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IBM
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Procurement Sourcing Professional

Procurement Sourcing Professional

IBM

6 years

0 Lacs

Bengaluru Karnataka India

Posted:1 week ago| Platform:

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Skills Required

procurement sourcing design code technology research contracts management initiation drafting negotiation compliance risk governance audits finance training strategies support coordination ariba coupa sap tracking reports drive data analysis pricing documentation communication metrics leadership evaluation excel word

Work Mode

On-site

Job Type

Full Time

Job Description

Introduction

At IBM, work is more than a job - it's a calling: To build. To design. To code. To consult. To think along with clients and sell. To make markets. To invent. To collaborate. Not just to do something better, but to attempt things you've never thought possible. Are you ready to lead in this new era of technology and solve some of the world's most challenging problems? If so, lets talk.

Your Role And Responsibilities

As a Procurement Sourcing Professional, you will be responsible for supporting and executing sourcing activities. You will assist in managing supplier interactions, conducting market research, preparing contractual documents, and ensuring timely preparation and execution of the contracts. This role requires a working knowledge of sourcing practices, contract management, and procurement tools.

Manage the full lifecycle of contracts from initiation, drafting, negotiation, execution, renewal, and termination.
Maintain a centralized repository of all procurement contracts and ensure timely renewals and amendments.
Monitor contract performance and compliance with agreed terms and SLAs.
Draft, review, and negotiate various types of procurement contracts including MSAs, NDAs, SOWs, SLAs, and amendments.
Collaborate with suppliers, legal and category managers to ensure contracts reflect business needs and risk mitigation strategies.
Ensure all contracts comply with internal policies, regulatory requirements, and industry standards.
Identify and mitigate contractual risks through appropriate clauses and governance mechanisms.
Conduct periodic audits and reviews of contracts to ensure adherence to compliance frameworks.
Act as a liaison between procurement, legal, finance, and business units to align contract terms with operational goals.
Provide guidance and training to procurement teams on contract templates, negotiation strategies, and compliance requirements.
Support dispute resolution and claims management in coordination with legal teams.
Utilize contract management tools (e.g., Ariba, Coupa, SAP CLM) for contract creation, tracking, and reporting.
Generate reports on contract status, expirations, risk exposure, and savings opportunities.
Drive continuous improvement in contract management processes and tools.
Support category managers and sourcing leads with data analysis, supplier evaluations, and contract preparations.
Coordinate with internal stakeholders to understand business needs and communicate sourcing timelines.
Assist in supplier negotiations and ensure pricing, delivery, and quality align with expectations.
Maintain procurement documentation including quotes, contracts, and supplier communication records.
Track sourcing KPIs and savings metrics, and prepare reports for leadership review.

Preferred Education

Bachelor's Degree

Required Technical And Professional Expertise

Bachelor’s Degree in Business, Supply Chain, Commerce, or related discipline.
3–6 years of experience in procurement, sourcing, or supply chain support roles.
Familiarity with procurement systems such as Ariba, Coupa, SAP, or Oracle.
Good analytical and communication skills to work with suppliers and internal teams.
Basic understanding of contract terms, sourcing methodologies, and supplier evaluation criteria.
Detail-oriented and capable of handling multiple sourcing activities simultaneously.
Proficiency in MS Office (Excel, Word, PowerPoint).

Preferred Technical And Professional Experience

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Procurement Sourcing Professional