Procurement Specialist

3 weeks ago

Bengaluru, Karnataka, India Source Asia Full time
This is a full-time role for a Procurement Specialist located in Bangalore, India. This role will focus on sourcing industrial supplies, vendor onboarding, and managing procurement contracts. The ideal candidate will have a strong understanding of industrial consumables, vendor management processes, and contracting best practices.

Responsibilities:

Vendor Sourcing & Onboarding: Identify, evaluate, and onboard reliable suppliers for industrial consumables, tools, and MRO products.

Contract Negotiation: Negotiate contracts, pricing structures, payment terms, and service agreements to secure the best value.

Supplier Relationship Management: Build and maintain strong vendor relationships to ensure supply reliability, quality compliance, and cost competitiveness.

Performance Monitoring: Track supplier KPIs (lead time, quality, pricing, delivery accuracy) and take corrective action when needed.

Demand Planning: Collaborate with internal teams (sales, operations, and warehouse) to forecast procurement needs and maintain optimal inventory levels.

Documentation & Compliance: Maintain accurate purchase orders, procurement records, vendor contracts, and ensure adherence to company policies and legal requirements.

Market Intelligence: Stay informed on market trends, new products, and competitive pricing in the industrial supplies sector to support strategic sourcing decisions.

Qualifications:

Education: Bachelor's degree in Mechanical or Industrial Engineering or related field.

Experience:

Minimum 2–4 years in procurement, preferably in industrial distribution or supply chain.

Proven experience in sourcing and managing industrial consumables and MRO supplies.

Strong understanding of procurement processes, vendor management, and contract law.

In-depth knowledge of industrial consumables, tools, fasteners, PPE, abrasives, lubricants, and related categories.

Excellent communication, negotiation, and vendor relationship skills.

Strong analytical and decision-making abilities to evaluate supplier performance and pricing competitiveness.

Proficiency in MS Office (Excel, Word, PowerPoint); ERP or inventory management system experience is an advantage

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