Procurement

Saaki Argus & Averil Consulting; Chennai District; On-site; INR 800,000 - 1,200,000; Full time

Job summary

Saaki Argus & Averil Consulting is seeking a Procurement Lead in Chennai, India to drive governance, policy management, and strategic sourcing across the organization. The role will oversee the full procurement lifecycle, including supplier onboarding, negotiations, and contract administration, ensuring compliance and cost optimization.

The incumbent will partner with HR, Finance, IT and Operations to align sourcing strategies with business objectives, establish vendor governance, monitor

Responsibilities

• Develop and implement procurement governance frameworks aligned with organizational policies and regulatory requirements.
• Drive strategic sourcing initiatives to optimize costs while maximizing value and efficiency.
• Oversee the complete procurement lifecycle from demand planning to contract award and supplier onboarding.
• Establish vendor governance with KPIs, SLAs, and regular performance reviews.
• Manage end-to-end contract lifecycle including negotiations, drafting, renewals and closure.
• Lead third-party risk and compliance processes including due diligence and audits support.
• Collaborate with HR, Finance, IT, Operations and other functions to align sourcing strategies with business objectives.

Job description

Key Responsibilities:-

1. Procurement Governance & Policy Management:

• Develop and implement procurement governance frameworks that align with organizational policies, internal control standards, and applicable regulatory requirements.
• Ensure all procurement activities adhere to established procurement policies, compliance standards, and audit expectations.
• Drive strategic sourcing initiatives to optimize costs while maximizing value and operational efficiency.

2. Strategic Sourcing & Procurement Execution:

• Oversee the complete procurement lifecycle, including demand planning, sourcing strategy, RFQ/RFP management, supplier evaluation, commercial negotiations, and contract award.
• Collaborate with business functions to identify sourcing requirements and develop effective procurement strategies.
• Identify, evaluate, qualify, and onboard new suppliers to strengthen the vendor ecosystem.
• Negotiate favorable commercial terms, pricing, service levels, and contractual conditions to achieve optimal business outcomes.
• Monitor procurement expenditure and identify opportunities for cost reduction and value creation.

3. Vendor Management & Performance Oversight:

• Design and manage a comprehensive vendor governance framework covering supplier onboarding, due diligence, qualification, and ongoing risk assessment.
• Establish vendor performance management mechanisms using clearly defined KPIs, SLAs, and regular performance reviews.
• Maintain an up-to-date centralized repository for vendor records, contracts, compliance documents, and supporting procurement documentation.

4. Contract Administration:

• Manage the end-to-end contract lifecycle, from commercial negotiations and drafting through execution, renewals, amendments, and closure.
• Ensure all agreements incorporate appropriate commercial terms, service level commitments, confidentiality provisions, and risk mitigation clauses.
• Partner closely with Legal and Compliance teams to ensure contracts comply with organizational policies and regulatory obligations.

5. Third-Party Risk & Compliance Management:

• Develop and execute robust vendor due diligence and third-party risk assessment processes covering financial stability, operational capability, legal compliance, cybersecurity, and regulatory requirements.
• Monitor supplier compliance with organizational standards and third-party risk management policies.
• Support internal and external audits by ensuring procurement documentation, vendor records, and compliance evidence are complete and audit-ready.

6. Business Partnership & Stakeholder Engagement:

• Collaborate with stakeholders across HR, Finance, IT, Operations, Facilities, and other business functions to understand procurement requirements and align sourcing strategies with business objectives.
• Provide expert guidance on supplier selection, commercial negotiations, contract structuring, and procurement best practices.
• Foster strong relationships with internal stakeholders and suppliers to ensure seamless procurement execution, service excellence, and vendor accountability.

7. Procurement Excellence & Reporting:

• Develop procurement dashboards and reporting frameworks to monitor spend analysis, supplier performance, savings realization, and procurement effectiveness.
• Identify and implement process improvements, automation initiatives, and industry best practices to enhance procurement efficiency and governance.
• Prepare and present periodic management reports highlighting procurement performance, vendor risk, cost optimization initiatives, and key procurement metrics to senior leadership.