Job Summary:
Technology Procurement Team is responsible for all Direct & Indirect technology sourcing needs across business operations and corporate functions. This position in Technology Procurement Team would be instrumental in identifying, building and managing effective relationships, with key suppliers and in improving the performance and capability of all significant sources of supply.
Effectively utilize strategic sourcing and supplier relationship management processes to achieve company goals of securing continuity of supply of goods and services, reducing total cost of ownership, improving supplier quality, establishing external partnerships to accelerate innovation and lead identification and execution of cost optimization initiatives. Support organizational strategies to achieve corporate objectives.
Role & Responsibilities:
- Effectively manage the annual Technology Spend of INR 200 Cr+ across hardware, software, cloud, application development, digital initiatives, maintenance, and support services.
- Deliver KPIs of cost reduction, cost avoidance, quality of services, timely deliveries, risk management, stakeholder engagement, controls and compliances.
- Directly collaborate and hands on manage the RFX process for Technology Procurements.
- Directly manage preparation of term sheets, vendor proposals, comparative statements, review of POs, contract clauses negotiations with vendors.
- Manage and resolve post contract business escalations
- Develops and execute Source to Contract Cycle and Category Management Strategy in assigned categories.
- Develop and maintain vendor relationships, consolidate spend, reduce the use of non-strategic suppliers, implement supplier-sourcing strategies to ensure cost competitiveness.
- Create and negotiate high impact outcome focused commercial structures
- Contribute to establishing robust procurement systems & processes.
- Ensure all established costs, quality, and delivery commitments are met.
- Lead all aspects of supplier, outsourcing partner negotiations, including contract terms, pricing and performance management.
- Adherence to ever evolving control and compliance requirements for corporate governance, fair and ethical practices
- Third party risk management related to Technology vendor partners
Preferred Candidate Profile:
- Engineering Graduation in Materials / Supply Chain Management or Operations Management
- Preferred MBA or CPSM
- 4+ years of sourcing and procurement experience.
- Strong experience in deploying strategic sourcing plans and delivering KPIs (Savings, Quality of Service, Risk Management, Digitalization, Controls & Compliances).
- Good understanding of Technology products and services in Hardware, Software, Networking and Telecom domain.
- Expertise in technology sourcing across multiple business use cases (products, services and solutions).
- Understanding and proven relationships in vendor eco-system comprising of large blue-chip companies across diverse technology product and service offerings, Tier 2 local vendors and local taxation.
- Proven expertise in managing a spend of Rs 200 Cr+
- Proven expertise in stakeholder management (supplier relationship and business stakeholders)
- Strong compliance mindset, with ability to build & implement robust system & processes
- Proficiency in Source to Contract Systems.
Industry:
Insurance
Department:
Procurement & Supply Chain
Role Category: Procurement & Purchase
Role: Procurement & Purchase - Other
Employment Type: Full Time, Permanent