Procurement Specialist

Job Description

Work Location: Vadodara

Job Description:

The Lead ensures that purchases are made utilizing a formal strategic sourcing process at the lowest cost and highest quality consistent with the needs of the internal stakeholder, and in alignment with company policies and procedures.

Responsibilities include:

• Ensure all purchases are made in accordance with company policies and procedures while leveraging and maintaining the integrity of purchasing systems and utilizing the seven-step strategic sourcing process.
• Establish NDAs, purchase orders and conduct contract agreement business term negotiations, as appropriate.
• Support renewal requests, budgetary pricing requests, contract inquiries and SOW review requests.
• Maintain appropriate documentation and files for all purchases and monitor supplier performance.
• Support the improvement and upkeep of sourcing templates and other documentation used within Indirect Purchasing.
• Working with finance and AP in processing payments, extending payment terms, and share payment instruction with vendors.
• Meets with business users and sourcing team members to understand business priorities and translate them into strategic procurement plans; comprehends the industry and the Marketplace.
• Identify cost saving opportunities using competitive bidding (RFx), negotiations, and drive service improvements. Measure and report savings with substantiated calculations for P&L, non-P&L and cost avoidance.
• Conduct market research and share data insights
• Work very closely with procurement analyst in collating spend data.
• Collaborate with internal Teams (Legal, Finance, IT) to mitigate risk during contract negotiations.
• Report on active projects and contribute to collaborative, cross-functional reports.
• Executes risk mitigation, business continuity, cost management, and operation strategies.
• Responsible to monitor, mentor, and manage front office support
• Perform other duties as assigned

Level Based Competencies:

• Building Strategic Working Relationships
• Business Acumen
• Planning and Organization
• Strategic Decision Making
• Ability to Manage Multiple Projects in a fast-paced, dynamic environment
• Strong Communication Skills

Technical Knowledge/Skills:

• Understanding of purchasing and sourcing concepts, practices, and procedures
• Negotiation skills
• Excellent computer skills
• Familiar with financial management and comfortable with performing analysis
• Ability to excel in a matrix management environment
• Supply Chain knowledge