Senior Procurement Executive

As a Senior Procurement Executive at Innovations Investment Management India Pvt Ltd based in Bangalore, your main responsibility will be to understand various businesses and their needs. You will be tasked with building a strong vendor database, working closely with suppliers and service providers, and evaluating the best options in terms of cost and service. Your role will involve negotiating contracted rates, staying updated on new products and technologies, and onboarding vendors that best suit the market. In addition, you will need to estimate cost parameters and budgets for purchases, maintain positive relationships with vendors, and make professional decisions in a fast-paced environment. Keeping records of purchases, pricing, and other important data will be essential, as well as reviewing and analyzing all supply options. You will work on developing purchasing plans, negotiating pricing and supply contracts, and ensuring the quality of products and supplies. Furthermore, you will collaborate with team members and the procurement manager as needed, practicing ethical buying and maintaining professional relationships with vendors. Your role will also involve understanding project needs, delivering cost-effective projects within agreed timelines, and ensuring a smooth transition from projects to operations. You will prepare handover documentation, operational and maintenance checklists, and support the operation team during the incubation phase. To excel in this role, you should be tech-savvy and proficient in PowerPoint and Excel. Previous experience in procurement, particularly in retail and hospitality, will be beneficial. You should have a deep understanding of end-to-end procurement procedures and departmental operations, as well as familiarity with financial and facilities management principles. Proficiency in MS Office and Sharepoint, analytical thinking, problem-solving skills, organizational abilities, and multitasking skills are crucial. Being a team player with leadership qualities, a zeal for learning, self-motivation, and ideally prior knowledge of the system will be advantageous. This is a full-time position based in Bangalore, requiring a minimum of 5 years of experience. Interested candidates are encouraged to share their resumes with hr@iinnovations.com. The role offers health insurance benefits, follows a day shift schedule, and requires a Bachelor's degree. Proficiency in Hindi and English languages is preferred. If you have previously handled facility management or internal communications roles, it would be an added advantage.,