Procurement Expert
6 days ago
Job Summary:
Vervent is seeking a seasoned Procurement Specialist to drive strategic procurement initiatives across India and the USA. This role requires a skilled professional with expertise in sourcing, negotiation, and supplier management to ensure efficient and cost-effective procurement processes.
Key Responsibilities:
- Develop and Implement Procurement Strategies: Align procurement strategies with organizational objectives for India and USA operations.
- Source Suppliers and Manage Relationships: Identify, evaluate, and manage suppliers to ensure high-quality products and services are delivered on time and within budget.
- Negotiate Contracts and Pricing: Read SOW & Contract, negotiate contracts, pricing, and terms with suppliers to achieve cost savings and favorable terms for the organization.
- Collaborate with Stakeholders: Work with internal stakeholders, including finance, operations, and legal teams, to understand procurement needs and requirements.
- Market Research and Analysis: Conduct market research and analysis to identify potential suppliers, assess market trends, and benchmark pricing.
- Procurement Process Management: Manage the procurement process from requisition to purchase order issuance, ensuring compliance with company policies and procedures.
- Supplier Performance Monitoring: Monitor and evaluate supplier performance, address any issues or discrepancies, and implement corrective actions as needed.
- Process Improvements: Identify opportunities for process improvements and cost optimization within the procurement function.
- Industry Best Practices: Stay updated on industry best practices, regulations, and trends in procurement to drive continuous improvement and innovation.
- Reporting and Analysis: Prepare and present reports and analysis on procurement activities, including savings, supplier performance, and key metrics, to management.
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