is responsible for overseeing and managing the procurement activities of the organization. This includes sourcing, negotiating, and purchasing goods and services required by the company to operate efficiently. The role involves developing and implementing procurement strategies, managing supplier relationships, and ensuring compliance with company policies and procedures.

Key Responsibilities:

Sourcing and Vendor Management:
Identify potential suppliers and evaluate their products and services.
Negotiate contracts, terms, and prices with vendors to obtain the best possible deals.
Maintain strong relationships with existing suppliers and explore opportunities for cost savings and improved quality.
Procurement Strategy:
Develop and implement procurement strategies that align with the companys goals and objectives.
Analyze market trends and conditions to anticipate changes in supply and demand.
Continuously improve procurement processes to streamline operations and reduce costs.
Purchase Order Management:
Generate purchase orders and ensure timely delivery of goods and services.
Coordinate with internal stakeholders to understand their requirements and facilitate the procurement process accordingly.
Maintain accurate records of purchases, contracts, and supplier performance.
Compliance and Risk Management:
Ensure compliance with company policies, procedures, and regulatory requirements.
Assess and mitigate risks associated with procurement activities, such as supply chain disruptions or supplier non-compliance.
Monitor and enforce ethical sourcing practices to uphold corporate social responsibility standards.
Budgeting and Cost Control:
Develop and manage procurement budgets to optimize spending and achieve cost savings targets.
Identify opportunities for cost reduction through volume discounts, alternative suppliers, or process improvements.
Track and report on procurement metrics, such as cost savings, supplier performance, and contract compliance.

Qualifications and Skills:

Bachelors degree in business administration, supply chain management, or a related field.
5+ years in Procurement roles in ecommerce industry w.r.t. Vendor products listing on the ecommerce platform (Amazon, Flipkart or other ecommerce companies)
Proven experience in procurement or purchasing roles, with a strong understanding of sourcing strategies and negotiation techniques.
Excellent communication and interpersonal skills, with the ability to build and maintain relationships with internal stakeholders and external suppliers.
Strong analytical and problem-solving abilities, with a focus on data-driven decision-making.
Proficiency in procurement software and tools, such as ERP systems and e-procurement platforms.
Familiarity with relevant laws and regulations governing procurement practices, such as contract law and import/export regulations.

Additional Requirements:

Certification in procurement or supply chain management is a plus.
Experience in specific industries or sectors may be preferred, depending on the nature of the organizations business.
Willingness to travel occasionally for supplier visits, conferences, or training sessions.

Company Culture Fit:

Adaptability: Ability to thrive in a fast-paced environment and navigate changing priorities.
Collaboration: Willingness to work closely with cross-functional teams and contribute to a collaborative work culture
Integrity: Commitment to upholding ethical standards and acting with honesty and integrity in all interactions.
Innovation: Willingness to explore new ideas and technologies to improve procurement processes and drive business growth.

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Procurement Specialist