of Client offices.