Procurement Sr.Executive/Executive

KEY RESPONSIBILITY

Procurement Cost Optimization

1. Negotiate with suppliers to achieve procurement cost savings of 810% per quarter.
2. Identify cost-reduction opportunities through strategic sourcing and commercial negotiations.
3. Improve supplier commercial terms and extend payment terms to 45+ days for key suppliers.

Stakeholder & Procurement Support

1. Ensure timely procurement execution and approvals, maintaining 95% PR-to-PO conversion within defined SLA.
2. Provide responsive procurement support to internal stakeholders.
3. Drive high service quality and achieve 90% stakeholder satisfaction.

Process Improvement & Digitalization

1. Support procurement workflow optimization initiatives.
2. Drive automation projects to reduce manual interventions by at least 30%.
3. Contribute to digital procurement adoption and process efficiency improvements.

Vendor Management

1. Manage supplier onboarding activities and ensure new vendors are onboarded within 14 days.
2. Coordinate with suppliers to complete registration and documentation requirements.
3. Maintain effective supplier relationships to support business requirements.

Knowledge Sharing & Capability Building

1. Participate in and facilitate Procol Platform rollout and implementation discussions (minimum 4 sessions annually).
2. Conduct procurement training sessions for team members (1 session per quarter).
3. Promote best practices and continuous learning across the procurement function.

Job Requirements

1. 25 years of experience in Procurement, Strategic Sourcing, and Technical Purchasing of technical parts, spare parts, and Admin requirements
2. Experience in supplier negotiations, vendor on boarding, compliance, and procurement operations.
3. B.Tech in Mechanical or Electrical Engineering
4. Procurement certifications (CIPS/CPSM/CPP or equivalent) will be an added advantage.

Functional Skills

• Vendor negotiation and cost management
• Stakeholder management
• Procurement process knowledge
• Supplier onboarding and relationship management
• Data analysis and reporting
• Procurement systems (e.g., Procol, SAP, ERP tools)
• Communication and training facilitation

Behavioral Competencies

• Strong stakeholder management
• Effective communication skills
• Negotiation and influencing ability
• Analytical thinking
• Attention to detail
• Problem-solving mindset
• Time and priority management