Procurement Specialist

Job Title: Procurement Specialist

Location: Bommasandra, Bengaluru

Reports to: procurement manager.

Key Responsibilities:

1. Strategic Sourcing and Vendor Management.

• Identify and evaluate potential suppliers based on quality, cost, reliability, and delivery timelines.
• Establish and maintain long-term relationships with vendors and suppliers.
• Conduct regular supplier performance assessments and address any issues promptly.

2. Purchasing and Negotiation.

• Negotiate contracts, terms, and pricing to achieve the best value for the organization.
• Process purchase orders and ensure timely delivery of goods and services.
• Track and manage procurement budgets and cost-saving initiatives.

3. Inventory and Supply Chain Coordination.

• Collaborate with internal departments to forecast procurement needs.
• Monitor inventory levels to avoid shortages or overstocking.
• Coordinate with logistics to ensure seamless delivery and inventory flow.

4. Compliance and Documentation.

• Ensure all procurement activities comply with company policies and regulatory requirements.
• Maintain accurate records of purchase orders, contracts, and supplier performance.
• Support audits and provide necessary documentation as required.

5. Process Improvement.

• Continuously review and improve procurement processes to enhance efficiency.
• Identify market trends and innovations that can benefit the organization’s procurement strategy.

Required Qualifications:

• Bachelor’s degree in Business Administration, Supply Chain Management, or a related field.
• Proven experience in procurement, sourcing, or supply chain management (e.g., 3–5 years).
• Strong negotiation and vendor management skills.
• Proficiency in procurement software and tools (e.g., SAP, Oracle, or other ERP systems).
• Excellent analytical and problem-solving abilities.
• Knowledge of procurement laws, regulations, and compliance standards.

Preferred Qualifications:

• Certification in Procurement (e.g., Certified Professional in Supply Management - CPSM, CIPS).
• Familiarity with sustainable and ethical sourcing practices.

Key Competencies:

• Strong communication and interpersonal skills.
• Attention to detail and organizational skills.
• Ability to work under pressure and meet deadlines.
• Team player with a collaborative mindset.

Job Types: Full-time, Permanent

Pay: ₹20,299.31 - ₹47,188.25 per month

Benefits:

• Health insurance
• Provident Fund

Work Location: In person