We are looking for a motivated and detail-oriented
Junior Procurement Analyst
to support our procurement and sourcing functions. In this role, you will assist in collecting and analyzing purchasing data, preparing supplier evaluations, supporting RFQ/RFP processes, and maintaining procurement records. You will work closely with the procurement team to ensure data accuracy, vendor compliance, and timely reporting.This is an ideal opportunity for a recent graduate or early-career professional eager to grow in the field of supply chain and procurement analytics.
Responsibilities
Data Analysis & Reporting
- Analyze procurement data to identify trends, cost-saving opportunities, and process inefficiencies.
- Develop and maintain dashboards, reports, and KPIs to support strategic purchasing decisions.
Spend Analysis
- Track and analyze company spend across categories and suppliers.
- Identify areas of high expenditure and opportunities for consolidation or negotiation.
Supplier Performance Evaluation
- Monitor and evaluate vendor performance based on quality, cost, delivery, and compliance.
- Provide data-driven recommendations for vendor selection, renewal, or replacement.
Market Research
- Conduct research on market trends, pricing benchmarks, and new suppliers.
- Support sourcing strategies based on market insights and business needs.
RFQ & RFP Support
- Assist in preparing and evaluating Requests for Quotations (RFQs) and Requests for Proposals (RFPs).
- Analyze quotation data and support decision-making for supplier selection.
Cost Optimization
- Support procurement team in identifying and implementing cost reduction initiatives.
- Analyze price variances and suggest improvements to purchasing strategies.
Contract and Compliance Monitoring
- Track key contract terms, renewal dates, and compliance requirements.
- Ensure procurement activities align with internal policies and legal standards.
Process Improvement
- Recommend and support implementation of process improvements in procurement workflows.
- Collaborate with cross-functional teams to enhance sourcing efficiency.
Tool and System Management
- Work with procurement software/tools (e.g., ERP, Excel, Power BI) for data analysis and reporting.
- Maintain accurate and up-to-date procurement records and databases.
Stakeholder Collaboration
- Liaise with internal departments such as finance, operations, and legal to align procurement goals.
- Support procurement leadership with data insights and strategic input.
Skills Required
- Ability to analyze procurement data to identify trends, cost-saving opportunities, and performance gaps.
- Skilled in using Excel functions like pivot tables, VLOOKUP, and formulas to manage and visualize procurement data.
- Strong understanding of sourcing, vendor evaluation, RFQs/RFPs, and contract management.
- Effective in collaborating with vendors and internal teams, and presenting insights clearly to support decisions.
Qualifications
Bachelor’s degree in any of the following fields:
- Business Administration / Commerce / Supply Chain Management / Economics / Engineering (for technical procurement roles) /Finance or Accounting (preferred for data - focused roles).
Experience :
1 Year
Location :
ThiruvananthapuramSkills: procurement,rfp,excel
