Assistant Procurement Manager

Job description

Role Title- Asst. Manager - Procurement Role Summary- Own end-to-end sourcing and procurement of non-medical goods and services from supplier identification through contracting, PO execution, and vendor performance management while driving cost savings, compliance, and process discipline across assigned categories. Working with- Lead Sourcing What the role entails Key accountabilities/ responsibilities Indirect Sourcing • Saving • Spent management • Controls & Audits • Supplier & Stakeholder management Key Responsibilities • Supplier Sourcing & Selection: Identify, evaluate and onboard suppliers for non-technical goods and services; assess proposals on cost, quality, delivery and reliability; negotiate contracts, pricing and terms. • Purchase Requisition to Purchase Order: Review purchase requisitions, validate specifications, decide sourcing strategy, generate and track purchase orders, and ensure timely delivery own the PR-to-PO cycle and its turnaround time (TAT). • Sourcing Events: Float RFQs/RFPs and run reverse auctions (RA) for eligible spend categories. • Rate Benchmarking & Contracts: Benchmark prevailing market rates against finalized pricing; maintain rate cards/agreements for repeat purchases; review, negotiate and renew contracts in line with legal and regulatory requirements. • Cost Optimization: Identify and execute cost-saving initiatives; target minimum 10% savings on overall managed spend annually. • Vendor Management & Performance: Manage vendor relationships, conduct quarterly performance reviews and assessments, resolve escalations, and ensure contractual compliance. • Category Spend Management: Own budget tracking and spend visibility across assigned procurement categories. • Stakeholder Engagement: Hold regular reviews with internal users/business partners and vendors; represent procurement in cross-functional discussions. • Compliance & Audit: Support internal and external audits; ensure vendor statutory compliance (PF/ESI, labour law, etc. where applicable) for services such as manpower, housekeeping and security; drive closure of audit findings. • Process Improvement: Drive adoption of procurement best practices and continuous process improvements across the category. What We Are Looking For • Systems & Tools: Working knowledge of an ERP/procurement platform (SAP/Oracle/Ariba or similar) and advanced MS Excel. • Skills: Strong negotiation, vendor management, analytical and stakeholder management skills; comfortable owning multiple categories and deadlines independently. Key Performance Indicators • Savings achieved against target (10% of managed spend). • PR-to-PO turnaround time against agreed SLA. • Vendor SLA / performance compliance rate. • Audit findings closed on time; zero critical non-compliance. • On-time contract renewals and rate card refreshes. Role Demands (travel)-10% Location-Worli - Mumbai