Job Description

Role Summary: The Strategic Procurement Manager will oversee the procurement lifecycle, ensuring effective negotiation, contract management, and stakeholder collaboration to drive optimal value for the business. The role requires expertise in category buying, service agreement finalization, and equipment leasing/renting to support operational and strategic objectives. The role involves 10% of transactions apart from strategy. Key Responsibilities: Category Procurement & Service Agreements: Lead the finalization of all category buying and service agreements, including equipment hiring. Conduct comprehensive evaluations of leasing and renting options for various equipment. Economic Viability & Decision Support: Evaluate the life cycle cost of products. Assess economic feasibility and propose recommendations on hiring versus owning assets to business leadership. Develop cost-saving initiatives and optimize operational budgets in alignment with business goals. Strategic Negotiation & Planning: Conduct robust negotiations to secure favorable terms for the organization. Use historical data analysis, forecasting, and Total Cost of Ownership (TCO) assessments to frame strategic procurement decisions. Regulatory & Safety Compliance: Ensure all local statutory, regulatory, and safety compliances are adhered to in procurement processes and incorporated into agreements. Contract Management & Risk Mitigation: Draft, review, and manage contracts with secure terms, including Liquidated Damages (LD), penalties, and bonuses that are crucial for business interests. Mitigate risks through clear definition of roles, responsibilities, and deliverables in contracts. Stakeholder Collaboration: Build and maintain strong relationships with internal and external stakeholders to facilitate informed decision-making. Collaborate with cross-functional teams to align procurement strategies with organizational needs. Issue Resolution & Post-Procurement Support: Resolve post-Purchase Order (PO) disputes, reconciliation, and ensure smooth issue resolution withsite operations and contractors. Process Improvement & Innovation: Drive continuous improvement in procurement processes and implement innovative solutions for better efficiency and cost-effectiveness. Leverage digital tools and analytics to streamline procurement functions. Vendor Management: Identify, evaluate, and maintain relationships with key suppliers and vendors. Ensure vendor compliance with organizational standards and expectations. Team Collaboration: Collaborate with site buyers and strategy team members to build expertise and enhance overall performance. Foster a culture of collaboration, accountability, and innovation within the team. Procurement MIS: Track cost savings and cost avoidance. Review and tracking of managed spend /BPA/CPA s Prepare and submit monthly MIS reports. Track delivery performance. Key Competencies & Skills: Engineering / Industry experience Expertise in strategic procurement, contract management, and negotiation. Strong knowledge of equipment leasing, renting, and