Procurement

Key Responsibilities:-

1. Procurement Governance & Policy Management:

• Develop and implement procurement governance frameworks that align with organizational policies internal control standards and applicable regulatory requirements.
• Ensure all procurement activities adhere to established procurement policies compliance standards and audit expectations.
• Drive strategic sourcing initiatives to optimize costs while maximizing value and operational efficiency.

2. Strategic Sourcing & Procurement Execution:

• Oversee the complete procurement lifecycle including demand planning sourcing strategy RFQ/RFP management supplier evaluation commercial negotiations and contract award.
• Collaborate with business functions to identify sourcing requirements and develop effective procurement strategies.
• Identify evaluate qualify and onboard new suppliers to strengthen the vendor ecosystem.
• Negotiate favorable commercial terms pricing service levels and contractual conditions to achieve optimal business outcomes.
• Monitor procurement expenditure and identify opportunities for cost reduction and value creation.

3. Vendor Management & Performance Oversight:

• Design and manage a comprehensive vendor governance framework covering supplier onboarding due diligence qualification and ongoing risk assessment.
• Establish vendor performance management mechanisms using clearly defined KPIs SLAs and regular performance reviews.
• Maintain an up-to-date centralized repository for vendor records contracts compliance documents and supporting procurement documentation.

4. Contract Administration:

• Manage the end-to-end contract lifecycle from commercial negotiations and drafting through execution renewals amendments and closure.
• Ensure all agreements incorporate appropriate commercial terms service level commitments confidentiality provisions and risk mitigation clauses.
• Partner closely with Legal and Compliance teams to ensure contracts comply with organizational policies and regulatory obligations.

5. Third-Party Risk & Compliance Management:

• Develop and execute robust vendor due diligence and third-party risk assessment processes covering financial stability operational capability legal compliance cybersecurity and regulatory requirements.
• Monitor supplier compliance with organizational standards and third-party risk management policies.
• Support internal and external audits by ensuring procurement documentation vendor records and compliance evidence are complete and audit-ready.

6. Business Partnership & Stakeholder Engagement:

• Collaborate with stakeholders across HR Finance IT Operations Facilities and other business functions to understand procurement requirements and align sourcing strategies with business objectives.
• Provide expert guidance on supplier selection commercial negotiations contract structuring and procurement best practices.
• Foster strong relationships with internal stakeholders and suppliers to ensure seamless procurement execution service excellence and vendor accountability.

7. Procurement Excellence & Reporting:

• Develop procurement dashboards and reporting frameworks to monitor spend analysis supplier performance savings realization and procurement effectiveness.
• Identify and implement process improvements automation initiatives and industry best practices to enhance procurement efficiency and governance.
• Prepare and present periodic management reports highlighting procurement performance vendor risk cost optimization initiatives and key procurement metrics to senior leadership.