Procurement Manager – Indirect Material

Career Brain

  • Bangalore, Karnataka
  • Permanent
  • Full-time
  • 29 days ago
  • Apply easily
Job Summary:We seek a proficient category manager for indirect material category to join our team. This includes key categories such as capex, IT, logistics, travel & stay and general and admin related expenses. As a Category Manager, you will be responsible for devising and executing category strategies, driving cost optimization, and cultivating robust supplier partnerships. The role demands a proactive and innovative approach to ensure procurement initiatives align with and support overall organizational objectives.Key Responsibilities:1. Category Strategy Development:o Define and implement procurement strategies for indirect categories, ensuring alignment with business objectives.o Conduct market analysis to identify trends, risks, and opportunities within the assigned categories.2. Sourcing: o Identify, evaluate, and negotiate with indirect category suppliers. o Create and execute RFI/RFP/RFQ in collaboration with key internal stakeholders.o Perform price discovery for materials and services and identify the right price and suppliers for indirect categories.3. Supplier Management:o Lead end-to-end sourcing processes, including RFQs, supplier evaluation, selection, and contract negotiations.o Develop and maintain strong relationships with key suppliers to ensure performance, innovation, and cost optimization.o Monitor supplier compliance with contractual obligations and company policies.4. Cost Optimization and Value Creation:o Identify opportunities for cost reduction and value creation across indirect procurement categories.o Analyze total cost of ownership (TCO) and implement strategies to achieve long-term savings.5. Stakeholder Collaboration:o Partner with internal stakeholders, including Finance, IT, HR, and Administration, to understand procurement needs and deliver tailored solutions.o Act as a liaison between suppliers and internal teams to ensure seamless communication and alignment.6. Governance and Compliance:o Ensure adherence to procurement policies, regulatory requirements, and ethical standards.o Drive ethical sourcing practices and sustainability initiatives within procurement functions.7. Performance Metrics and Reporting:o Develop and track key performance indicators (KPIs) to measure procurement efficiency and supplier performance.o Prepare regular reports and presentations for senior management.RequirementsQualifications & Key Competencies:
  • Bachelor’s degree in engineering or technology, or a related field. A master’s degree or MBA is a plus.
  • Experience of 7+ years as a category manager for indirect material procurement in EPC / Engineering companies / Industrial product companies
  • Professional certifications such as CPSM, CPP are advantageous.
  • Proven experience in indirect procurement, with a focus on categories such as capex, IT, and general and admin, logistics and travel.
  • Strong negotiation, analytical, and problem-solving skills.
  • Proficiency in procurement of software and tools.
  • Excellent communication and stakeholder management abilities.
  • Knowledge of market trends and best practices in indirect procurement.
  • Strategic thinking and decision-making.
  • Ability to conduct market research consisting of both primary and secondary research.
  • Ability to manage multiple priorities and meet deadlines.
  • Strong interpersonal and leadership skills.
  • Commitment to ethical sourcing and procurement practices.

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