DBS Bank
Website:
dbs.com
Job details:
Job Purpose
The Lead Procurement for Marketing and Business Services will be responsible for overseeing all aspects of vendor selection, negotiation, and contract management for a wide range of services. This role involves close collaboration with internal marketing, legal, finance, and operations teams to identify needs, manage risks, optimize spending, and drive value for the organization.
Lead Non-IT Procurement - Sourcing and Operations which include various goods, business and marketing services, driving Cost optimization, Compliance and Governance ensuring to be operating within the framework of organization Group Procurement Sourcing Policies and Guidelines.
Key Responsibilities And Requirements
- Strategic Sourcing and Vendor Management: Lead Non-IT Procurement - Sourcing and Operations which include various goods, business and marketing services
- Develop and execute sourcing strategies for marketing services & business services (e.g., agencies, media buys, production, market research, platforms) and other business services (e.g., consulting, travel, professional services).
- Identify and evaluate potential suppliers and vendors based on quality, cost, reliability, and alignment with business needs.
- Manage the competitive bidding process, including preparing RFQs (Requests for Quote), RFPs (Requests for Proposal), and RFIs (Requests for Information).
- Build and maintain strong, long-term relationships with strategic suppliers and internal stakeholders.
- Negotiation and Contract Management:
- Lead negotiations on pricing, terms, and service level agreements (SLAs) to secure the best possible value and mitigate risk.
- Collaborate with the legal department to ensure all contracts are compliant with regulations and favorable to the company.
- Administer, track, and manage contracts throughout their lifecycle, including renewals and terminations.
- Cost Analysis and Optimization:
- Conduct spend analysis and market research to identify cost-saving opportunities and efficiency improvements.
- Monitor market trends and price fluctuations to inform strategic sourcing decisions.
- Track key functional metrics and prepare reports for management regarding savings, performance, and compliance.
- Process Improvement and Compliance:
- Develop and enforce procurement policies and procedures across the organization.
- Evaluate existing processes and implement changes to streamline workflows and enhance effectiveness.
- Ensure all procurement activities adhere to internal policies and relevant legal/regulatory requirements.
Required Skills And Qualifications
- Education: MBA in Marketing or Finance
- Experience: Proven experience in a procurement, sourcing, or purchasing role, preferably with a focus on indirect services, marketing, or business services.
- Skills:
- Exceptional negotiation and communication skills (verbal and written).
- Strong analytical, problem-solving, and data analysis abilities.
- In-depth knowledge of procurement principles, contract law, and strategic sourcing methodologies.
- Proficiency in procurement software/tools and ERP systems – COUPA, MS OFFICE – EXCEL / POWERPOINT.
- Excellent time management, organizational, and project management skills.
Location:
Vikhroli
Job:
Sourcing
Schedule:
Regular
Employee Status:
Full time
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