Procurement Sourcing Professional

10 - 15 years

10 - 15 Lacs

Posted:1 day ago| Platform: Foundit logo

Apply

Work Mode

On-site

Job Type

Full Time

Job Description

Primary Responsibilities:

Process Management and Documentation

  • Understand and document the end-to-end sourcing and RFx procurement lifecycle.
  • Create process flowcharts and workflow maps to capture and improve procurement processes.
  • Maintain version control, audit readiness, and compliance documentation for all processes.
  • Support release management for process documentation and updates.
  • Conduct training sessions and refreshers for procurement teams.
  • Formulate strategies to move up the value chain and enhance engagement profitability.
  • Collaborate effectively with stakeholders and management to ensure operational efficiency.

Policies, Procedures, and Program Management

  • Participate in procurement policy reviews and recommend process improvements.
  • Communicate procurement strategies, policies, and compliance guidelines to stakeholders.
  • Identify and escalate service-impacting issues promptly to management.

Category Management and Sourcing Execution

  • Lead sourcing initiatives and strategic planning aligned with category strategy and business objectives.
  • Analyze and cleanse spend data to identify sourcing and cost optimization opportunities.
  • Finalize business requirements and budgets in collaboration with stakeholders.
  • Evaluate market trends, supplier capabilities, and risk factors to support sourcing decisions.
  • Document sourcing processes and maintain all compliance and audit records.

Sourcing Execution

  • Lead and manage RFx events for medium-complexity categories.
  • Develop and manage RFx documentation, bid processes, and supplier communications.
  • Evaluate supplier proposals, conduct scoring and analysis, and recommend preferred suppliers.
  • Negotiate pricing, commercial terms, and contracts with suppliers.
  • Support NDA/CDA creation, legal coordination, and contract award communications.

Contract and Compliance Administration

  • Enter finalized contracts into contract management tools and maintain up-to-date records.
  • Support contract implementation, communication, and change management activities.
  • Ensure contracts align with corporate policies and compliance standards.

Category Buying Desk and Tactical Execution

  • Execute low-clip tactical buys and localized sourcing events.
  • Provide supplier lists and specification feedback to requesters.
  • Maintain savings tracking, procurement dashboards, and reporting mechanisms.

Cost Modeling and Supplier Performance Management

  • Develop should-cost models for strategic categories.
  • Create and manage supplier scorecards and conduct financial health analyses.
  • Lead supplier performance reviews and quarterly business reviews (QBRs).
  • Support supplier identification and market intelligence initiatives of varying complexity.

Other Middle Office Activities

  • Gather market intelligence, sustainability (ESG), and supplier data.
  • Support dashboard and reporting tools (SAP, Power BI, Sievo).
  • Assist in master data updates, vendor record management, and process digitalization initiatives.
  • Contribute to continuous improvement and automation projects.

Mock Interview

Practice Video Interview with JobPe AI

Start Job-Specific Interview
cta

Start Your Job Search Today

Browse through a variety of job opportunities tailored to your skills and preferences. Filter by location, experience, salary, and more to find your perfect fit.

Job Application AI Bot

Job Application AI Bot

Apply to 20+ Portals in one click

Download Now

Download the Mobile App

Instantly access job listings, apply easily, and track applications.

coding practice

Enhance Your Skills

Practice coding challenges to boost your skills

Start Practicing Now
IBM logo
IBM

Information Technology

Armonk

RecommendedJobs for You

bengaluru east, karnataka, india