Nexdigm - Procurement Analyst

Job Description

Role Overview We are looking for a Procurement Analyst with 3-6 years of experience to support marketing-related services procurement for a leading global client. This role requires hands-on sourcing expertise in advertising, media buying, PR, digital marketing, event services, and creative agencies. The role includes supplier management, contract negotiation, procurement analytics, category strategy, and compliance with corporate policies. Key Responsibilities Strategic Sourcing Support (Source to Contract Process): Manage RFx events (RFPs, RFQs) and vendor evaluation for marketing services. Support end-to-end category management of marketing spend. Develop and execute category strategies aligned with business goals. Identify and onboard best-fit agencies (advertising, PR, media, creative). Lead contract negotiations (MSAs, rate cards, SLAs). Analyze supplier proposals and create stakeholder presentations. Manage procurement cycle time and ensure timely completion of sourcing events. Supplier & Contract Management Maintain strong agency/vendor relationships to ensure delivery excellence. Conduct regular supplier performance reviews using defined KPIs. Manage contract compliance, renewals, and risk mitigation. Drive procurement best practices and support audit readiness. Cost Optimization & Budget Management Identify cost-saving opportunities while preserving service quality. Collaborate with finance and marketing teams on budget planning. Perform spend analysis and benchmark agency costs vs. industry. Track and report savings against procurement targets. Procurement Analytics & Reporting Generate reports: category spend, supplier scorecards, and savings trackers. Conduct benchmarking studies to assess vendor performance and pricing. Use E-sourcing tools for sourcing and reporting. Compliance & Process Excellence Ensure compliance with procurement policies, contracts, and ESG goals. Create SOPs, process flowcharts, and training documentation. Drive process improvement initiatives and implement standardized templates. Required Skills & Experience Bachelor's degree in business, Supply Chain, Marketing, or related field. 3-6 years of Indirect procurement experience (preferred marketing category). Hands-on experience with SAP Ariba, Coupa, or Jaggaer. Understanding of marketing contracts and media buying practices. Strong stakeholder management and vendor negotiation skills. Proficiency in Excel, PowerPoint, and data analytics tools. Strong analytical and communication skills. Ability to work in a fast-paced environment with cross-functional teams (ref:iimjobs.com) Show more Show less