Associate Lead - Procurement

Purpose/Objective

Associate Lead - Procurement will develop and implement procurement strategies aligned with company objectives.
This role involves sourcing and negotiating contracts, identifying cost-saving opportunities, and ensuring compliance with procurement policies and regulations.

Key Responsibilities of Role

Procurement Strategy: Implement procurement strategies that support company goals.
Ensure alignment with overall business objectives.
Cost Management: Identify cost-saving opportunities and drive initiatives to reduce procurement expenses.
Implement strategies to optimize procurement costs.
Cross-Functional Collaboration: Work with cross-functional teams to ensure smooth procurement processes and integration with other business functions.
Supplier Management: Maintain strong relationships with suppliers and conduct regular performance reviews.
Address and resolve any supplier issues.
Regulatory Compliance: Ensure compliance with procurement policies, procedures, and regulatory requirements.
Monitor adherence to standards and regulations.
Management Insights: Provide insights and recommendations to senior management on procurement best practices and strategic decisions.
Market Awareness: Stay updated on industry trends and market conditions.
Use this knowledge to inform procurement strategies and decisions.
Reporting: Prepare and present reports on procurement performance, cost savings, and other key metrics to senior management.
Digital mindset: Champions a digital mindset within the organization to drive innovation and competitiveness.
Keep up with digital and AI advancements to enhance business and maintain competitiveness.
Key Stakeholders - Internal: Techno Commercial teams -HO Internal teams Cross Functional Teams Project Managers Key Stakeholders - External: OEMs, materials & service partners

Technical Competencies

Budget Management-ACX,Compliance Management-ACX,Contract Management-ACX,Data Analysis-ACX,Documentation & Reporting-ACX,Procurement Management-ACX,Strategy & Planning-ACX,Vendor Management-ACX

Qualifications and Experience

Educational Qualification: Bachelor's degree in Engineering or Master's degree Work Experience: 6-10 years of experience in procurement of electrical/mechanical/civil commodities of infrastructure projects Certification: Professional certification in Procurement or Supply Chain Management preferred