Lead Buyer - Strategic Procurement and Supply Chain Leader

Larsen & Toubro Ltd; Chennai; On-site; INR 900,000 - 1,800,000; Full time

Job summary

Larsen & Toubro Ltd in Chennai is seeking a Lead Buyer Strategic Sourcing & Procurement to lead procurement activities for cementitious materials and assigned categories, develop sourcing strategies, and drive annual plans with long‑term supply agreements.

You will manage vendor identification, RFQs, bids, negotiations, and contract finalization, ensure timely procurement, monitor supplier performance, conduct market intelligence, seek cost reductions, and collaborate with project teams to

Responsibilities

• Vendor identification and development
• Request for Quotations (RFQs)
• Bid analysis and evaluation
• Commercial negotiations
• Contract finalization and award
• Ensure procurement activities are completed within agreed timelines.
• Conduct market research and industry analysis.
• Monitor commodity price movements and market trends.
• Perform supplier benchmarking and competitive analysis.
• Identify opportunities for cost reduction, value engineering, and process improvements.
• Drive commercial negotiations to achieve cost savings while maintaining quality and service standards.
• Develop and maintain strong relationships with domestic and international suppliers.
• Monitor supplier performance against defined KPIs.
• Identify and develop alternate sources to ensure business continuity and mitigate supply risks.
• Resolve supply, quality, and commercial issues in a timely manner.
• Collaborate closely with projects, business units, and cross-functional teams.
• Engage with internal stakeholders to understand procurement requirements and priorities.
• Provide procurement expertise and recommendations to leadership teams.
• Support supplier and stakeholder engagements to strengthen partnerships and business outcomes.
• Ensure adherence to procurement policies, procedures, and ethical standards.
• Maintain compliance with contractual requirements and audit guidelines.
• Ensure proper documentation and procurement governance.
• Support audit reviews and implementation of corrective actions where required.

Job description

Lead Buyer Strategic Sourcing & Procurement

Lead procurement activities for cementitious materials and assigned categories. Develop and execute sourcing strategies aligned with organizational objectives. Drive annual sourcing plans and establish long-term supply agreements. Ensure uninterrupted availability of materials to support project requirements.

End-to-End Procurement Management

• Vendor identification and development


• Request for Quotations (RFQs)


• Bid analysis and evaluation


• Commercial negotiations


• Contract finalization and award


• Ensure procurement activities are completed within agreed timelines.

Market Intelligence & Cost Optimization

• Conduct market research and industry analysis.


• Monitor commodity price movements and market trends.


• Perform supplier benchmarking and competitive analysis.


• Identify opportunities for cost reduction, value engineering, and process improvements.


• Drive commercial negotiations to achieve cost savings while maintaining quality and service standards.

Supplier Relationship Management

• Develop and maintain strong relationships with domestic and international suppliers.


• Monitor supplier performance against defined KPIs.


• Identify and develop alternate sources to ensure business continuity and mitigate supply risks.


• Resolve supply, quality, and commercial issues in a timely manner.

Stakeholder Management

• Collaborate closely with projects, business units, and cross-functional teams.


• Engage with internal stakeholders to understand procurement requirements and priorities.


• Provide procurement expertise and recommendations to leadership teams.


• Support supplier and stakeholder engagements to strengthen partnerships and business outcomes.

Compliance & Governance

• Ensure adherence to procurement policies, procedures, and ethical standards.


• Maintain compliance with contractual requirements and audit guidelines.


• Ensure proper documentation and procurement governance.


• Support audit reviews and implementation of corrective actions where required.