Senior Cost Manager - Procurement, Bangalore

Role Overview

Procurement Strategy and Cost Management

• Develop and execute procurement strategies aligned with business objectives and project requirements.
• Lead cost planning, benchmarking, spend analysis, and value engineering initiatives.
• Identify cost reduction and process optimization opportunities.
• Establish procurement budgets and monitor expenditure against approved plans.
• Drive total cost of ownership analysis for major procurement decisions.

Sourcing and Supplier Management

• Lead RFQs, RFPs, tender management, bid evaluation, and vendor selection.
• Build relationships with suppliers, contractors, and service providers.
• Evaluate supplier performance through KPIs and implement corrective actions.
• Develop supplier risk mitigation strategies and ensure supply continuity.

Contract and Commercial Management

• Lead commercial negotiations and secure favorable contractual terms.
• Review and manage procurement contracts, service agreements, and purchase orders.
• Ensure contractual compliance and mitigate commercial risks.
• Support dispute resolution and contract administration activities.

Stakeholder Management

• Collaborate with Finance, Operations, Engineering, Projects, and senior leadership teams.
• Provide procurement and cost advisory support for key business initiatives.
• Present procurement performance, savings, and market intelligence reports to senior management.

Governance and Team Leadership

• Ensure adherence to procurement policies, ethical sourcing standards, and regulatory requirements.
• Maintain procurement documentation, audit trails, and reporting systems.
• Mentor procurement professionals and category managers.
• Lead cross-functional procurement projects and strategic initiatives.

Required Qualifications

• Bachelor’s degree in Engineering, Supply Chain, Business Administration, Finance, Quantity Surveying, or a related discipline.
• 10–15 years of progressive experience in Procurement, Commercial Management, Strategic Sourcing, or Cost Management.
• Proven experience managing high-value procurement portfolios and supplier negotiations.
• Strong experience in contract management and cost control methodologies.

Preferred Qualifications

• Master’s degree or MBA is preferred.
• CIPS, CPSM, PMP, MRICS, or an equivalent professional certification is advantageous.
• Experience in construction, infrastructure, real estate, manufacturing, energy, data centers, or industrial projects is preferred.

About the Employer