Procurement Executive

Job Description

Roles & Responsibility Ensure efficient handling of supplier queries and issues through meticulous logging and escalation procedures. Negotiate with suppliers to secure competitive pricing and favorable contract terms, optimizing cost-effectiveness. Execute bidding processes for indirect materials and services, ensuring efficiency and adherence to budgetary constraints. Conduct comprehensive market research, issue RFIs and RFPs, and analyze proposals to inform supplier selection and contract preparation. Perform advanced expenditure analyses to provide key stakeholders with valuable insights and strategic guidance. Coordinate agreement renewals or terminations with suppliers, ensuring seamless transitions and maintaining positive relationships. Lead annual price-update initiatives to uphold competitiveness and cost efficiency, aligned with strategic sourcing strategies. Develop a deep understanding of industry dynamics and supplier landscapes, ensuring optimal solution selection compliant with PMI Principles & Practices. Requirements 2-3 years experience in procurement Good knowledge of IT Procurement and price negotiation Willing to work from office (Bangalore) Exceptional communication skills Good sourcing knowledge Benefits Competitive salary and performance-based incentives. ESOP plan. Flexible work hours. Opportunities for career growth and advancement within a rapidly growing company. Dynamic and collaborative work environment with a diverse and talented team. Show more Show less