Procurement Specialist

4 weeks ago


Bengaluru, Karnataka, India Thermo Fisher Scientific Full time
Procurement Specialist Job Description

We are seeking a skilled Procurement Specialist to join our team at Thermo Fisher Scientific. The successful candidate will be responsible for handling both direct and indirect spend purchases, with a focus on category management and source-to-pay processes.

Key Responsibilities:
  • Handle direct and indirect spend purchases, ensuring compliance with company policies and procedures.
  • Collaborate with legal to finalize contracts and ensure compliance with regulatory requirements.
  • Stay up-to-date on market dynamics and sourcing trends to identify opportunities for innovation and cost savings.
  • Qualify suppliers and maintain strong relationships to mitigate business risks.
  • Develop and implement procurement strategies to achieve targeted cost reductions and streamline processes.
  • Foster partnerships and achieve savings targets through cross-functional initiatives.
  • Collaborate with colleagues to gather quotes, negotiate contracts, and register vendors.
  • Use ERP tools, with a preference for Oracle experience.
  • Demonstrate excellent negotiating and partnership skills to meet targets and deadlines.
  • Interact with vendors to obtain techno-commercial offers and manage the technical and commercial evaluation of bids.
  • Collaborate with suppliers to negotiate price, delivery terms, and conditions.
  • Prepare comparison sheets for finalized suppliers and create purchase orders/contracts.
  • Follow up with vendors to ensure timely delivery of materials and services.
  • Coordinate with planning, logistics, and warehouse teams for efficient receipt of materials.
  • Maintain compliance with audit requirements and records.
  • Develop alternate sourcing strategies and provide end-to-end procurement support.

This is an individual contributor role that offers a unique opportunity to contribute to the success of our organization's procurement metrics.

Thermo Fisher Scientific is an equal opportunity employer and provides reasonable accommodations for job seekers with disabilities during the application process.



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