AGM Procurement

Time Hack Consulting; Bengaluru; On-site; INR 350,000 - 550,000; Full time

Job summary

Time Hack Consulting is seeking an Assistant General Manager (GM) of Procurement to lead and optimize procurement across the organization. The role demands strategic sourcing, aggressive cost reduction, supplier management, and risk mitigation to ensure timely delivery and quality.

The successful candidate will mentor a team of procurement professionals, implement best-in-class practices, and collaborate with operations, finance, and R&D to drive continuous improvement and operational excellence.

Qualifications

• Proven track record in managing complex procurement cycles.
• Experience in supplier risk management and compliance.
• Experience leading procurement teams and driving cost reductions.
• Ability to develop and execute procurement strategies aligned with business goals.

Responsibilities

• Develop, implement, and manage comprehensive procurement strategies and policies that support the company's overall business objectives and growth plans.
• Lead and mentor a team of procurement specialists, fostering a high-performance culture, providing guidance, training, and performance evaluations.
• Oversee the entire vendor management lifecycle, including vendor identification, qualification, selection, negotiation of contracts, and ongoing performance monitoring.
• Drive aggressive cost reduction initiatives through strategic sourcing, competitive bidding, value analysis, and long-term agreements while maintaining quality standards.
• Manage and mitigate supply chain risks, including geopolitical, economic, and operational risks, to ensure continuity of supply.
• Establish and maintain strong, collaborative relationships with key suppliers and internal stakeholders across various departments (e.g., Operations, Finance, R&D).
• Ensure compliance with all relevant procurement laws, regulations, and ethical standards.
• Implement and optimize procurement processes and systems, leveraging technology (e.g., ERP, e-procurement platforms) to enhance efficiency and transparency.
• Prepare and present detailed reports on procurement performance, savings achieved, market trends, and supplier performance to senior management.
• Develop and manage the procurement budget, ensuring adherence to financial targets.
• Conduct market research and analysis to identify new suppliers, technologies, and opportunities for innovation and cost savings.
• Negotiate complex contracts, terms, and conditions with suppliers to secure favorable agreements for the company.
• Oversee inventory management strategies in collaboration with supply chain and operations teams to optimize stock levels and reduce carrying costs.

Skills

Leadership

Strategic sourcing

Vendor management

Negotiation

Risk management

Team mentoring

Tools

ERP systems

e-procurement platforms

Job description

The Assistant General Manager (GM) of Procurement will play a pivotal role in leading and optimizing the company's procurement functions. This strategic leadership position requires an experienced professional who can drive significant value through effective sourcing, negotiation, and supplier management. The GM will be responsible for developing and executing procurement strategies that align with business objectives, ensuring cost efficiency, quality, and timely delivery of goods and services. This role demands strong leadership capabilities to manage and mentor a team of procurement professionals, fostering a culture of continuous improvement and operational excellence. The ideal candidate will have a proven track record in managing complex procurement cycles, mitigating supply chain risks, and implementing best-in-class procurement practices across various categories.

• Develop, implement, and manage comprehensive procurement strategies and policies that support the company's overall business objectives and growth plans.
• Lead and mentor a team of procurement specialists, fostering a high-performance culture, providing guidance, training, and performance evaluations.
• Oversee the entire vendor management lifecycle, including vendor identification, qualification, selection, negotiation of contracts, and ongoing performance monitoring.
• Drive aggressive cost reduction initiatives through strategic sourcing, competitive bidding, value analysis, and long-term agreements while maintaining quality standards.
• Manage and mitigate supply chain risks, including geopolitical, economic, and operational risks, to ensure continuity of supply.
• Establish and maintain strong, collaborative relationships with key suppliers and internal stakeholders across various departments (e.g., Operations, Finance, R&D).
• Ensure compliance with all relevant procurement laws, regulations, and ethical standards.
• Implement and optimize procurement processes and systems, leveraging technology (e.g., ERP, e-procurement platforms) to enhance efficiency and transparency.
• Prepare and present detailed reports on procurement performance, savings achieved, market trends, and supplier performance to senior management.
• Develop and manage the procurement budget, ensuring adherence to financial targets.
• Conduct market research and analysis to identify new suppliers, technologies, and opportunities for innovation and cost savings.
• Negotiate complex contracts, terms, and conditions with suppliers to secure favorable agreements for the company.
• Oversee inventory management strategies in collaboration with supply chain and operations teams to optimize stock levels and reduce carrying costs.