Procurement Manager - Gurugram, India - Max Life Insurance Company Limited

Description

Job Summary

He/she 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, negotiate and structure cost effective and risk mitigated commercial models while executing cost optimization initiatives. Support organizational strategies to achieve corporate objectives.

Roles & Responsibilities

• Procurement of common services / goods for Line of Business mainly for commodities like PPMC, Policy Printing, Claim Investigation, Customer Personal Verification, Underwriting, Survey & Research, Audit, Fitout, New Office Fitout, Employee Engagement Survey, Marketing Spend etc.
• Handle around 8-10 categories, 12-15 subcategories with total spend of approx. 60 Cr for year.
• Experience of working in larger team of Procurement Professionals
• Consolidate volume/ vendors for category / Subcategory under role, develop new vendors to release savings.
• Manage multiple mix of tactical and strategic, in various categories and ensure timely closure of contract and release of Purchase Order as per agreed SOP.
• Led key initiatives, take full responsibility of the projects handled and keep users and stakeholders posted on the developments.
• Draft RFP, RFQ, RFI on Ariba for handled project and conduct e-Auction and related sourcing event.
• Prepare selection criteria for suppliers who can provide goods/services in accordance with the needs of the internal customers, negotiate rates, set up contracts and manage supplier relationships.
• Achieve given business targets on SLAs, Cost reduction and key control indicators.  Manage and maintain internal customer, supplier relationships and customers.  High level of internal customer orientation, proactive approach and focus on meeting agreed SLAs.  Perform ongoing relationship management with Internal and External customer in order to increase satisfaction and improve interaction. Conducting regular monthly meeting with critical business / suppliers.  Meet all statutory and legal compliance requirements as per policy.