Procurement Expert

6 days ago


Bangalore Metropolitan Area, India Vervent Full time

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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