Procurement Head

Company Description

COMnet Solutions (Global) is a trusted partner in providing end-to-end IT infrastructure solutions to leading global corporations. Founded in Mumbai in 1998, COMnet has over 25 years of experience in guiding businesses through transformational journeys. With centers in India, Australia, and Singapore, we offer strategic solutions to optimize scalability and ensure our clients have access to top-tier IT ecosystems. Our mission is to reduce total cost of ownership (TCO) and deliver the best return on investment (ROI) while exceeding client expectations in every domain.

Work Location - Dadar Mumbai

Immediate Joiner

Role Description

This is a full-time on-site role for a Procurement Head located in the Mumbai Metropolitan Region. The Procurement Head will be responsible for managing purchasing processes, overseeing purchase orders, and ensuring efficient purchase management. The role involves conducting in-depth market analysis, maintaining vendor relationships, negotiating contracts, and verifying order accuracy to support overall business goals.

• In-depth industry knowledge of IT products, including hardware, networking (active/passive), and software.
• Strong negotiation and communication skills.
• Expertise in sourcing and procurement strategies.
• Familiarity with supplier and third-party management software.
• Process and execute orders on the same day.
• Ability to maintain and update trackers daily, ensuring timely follow-ups on pending orders.
• Proficiency in cost-saving techniques.
• Real-time price sharing by coordinating with distributors, vendors, and OEMs.

Timely basis invoice submission and sync with partner for getting the invoice on time.

Head of IT Procurement is responsible for leading the strategic sourcing, vendor management, and contract negotiation processes for all IT-related goods and services. The role ensures cost efficiency, regulatory compliance, timely availability of technology resources, and alignment with organizational goals.

Key Responsibilities:

1. Procurement Strategy & Governance

• Develop and execute the IT procurement strategy aligned with business and technology objectives.
• Establish procurement governance, policies, and processes in line with internal audit and regulatory requirements (RBI, ISO, etc.).
• Drive adoption of e-procurement tools and automation for transparency and efficiency.

2. Sourcing & Vendor Management

• Identify, evaluate, and onboard vendors for hardware, software, SaaS, cloud, AMC, and professional services.
• Manage vendor life cycle empanelment, performance evaluation, renewal, and exit management.
• Ensure vendor compliance with information security, data privacy, and regulatory norms.
• Partner with Legal and Compliance teams for vendor due diligence and risk assessment.

3. Contracting & Commercials

• Lead commercial negotiations to ensure value optimization, cost reduction, and favourable terms.
• Oversee preparation and review of contracts, MSAs, NDAs, SLAs, and license agreements.
• Monitor contract renewals, expirations, and license compliances.

4. Financial & Budget Management

• Plan and manage annual IT procurement budget in coordination with IT Governance and PMO.
• Track IT spends, cost savings, and TCO (Total Cost of Ownership).
• Support CAPEX and OPEX reporting and board-level presentations.

5. Stakeholder Management

• Collaborate with IT, InfoSec, Legal, Finance, and Business Units for procurement needs.
• Support project teams in timely provisioning of IT assets and services.
• Communicate effectively with senior management on procurement performance and risks.

6. Process Improvement & Compliance

• Ensure adherence to internal controls, procurement policies, and audit requirements.
• Drive process efficiency, standardization, and continuous improvement.
• Ensure compliance with RBI outsourcing guidelines and data localization norms.

Key Skills & Competencies:

• Strong knowledge of IT procurement (hardware, managed services).
• Expertise in contract negotiation and vendor management.
• Familiarity with RBI and NBFC regulatory framework for IT outsourcing.
• Excellent communication, stakeholder management, and leadership abilities.

Skills Required
Contract Negotiation, Vendor Management