• Project Oversight: Prepare and announce comprehensive audit plan for the respective category and process covering: -
o Cost Management
▪ Actual vs Budget vs Estimate Variance
▪ Industry Benchmark / Market Price Comparison
▪ Hidden Cost / Unexpected Expense
▪ Audit TCO Analysis (Buy vs Hire)

o TC Lifecyle Potential Risk
▪ Fraud or unethical behavior while selecting vendor/ price finalization
▪ Contract Adherence
▪ Regulatory & Internal Policy Compliance

o Process Efficiency
▪ Procurement Cycle Time (Delay Analysis)
▪ Amendment Analysis
▪ Procurement tool utilization/ effectiveness
▪ Consistency in procurement processes
▪ Necessary Approvals & Documents
• Conduct Periodic Audits in category specific projects procurements for compliance with standards and regulations
• Technical Evaluation: Provide specialized knowledge in their respective categories & assess technical specifications and quality of materials
• Performance Audit: Review cost estimates and actual expenditures along with project timelines and milestones
• Vendor Assessment: Evaluates category specific vendors and subcontractors' capabilities / documents
• Inventory Audit: Audits inventory levels and mgmt. practices including material reconciliation reports

Educational Qualification:

Bachelor's degree in engineering, with PG Diploma in Project Management (NICMAR preferred).

Experience: 

• Buying, Cost Estimation, Vendor Negotiations and Vendor Management
• Contracts Management and Contracts Administration
• Logistics, Supply Chain and Material Management
• Exposure and Experience and Managing TC lifecycle Management through ERP Systems – SAP, ARIBA etc
• Deploying TC Assurance / Governance / Audit Framework
• Managing a diverse range of stakeholders who have different and often divergent requirements and levels of expertise.
• Strong analytical skills with the ability to conduct cost-benefit analysis and / or periodic audits.