Procurement Executive

summary and analysis

Job Title:

Executive Procurement

Job Responsibilities:

1. Sourcing & Procurement:

• Source and procure goods/services.

• Research and identify new suppliers/vendors.

• Evaluate and select new vendors ensuring optimal quality and pricing.

• Negotiate contracts to achieve cost-effectiveness and quality standards.

• Analyze vendor rates and approve cost estimates.

2. Vendor & Contract Management:

• Perform due diligence checks for new and renewal vendor contracts.

• Maintain vendor master data and ensure compliance with internal policies.

• Perform quarterly vendor performance evaluations for RFPs/RFQs.

• Manage vendor relationships for pricing, service, and delivery.

3. Process Management & Documentation:

• Maintain documentation for RFP/RFQ/RFI processes.

• Update and manage Due Diligence Tracker and Procurement Tracker.

• Coordinate with cross-functional teams for upcoming contract renewals.

4. Reporting & Compliance:

• Prepare monthly procurement MIS reports.

• Maintain compliance and risk-related data.

• Stay updated on legal/regulatory trends that affect supplier agreements.

5. Cost Optimization & Efficiency:

• Identify potential cost-saving opportunities.

• Ensure procurement of the best materials/services at optimal costs.

• Monitor and improve procurement process efficiency.

Key Performance Indicators (KPIs):

Qualitative:

• Execution of cost-saving initiatives

• Improvement in process efficiency

• Expansion and support of supplier diversity

Quantitative:

• Internal & external customer satisfaction/feedback

Preferred Credentials:

Education:

• B.Com / B.Sc / BMS Freshers welcome

Skills & Competencies:

• Good communication skills

• Strong networking and relationship-building skills

• Analytical thinking

• Attention to detail

Ideal Candidate Profile:

A proactive, detail-oriented graduate with strong communication and analytical skills, capable of managing procurement processes, building vendor relationships, and driving cost-efficient sourcing while maintaining compliance and process transparency.