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Head of Procurement

Head of Procurement

SRM University, APIndia
5 hours ago
Job description

JOB TITLE : Head – Procurement

JOB LOCATION : SRM – AP, Andhra Pradesh

REPORTS TO : Registrar

Duties and Responsibilities :

The Head of Procurement is responsible for overseeing the procurement function, developing procurement strategies, and ensuring the efficient acquisition of goods and services. This role involves leading a procurement team, managing supplier relationships, and implementing cost-effective and efficient procurement practices that align with the organization’s goals and objectives.

1) Strategic Planning :

  • Develop and implement comprehensive procurement strategies.
  • Align procurement objectives with the University’s mission and strategic goals.
  • Conduct market analysis to identify trends and opportunities.

2) Team Leadership :

  • Lead, mentor and develop the procurement team.
  • Establish performance metrics and conduct regular evaluations.
  • 3) Supplier Management :

  • Build and maintain strong relationships with key suppliers and vendors.
  • Negotiate high-value contracts and agreements.
  • Monitor supplier performance and resolve any issues or disputes.
  • 4) Cost Management :

  • Develop and manage the procurement budget.
  • Identify and implement cost-saving initiatives without compromising quality.
  • Monitor and report on procurement expenditures and savings.
  • 5) Process Improvement :

  • Streamline procurement processes to enhance efficiency.
  • Implement best practices and innovative procurement solutions.
  • Ensure compliance with legal and regulatory requirements.
  • 6) Risk Management :

  • Identify and mitigate procurement-related risks.
  • Develop and maintain a risk management framework for procurement activities.
  • Ensure business continuity through effective procurement strategies.
  • 7) Stakeholder Engagement :

  • Collaborate with internal departments to understand their needs and obtain clear technical specifications.
  • Communicate procurement policies and procedures to stakeholders.
  • Provide training and support to internal teams on procurement processes.
  • 8) Reporting and Analytics :

  • Prepare monthly reports on procurement activities, performance, and cost savings.
  • Use data analytics to improve procurement decisions and develop strategies.
  • Submit findings and recommendations to senior management.
  • Qualifications, Experience & Skills :

  • B.Tech / M.Tech or MBA in Supply Chain Management or a related field. Master's degree preferred.
  • Minimum 15 years of experience in procurement, with at least 8 years in a leadership role.
  • Strong leadership and team management abilities.
  • Excellent negotiation and communication skills.
  • Proficiency in procurement software and ERP systems.
  • Strong analytical and strategic thinking skills.
  • Ability to manage multiple projects and priorities.
  • Certification in Procurement / Supply Management preferred.
  • Extensive knowledge of procurement regulations and best practices.
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