Chief Procurement Officer

Procurement Manager Job Description The Procurement Manager plays a vital role in supporting the organization's operational and financial objectives by securing optimal commercial terms for goods and services, managing supplier relationships, overseeing contract management, and driving continuous improvement in the procurement process.This position involves strategically managing the procurement and contract lifecycle to ensure the organization's needs for goods and services are met efficiently, cost-effectively, and within the required quality standards. This includes overseeing the entire supply chain from sourcing and negotiating with suppliers, to managing contracts, ensuring timely delivery, and maintaining compliance with company policies and procedures.The Procurement Manager ensures that procurement and contract activities adhere to all relevant regulations, ethical standards, and internal policies, while proactively managing risks associated with supply disruptions or market fluctuations.Key responsibilities include leading strategic sourcing, negotiations, and supplier management to reduce procurement costs and contribute directly to the organization's profitability. The Procurement Manager must also manage procurement budgets in alignment with organizational financial goals, negotiate favorable payment terms to improve cash flow and provide better financial flexibility, evaluate team performance to ensure achievement of departmental financial KPIs and delivery targets, identify and mitigate financial risks in the supply chain, including supplier reliability, market volatility, and geopolitical disruptions, and monitor and enforce contract terms to ensure full value is realized from supplier agreements.In addition to these key responsibilities, the Procurement Manager will effectively drive communications with different internal departments to ensure smooth coordination and alignment with business objectives, updates to management and stakeholders are vital to keep everyone informed of the procurement process, challenges, and progress. This involves formal reporting structures and presentations.Effective communication with suppliers is also crucial, as successful procurement relies heavily on clear and effective communication with suppliers, whether for price negotiations, contract terms, or delivery schedules. Maintaining a good working relationship with suppliers through regular communication ensures that issues like supply disruptions are addressed proactively.To be successful in this role, candidates should possess a Bachelor's degree in commerce with Finance/Accounting background or B.Tech/BE with Procurement background. Being a Member of the Chartered Institute of Procurement and Supply (CIPS) or equivalent is desirable but not necessary. Commercial Aviation knowledge is also desirable but not essential. Knowledge of ERP/Oracle is an added advantage.Candidates should have minimum 12+ years procurement experience with extensive experience in procurement, with a proven track record in a similar role. This experience should include managing complex procurement activities, strategic sourcing, and supplier relationship management. Proven ability to manage and lead a team of procurement professionals is also essential, including experience in mentoring, performance management, and coordinating team efforts to achieve procurement goals.),