Asst Manager - Procurement

Overview

Assistant Manager - Procurement role in Chennai to manage procurement operations and ensure timely acquisition of goods and services while maintaining quality, cost efficiency and compliance.

What you'll do

• Manage end-to-end procurement activities for goods and services across the organization.
• Ensure adherence to procurement policies, procedures and governance frameworks.
• Implement and continuously improve procurement systems, processes and controls.
• Monitor procurement performance and drive process efficiencies.
• Identify, evaluate, onboard and manage suppliers/vendors across various categories.
• Maintain and update a comprehensive vendor database categorized by service and product type.
• Negotiate commercial terms, pricing, service levels and contractual agreements to achieve optimal value.
• Manage and administer purchasing contracts, Annual Maintenance Contracts (AMCs), manpower contracts and outsourced service agreements.
• Ensure supplier compliance with statutory, legal and contractual obligations.
• Conduct sourcing initiatives, RFQs, RFPs and bidding processes as required.
• Collaborate with operations and business teams to define specifications and procurement requirements.
• Evaluate supplier proposals and recommend sourcing strategies based on cost, quality and service considerations.
• Support the development and execution of outsourcing strategies.
• Liaise closely with site stores and operational teams to maintain effective stock control and inventory levels.
• Forecast procurement requirements to meet supply and demand needs while minimizing excess inventory.
• Monitor material availability and take corrective actions to prevent shortages.
• Support annual procurement budgeting and expenditure planning.
• Monitor procurement spend against budgets and identify opportunities for cost optimization.
• Analyze variances and implement corrective actions where required.
• Collaborate proactively with cross-functional teams to understand business requirements and procurement priorities.
• Build strong working relationships with internal stakeholders and external suppliers.
• Ensure procurement support aligns with organizational objectives and service delivery expectations.
• Ensure compliance with procurement policies, statutory regulations and organizational standards.
• Conduct procurement and store audits and drive closure of audit observations.
• Track supplier performance against agreed Service Level Agreements (SLAs).
• Generate procurement MIS reports, dashboards and performance metrics for management review.

What you'll need

• Bachelor's degree in Business Administration, Supply Chain Management, Engineering, Commerce, or related discipline.
• 5-8 years of experience in procurement, sourcing, supply chain or vendor management functions.
• Procurement and strategic sourcing skills.
• Vendor development and supplier relationship management.
• Contract negotiation and administration.
• Inventory and store management.
• Budgeting and cost control.
• Tendering, RFP/RFQ management.
• Procurement systems and process management.
• Compliance and audit management.
• Stakeholder management.
• Strong analytical and problem-solving skills.
• Excellent communication and negotiation skills.

Nice to have

• MBA/Post Graduate qualification in Supply Chain, Procurement or Operations Management.
• Experience in facility management, corporate services, real estate services or a similar environment.

Details

• Location: Chennai, TN.
• Work mode: On-site.
• Scheduled weekly hours: 48.