Strategic Sourcing and Procurement Specialist

2 weeks ago

Mumbai, Maharashtra, India PayU Full time

About PayU

PayU is a leading payment and Fintech company in 50+ high-growth markets throughout Asia, Central and Eastern Europe, Latin America, the Middle East and Africa, part of Prosus group, one of the largest technology investors in the world. We are redefining the way people buy and sell online for our + merchants and millions of consumers.

What you'll be doing:

  1. Lead strategic sourcing initiatives, including spend analysis, forecasting, and consolidation, to drive cost savings and supplier diversification.
  2. Develop and maintain TCO and Should Cost models, leveraging data analytics and presentation skills to inform key client stakeholders.
  3. Facilitate the end-to-end sourcing process, from requirements gathering to supplier negotiation, ensuring seamless execution and on-time delivery.
  4. Support category strategy development, including spend benchmarking, supplier best practices, and data-driven decision making to drive client objectives.
  5. Manage Spend Analysis, Market trend analysis & RFx Management, large spend and cost optimization on IT procurement.
  6. Responsible for conducting quantitative and qualitative assessments to develop TCO by leveraging presentations, data analytics, advanced excel competencies.
  7. Responsible for planning & purchasing function from procure to pay by developing OEM supplier/ vendors as per client procurement requirement of Non-IT and IT Hardware (laptop, desktop, License, Printer other capex items), IT peripherals, services and electronics goods & gadgets, Telecom products, Project set up products, office automation products etc.
  8. Preparing short term & long-term contract with vendors. Track each step as a Procurement SPOC within team from Procure to Pay Process (from Strategic planning, Change Management purchase requisition, release PO through SAP/Pearl/SAP Hana, delivery and analyse the deviation and compliance of process.
  9. Responsible for RFI/RFP/RFQ, develop Identification/selection of supplier and negotiation of prices, vendor Selection, share Scope of Work with vendor, Purchase order creation, vendor contract extension in terms of value and validity on pan India basis

Reporting & Procurement Operations Administration

  1. Support project budget, historical spend, savings projected vs. actuals, and value delivery tracking.
  2. Report and update contract, supplier performance (dashboards, KPIs, SLAs, etc.), supplier risk (financial, ethics, regulatory, etc.), and life cycle management.
  3. Manages day-to-day procurement processes: Purchase Requisition (PR) to Purchase Order (PO) conversion.
  4. Supports execution of the ad-hoc sourcing requests to provide excellent and timely customer service to all internal customers inquiring about transactional requirements, statuses, and/or general processes.
  5. Participate in process improvement & data optimization exercises.
  6. This person will take direction from stakeholders at different levels, produce quality work with minimal detailed oversight, and report status to team leads.

What are we looking for?

  1. 6-8 years Previous experience in Procurement
  2. Expert level skills with financial assessments, data assessments, MS Excel (including pivot tables), creating charts and graphs, and creating MS PowerPoint presentations
  3. At least 3 years of Procure-To-Pay platform experience (Ariba, Coupa, SAP etc.) is highly preferred
  4. Ability to work creatively and quantitatively in a problem-solving environment
  5. Ability to work comfortably with all levels of the organization
  6. Ability to work in a fast-paced team environment
  7. Self-starter, multi-task, flexible, demonstrating initiative and confidence
  8. Excellent communication skills (written and verbal), including formal presentation skills
  9. Good organizational, multi-tasking, and time management skills
  10. Strategic Sourcing Initiatives: scoping, market and supplier research, RFx (development, management, and evaluation), negotiations
  11. Hands on experience on procurement tools like SAP, Ariba, Coupa etc.

About us

At PayU, we are a global fintech investor and our vision is to build a world without financial borders where everyone can prosper. We give people in high-growth markets the financial services and products they need to thrive.

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