Procurement Team Lead
Job Description Summary
The Procurement Team Lead is responsible for managing procurement activities, supply planning, supplier performance, and compliance requirements to ensure uninterrupted business operations. This role will drive sourcing strategies, optimize inventory levels, ensure regulatory compliance, and support cost-saving initiatives while maintaining strong supplier relationships. The incumbent will work closely with cross-functional teams including Finance, Operations, Quality, Engineering, and Logistics to ensure procurement and planning objectives are achieved
Key Responsibilities
Procurement & Strategic Sourcing
- Manage end-to-end procurement activities, including sourcing, supplier selection, negotiations, contract management, and purchase order issuance ensuring strict adherence to company policies
- Develop and implement sourcing strategies to optimize cost, quality, delivery, and supplier performance
- Conduct RFQ, RFP, and tender processes in accordance with company policies.
- Negotiate pricing, payment terms, contracts, and service agreements with suppliers.
- Monitor supplier performance through KPIs and implement corrective actions where necessary.
- Identify and execute cost-saving and value engineering initiatives.
- Develop and maintain procurement and supply plans based on business forecasts and operational requirements.
- Collaborate with stakeholders to ensure stock availability and prevent disruption of supp
- Monitor consumable stock levels and support optimization initiatives.
- Analyze demand trends and adjust procurement plans accordingly.
- Coordinate with logistics and warehouse teams to ensure timely delivery of materials and services
Compliance & Governance
- Ensure procurement activities comply with company policies, ethical standards, and regulatory requirements.
- Manage compliance with local authority requirements, including e-Invoicing regulations and procurement-related statutory obligations.
- Ensure compliance with indirect tax requirements such as GST, SST, VAT, withholding tax, and other applicable regulations.
- Support internal and external audits related to procurement and supply chain activities.
- Maintain accurate procurement records, contracts, supplier documentation, and audit.
- Monitor and mitigate procurement and supplier-related risks.
Reporting & Continuous Improvement
- Prepare procurement reports, spend analysis, supplier performance reports, and E-Invoicing report and compliance dashboards.
- Analyze procurement data to identify trends, opportunities, and risks.
- Drive continuous improvement initiatives to enhance procurement efficiency and process effectiveness.
- Support digitalization and automation initiatives within procurement and supply chain functions.
- Participate in cross-functional projects and strategic business initiatives.
Requirements & Educations
- Bachelor’s degree in business administration, Supply Chain Management, Procurement.
- Minimum 6 years of relevant experience in Procurement, Supply Chain, Planning, or Compliance functions.
- Experience working in a manufacturing or aerospace environment is an added advantage.
- Strong vendor management and stakeholder management skills.
- Excellent communication and interpersonal abilities.
- Proficiency in procurement software, SAP and Microsoft Office application.
- Analytical thinking and problem-solving skills.
- Ability to work independently and as part of a team.
- Knowledge of e-invoicing with local authority compliance matters to procurement activities or transactions.
- Knowledge of indirect taxes with local authority compliance matters to procurement activities or transactions.
