Procurement Specialist

3 weeks ago

Bengaluru, India Novel Office Full time

Job Description

Job description

Job Summary:

We are seeking a highly motivated and detail-orientedProcurement Executivewith 0-1 years of experience to join our dynamic procurement team. In this role, you will be responsible for identifying, evaluating, and negotiating with suppliers and vendors to secure the best possible terms. You will also assist in managing purchase orders, monitoring inventory levels, and ensuring the timely delivery of goods and services to meet the company's needs.

Key Responsibilities:

- Supplier Management:Proactively identify, assess, and negotiate with suppliers and vendorsincluding subcontractors, manufacturers, and service providersthrough regular phone outreach to secure favourable terms, ensuring optimal cost, quality, and timely delivery.
- Purchase Order Preparation:Prepare purchase orders in accordance with company procurement policies and ensure the accuracy of procurement documentation.
- Inventory Monitoring:Monitor inventory levels and forecast future purchasing requirements based on current and projected demand.
- Market Analysis:Analyse market trends to identify sourcing opportunities and recommend cost-saving measures to improve procurement efficiency.
- Cross-Department Collaboration:Collaborate with internal teams (e.g., Operations, Finance, and Logistics) to ensure the timely and efficient delivery of materials.
- Order Tracking:Track orders, coordinate with suppliers, and ensure timely delivery of goods by liaising with logistics partners as needed.
- Supplier Performance Monitoring:Maintain records of supplier performance and evaluate their reliability, quality standards, and compliance with agreements.
- Compliance and Documentation:Ensure procurement activities are conducted in accordance with company policies and industry regulations and maintain accurate records of procurement activities.

Qualifications:

- Education:Bachelors degree in Supply Chain Management, Business Administration, Commerce, or a related field.
- Experience:0-1 years of experience in procurement, purchasing, or supply chain management.
- Skills:
- Strong negotiation and communication skills.
- Proficient in Microsoft Office Suite (Excel, Word, Outlook).
- Familiarity with procurement or ERP software (e.g., SAP, Oracle) is a plus.
- Strong attention to detail and organizational skills.
- Ability to work collaboratively with internal departments and external suppliers.

Preferred Skills:

- Basic knowledge of supplier relationship management and vendor contracts.
- Understanding of inventory management and procurement best practices.
- Previous experience in a similar role within manufacturing, retail, or any other relevant industry is an advantage.
- Should know AutoCAD.

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