HSGB Procurement - Senior Manager - Strategic Sourcing, Project Management & Procurement
L&T Finance — Mumbai, MUMBAI
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Job Description
Job PurposeThe Senior Manager- Strategic Sourcing, Project Management & Procurement is responsible forleading end-to-end procurement and sourcing strategies, project procurement execution, supplierrelationship management, contract negotiations, and supply chain optimization. The role ensurestimely availability of materials and services, cost competitiveness, risk mitigation, and alignment ofprocurement activities with business and project objectives.The position acts as a strategic partner to Project Management, Engineering, Operations, Finance,and Business Leadership teams to drive commercial excellence and deliver organizational growth.Key Responsibilities1. Strategic Sourcing & Category Management• Develop and implement sourcing strategies for major spend categories.• Analyze market trends, commodity movements, supplier capabilities, and industrybenchmarks.• Identify cost-saving opportunities through strategic sourcing initiatives.• Drive supplier consolidation and vendor rationalization programs.• Develop long-term supplier partnerships and framework agreements.• Lead global and domestic sourcing initiatives.• Ensure procurement strategies support business expansion and operational objectives.• Drive total cost of ownership (TCO) approach in sourcing decisions.2. Project Procurerment Management.• Develop project procurement plans aligned with project schedules and milestones.• Serve as a single point of contact between project teams and procurement organizations.• Lead procurement activities for EPC, Cap Ex, Brownfield, Greenfield, and operationalprojects.• Manage procurement schedules to support project execution timelines.• Coordinate with engineering teams for technical specifications and procurementpackages.• Track procurement progress and highlight project risks.• Manage critical path items and supplier delivery commitments.• Support project reviews and executive reporting.The project procurement leadership responsibilities are aligned with internal procurementmanagement guidance describing procurement planning, coordination with project teams,schedule· management, supplier liaison, and strategic sourcing support.3. Supplier Relationship Management (SRM)• Identify, evaluate, qualify, and on board strategic suppliers.• Drive supplier performance improvement initiatives.• Conduct supplier audits and capability assessments.• Establish supplier scorecards and KPI monitoring systems.• Manage supplier risk and business continuity planning.• Strengthen collaboration with key strategic partners.• Resolve supplier performance issues and contractual disputes.Supplier qualification, on boarding, lifecycle management, and performance management are keyelements highlighted in internal supplier management resources.4. Commercial Negotiations & Contract Management• Lead commercial negotiations with suppliers and contractors.• Secure favorable pricing, payment, warranty, and delivery terms.• Ensure effective contract administration throughout project lifecycle.• Manage claims, change orders, variation orders, and dispute resolution.• Review legal and commercial risks before contract award.• Ensure compliance with company procurement policies and governance requirements.5. Procurement Operations• Oversee RFQ RFP, tendering, bid evaluation, and award processes.• Manage purchase order lifecycle from requisition through closure.• Monitor supplier deliveries, logistics coordination, and inventory requirements.• Ensure procurement process efficiency and cycle-time improvements.• Drive procurement automation and digital transformation initiaf1ves.• Monitor procurement compliance and internal control systems.6. Spend Analytics & Cost Optimization• Utilize spend analytics to identify procurement opportunities.• Analyze category spending trends and supplier concentration risks.• Develop procurement dashboards and management reports.• Drive annual savings targets and value engineering initiatives.• Track procurement KPis including:o Cost Savingso Cost Avoidanceo On-Time Deliveryo Supplier Performanceo Procurement Cycle Timeo Inventory Turnovero Contract ComplianceInternal spend analytics resources emphasize spend visibility, category management, supplierprofiling, delivery monitoring, and procurement decision support.7. Supply Chain & Logistics Coordination• Collaborate with logistics teams to ensure timely movement of materials.• Support inventory optimization and warehouse efficiency.• Coordinate inspections, expediting activities, and customs requirements.• Monitor supply chain disruptions and develop mitigation strategies.• Manage transportation and distribution cost optimization initiatives.8. Stakeholder Management• Partner with:o Project Managerso Engineering Leaderso Operations Teamso Finance & Commercial Teamso Quality Teamso Business Unit Heads• Provide procurement updates and executive reports.• Participate in project review meetings and governance forums.• Influence decision-making through data-driven insights.9. People Leadership• Lead and develop procurement and sourcing teams.• Coach category managers, buyers, and procurement specialists.• Establish performance objectives and development plans.o Promote collaboration, accountability, and continuous improvement.• Build future procurement leadership capabilities.Key Performance Indicators (KPis)o Annual Procurement Savings Achievement• Supplier On-Time Delivery Performanceo PO Cycle Time Reduction• Project Procurement Milestone Achievement• Contract Compliance Rate• Supplier Performance Scores• Procurement Risk Reduction• Inventory Optimization Metrics• Working Capital Improvement• Procurement Automation AdoptionQualificationEducation• Bachelor's Degree in Engineering, Supply Chain, Procurement, Commerce, or BusinessAdministration.o MBA I PGDM in Supply Chain Management, Operations, or Procurement preferred.Professional Certifications (Preferred)• CPSM• CIPS• PMP• Prince2• APICS/CSCP• Lean Six SigmaExperience• 12-18+ years of experience in Procurement, Strategic Sourcing, Supply Chain, and ProjectProcurement.• Minimum 5+ years in leadership roles.• Experience handling large-scale EPC, Manufacturing, Infrastructure, Oil & Gas, Energy,Renewable, or Industrial projects.• Proven success in managing high procurement spend portfolios and complex suppliernetworks.Core CompetenciesTechnical Competencies• Strategic Sourcing• Procurement Management• Category Management• Supplier Relationship Management• Contract Management• Project Procurement• Commercial Negotiation• Supply Chain Management• Spend Analytics• Risk Management• Cost Optimization• ERP /SAP /Ora de SystemsLeadership Competencies• Strategic Thinking• Business Acumen• Cross-functional Collaboration• Change Management• Team Building• Decision Making• Stakeholder Influence• Executive Communication
Frequently Asked Questions
What are the eligibility criteria for the HSGB Procurement - Senior Manager - Strategic Sourcing, Project Management & Procurement job at L&T Finance?
Eligibility typically includes the qualifications and experience outlined in the job description above, with around 10-15 Years years of relevant experience expected for this role.
What are the primary responsibilities of a HSGB Procurement - Senior Manager - Strategic Sourcing, Project Management & Procurement at L&T Finance?
The key responsibilities for this role are detailed in the Key Responsibilities section above, covering the core duties expected of a HSGB Procurement - Senior Manager - Strategic Sourcing, Project Management & Procurement at L&T Finance.
Is prior experience required for this position?
This role requires around 10-15 Years years of relevant experience, as specified in the job listing. Please refer to the Qualifications & Experience section above for full details.
What skills are important for this role?
Skills relevant to this position are outlined in the Qualifications & Experience section above. In general, strong communication, domain knowledge, and the ability to meet role-specific targets are valued across similar BFSI positions.
How do I apply for the HSGB Procurement - Senior Manager - Strategic Sourcing, Project Management & Procurement role at L&T Finance?
You can apply directly using the Apply Now button on this page, which will take you to L&T Finance's application process for this role.