Role Overview
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Key Responsibilities
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- Lead strategic sourcing initiatives across assigned categories, including spend analysis, demand consolidation, market benchmarking, and sourcing strategy development.
- Manage end-to-end RFx processes, including requirement gathering, bidder pre-qualification, e-auctions, commercial evaluation, and recommendation to stakeholders.
- Negotiate contracts, pricing, SLAs, and commercial terms with suppliers to achieve cost savings, quality, delivery, and risk objectives.
- Build and maintain category strategies, supplier panels, and preferred vendor lists aligned with business plans and procurement policies.
- Manage supplier onboarding, due diligence, risk assessment, compliance checks, and periodic vendor performance reviews.
- Drive contract lifecycle management, including renewals, amendments, obligations tracking, and dispute resolution in coordination with legal and finance.
- Track savings, cost avoidance, payment terms, and procurement KPIs; prepare dashboards and management reports.
- Partner with business units, IT, finance, legal, HR, and operations to understand requirements and ensure timely procurement.
- Execute e-procurement transactions and maintain accurate records in SAP Ariba, Coupa, or ERP systems.
- Support global vendor management and global capability center stakeholders across time zones.
- Ensure compliance with procurement policies, labour compliance, data privacy, cybersecurity, and ESG requirements.
- Support vendor consolidation, M&A integration, and transformation projects as required.
- Identify process improvement and automation opportunities to reduce cycle time and improve user experience.
- Mentor junior buyers and specialists and contribute to procurement knowledge sharing and best practices.
- Prepare negotiation plans, should-cost models, and supplier risk mitigation plans.
- Manage tail spend and one-time purchases through compliant buying channels.
Required Experience and Qualifications
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Core requirements
- 5-8 years of procurement, strategic sourcing, or vendor management experience, with at least 2 years in a senior or independent role.
- Bachelor's degree in supply chain, business, commerce, engineering, finance, or a related field; MBA or PGDM preferred.
- Hands-on experience with SAP Ariba, Coupa, SAP MM, Oracle Procurement Cloud, or JDE Procurement.
- Proven record of negotiating contracts and delivering measurable cost savings.
- Strong understanding of source-to-pay, RFx, contract management, and supplier performance management.
- Experience in IT, hardware, software, professional services, or indirect procurement categories preferred.
- Knowledge of vendor risk, data privacy, cybersecurity, ESG, and labour compliance requirements.
- Advanced Excel, spend analysis, and reporting skills; exposure to Power BI or Tableau is a plus.
- Excellent communication, stakeholder management, and cross-functional collaboration skills.
- Ability to manage multiple priorities and work independently in a fast-paced environment.
- Experience with global vendors and global capability centers is desirable.
- CIPS, CPSM, CSCP, or similar certification preferred.
Education and Credentials
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Education
- Degree in Bachelor's degree required in supply chain, business, commerce, engineering, economics, finance, or a related field or a related field.
- Degree in MBA or PGDM in Supply Chain Management, Operations, or Business Administration preferred or a related field.
Certifications and credentials
- CIPS (Chartered Institute of Procurement and Supply) certification.
- CPSM (Certified Professional in Supply Management) certification.
- CSCP (Certified Supply Chain Professional) certification.
- CPIM (Certified in Planning and Inventory Management) certification.
- SAP Ariba certification certification.
- Coupa certification certification.
- Six Sigma Green Belt certification.
Skills
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Technical Skills
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Functional Skills
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Soft Skills
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Career Path and Progression
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Demand for Senior Procurement Specialists in India remains strong as organizations prioritize cost optimization, supply resilience, digital procurement, and third-party risk. Growth is visible in IT services, global capability centers, manufacturing, retail, healthcare, and professional services. Professionals with Ariba or Coupa, strategic sourcing, contract negotiation, and ESG or cybersecurity procurement experience are well placed for category management and procurement leadership roles.
History and Background
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Salary and Compensation Context
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