Procurement Analyst

Job Description

About Apexon: Apexon is a digital-first technology services firm specializing in accelerating business transformation and delivering human-centric digital experiences. We have been meeting customers wherever they are in the digital lifecycle and helping them outperform their competition through speed and innovation. Apexon brings together distinct core competencies – in AI, analytics, app development, cloud, commerce, CX, data, DevOps, IoT, mobile, quality engineering and UX, and our deep expertise in BFSI, healthcare, and life sciences – to help businesses capitalize on the unlimited opportunities digital offers. Our reputation is built on a comprehensive suite of engineering services, a dedication to solving clients’ toughest technology problems, and a commitment to continuous improvement. Backed by Goldman Sachs Asset Management and Everstone Capital, Apexon now has a global presence of 15 offices (and 10 delivery canters) across four continents. To know more about us please visit: https://www.apexon.com/ Please find the details of a job opportunity with us and apply if you are interested. We will review your application and revert back if it matches the required criteria. Role: Procurement Analyst Experience: 4-6 years Location: Bangalore and Ahmedabad Job Summary: The Procurement Analyst (End-to-End Procurement) is responsible for managing and optimizing the entire procurement process within the organization. This role covers the complete procurement lifecycle, from identifying procurement needs to sourcing suppliers, negotiating contracts, and managing supplier relationships, all the way through to delivery, payment, and performance analysis. The Procurement Analyst plays a key role in ensuring the organization acquires goods and services in a timely, cost-effective, and efficient manner while ensuring compliance with company policies and best practices. Key Responsibilities: 1. Full Procurement Lifecycle Management Needs Identification & Requirements Gathering: Collaborate with internal stakeholders to identify procurement needs and determine specific requirements for products, services, or materials. Sourcing & Supplier Selection: Research, identify, and evaluate potential suppliers based on cost, quality, and delivery performance. Issue RFPs (Request for Proposals), RFQs (Request for Quotations), and conduct supplier negotiations. Vendor Management & Relationship Building: Develop and manage relationships with key suppliers to ensure long-term success and maintain competitive pricing, reliable deliveries, and high-quality standards. Contract Negotiation & Management: Negotiate contracts, pricing, and terms with suppliers. Ensure that contracts are properly executed, monitored, and managed for compliance and performance. Order Placement & Management: Create and issue purchase orders, track order progress, and ensure timely delivery of goods/services. Ensure purchase orders are aligned with the approved budget and project timelines. 2. Data Analysis & Reporting Market Analysis: Monitor market trends, pricing fluctuations, and changes in supplier offerings to keep procurement strategies current and competitive. Procurement Metrics & KPIs: Track procurement performance using key performance indicators (KPIs) such as cost savings, supplier lead times, quality control, and compliance. 3. Cost Management & Budgeting Cost Control & Optimization: Monitor and manage procurement costs to ensure adherence to budgets and financial objectives. Identify and implement cost-saving opportunities through strategic sourcing, bulk buying, or supplier consolidation. 4. Supplier Performance & Risk Management Supplier Performance Evaluation: Regularly assess supplier performance, including delivery timelines, quality of goods/services, compliance with contract terms, and responsiveness. 5. Compliance & Process Improvement Procurement Policies & Compliance: Ensure that all procurement activities comply with company policies, legal regulations, and ethical standards. • Audits & Controls: Assist with internal and external audits of procurement practices and documentation to ensure compliance and best practice adherence. Experience and skills required: Minimum of 4 years of experience in procurement, supply chain management, or a related field, with a strong understanding of end-to-end procurement processes. Professional certifications (e.g., CPSM (Certified Professional in Supply Management), CIPS (Chartered Institute of Procurement & Supply), or equivalent) are preferred Proven experience in supplier negotiation, purchasing, and contract management. Experience working with procurement software tools (e.g., SAP, Oracle, Coupa, Ariba) and Microsoft Office Suite (Excel, PowerPoint, Word). Procurement Process Expertise: Strong understanding of the full procurement cycle, from requirements gathering to supplier evaluation, order management, and performance monitoring. Negotiation & Vendor Management: Excellent negotiation skills with a proven ability to secure favorable terms and build strong supplier relationships. Show more Show less