Senior Buyer

2 weeks ago

Chennai, India Cognizant Technology Solutions Full time

Job Title: Senior Buyer

Job Description:

The IT Procurement Executive will be responsible for managing and supporting all IT vendors, licensing, and maintenance agreements. This role involves building a portfolio of current IT vendors and handling the software procurement process for the ongoing review of IT vendors, licensing, and maintenance agreements.

Key Responsibilities:

  1. Vendor Management: Manage maintenance/service agreements across software and Software Services.
  2. Contract Analysis: Understand overall cost drivers in a contract and quantify them as value to be negotiated or structure it as a cost.
  3. Risk Management: Define accurate cash inflows of a deal, set penalties on failures, define deliverables, milestones, and ways to overcome probable risks in a contract.
  4. Market Analysis: Validate market trends in software licensing and submit innovative ideas to remodel the licensing metrics.
  5. Collaboration: Collaborate with IT Teams and other departments to negotiate terms with vendors, to mitigate risk and maximize price efficiencies.
  6. Invoicing and Payment: Work closely with IT and Finance departments to ensure that invoicing and payment occur on a timely and accurate basis.
  7. Contract Negotiation: Conduct negotiation of pricing to leverage volume purchasing and achieve highest cost savings.
  8. Agreement Monitoring: Proactively monitor when the terms of agreements are nearing expiration. Discuss on-going requirements with IT Management.
  9. Reporting: Develop and maintain central tracking and reporting mechanism for all contracts and agreements within the responsibility of IT Procurement ensuring annual renewals are completed.

Qualifications:

The successful candidate will be a self-starter, detail-oriented, and possess strong written and verbal communication skills. They should be customer service oriented and have the ability to interpret, review, and negotiate technology-related contracts.

  • A bachelor’s degree in business management, economics, commerce, supply chain management, or Computer Science.
  • 10-12 years of IT Procurement/Sourcing support experience.
  • Must have Software procurement licensing experience and related Software agreement and understanding in IT networks and infrastructure, data centre technology, end user, mobile, web and social media technology and terms.
  • Excellent verbal and written communication skills, including the ability to explain technical contractual aspects to senior leaders within and external to the IT Organization.
  • Excellent customer service, decision-making, and organizational skills.

This role requires a deep understanding of the IT vendor landscape, software licensing, and maintenance agreements. Experience in software procurement and contract negotiation is highly desirable.

Please note that this is a general job description, and the specific responsibilities and qualifications may vary based on your organization’s needs.

 

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