Assistant Sourcing Manager

The Assistant Procurement Manager will be responsible for carrying out procurement operations, ensuring the seamless acquisition and management of goods and services that are essential for the day-to-day activities at the unit. The ideal candidate will play a key role in sourcing, negotiating contracts, and maintaining inventory levels to support the operations.

Core responsibilities include but are not limited to :

• Collaborate closely with all departments to understand their purchasing requirements and implement procurement strategies tailored to the unique needs of each department.
• Undertake end to send buying activities (Requisitions to Payments) including identification and evaluation of potential suppliers, preparation of specifications, inviting quotations, negotiating and securing favorable terms, preparing Procurement Approval Notes, formalizing rate contracts, issuing orders, and liaising with receiving departments and accounts for timely payments.
• Collaborate with suppliers to undertake responsive Product developments and ensure timely bulk deliveries within acceptable quality norms.
• Monitor market trends and changes in supplier pricing to ensure cost-effectiveness, competitiveness and deliver cost saving.
• Conduct regular supplier performance evaluations, addressing any issues or concerns promptly to ensure uninterrupted supplies and maintaining high standards of quality and service.
• Maintain accurate records of purchases, scrips utilization, inventory levels, contracts etc., extract / seek periodic data from various operating Units to collate reports for planning and evaluating procurement performance
• Implement organizational procurement operating systems & procedures to ensure complete adherence to laid down policies and compliance to third party audits like FSSAI, Risk Management (ISO), Customs etc. to have robust procurement processes.
• Stay abreast of industry best practices, technological advancements, and regulatory requirements related to hotels procurement operations.

Qualifications :

Engineering, Master in Business Administration, Supply Chain Management, or related field is an added advantage.

Reporting structure : The Assistant Procurement Manager will report to the Unit Financial Controller.

Location : ITC Kakatiya, Hyderabad / ITC Kohinoor, Hyderabad