We are seeking a detail-oriented and proactive Procurement Specialist / Buyer to manage purchasing activities, supplier relationships, cost analysis, and procurement operations. The role involves reviewing purchase requisitions, managing Requests for Quotations (RFQs), processing purchase orders, monitoring supplier performance, and ensuring the timely and cost-effective procurement of materials and services. The ideal candidate will collaborate with cross-functional teams to support commodity management, maintain ERP data accuracy, and achieve procurement objectives related to cost, quality, delivery, and operational efficiency.
Key Responsibilities
Review purchase requisitions, manage Requests for Quotations (RFQs), evaluate supplier quotations, and process purchase order changes in accordance with procurement policies.
Manage ongoing supplier relationships, providing commercial support to business operations and ensuring alignment with organizational objectives.
Collaborate with cross-functional teams, including planning, engineering, manufacturing, finance, and supply chain, to coordinate purchasing activities and ensure timely material availability at competitive costs.
Maintain accurate procurement data and ensure data integrity across enterprise resource planning (ERP) systems.
Conduct cost analysis, pricing evaluations, spend analysis, and volume planning for assigned commodities.
Monitor the cost, schedule, scope, and performance of assigned subcontracts to ensure compliance with contractual requirements and deliver the best value.
Engage with suppliers to review and manage performance, delivery schedules, product quality, and corrective actions.
Support commodity management activities, including procurement planning, commodity business plans, market trend analysis, pricing assessments, and product availability reviews.
Negotiate pricing, payment terms, lead times, and other commercial terms to achieve cost savings and favorable purchasing conditions.
Track purchase orders and proactively resolve issues related to delivery delays, shortages, pricing discrepancies, and supplier commitments.
Identify opportunities for cost reduction, process improvement, supplier consolidation, and supply chain risk mitigation.
Ensure compliance with procurement procedures, contractual obligations, internal controls, and relevant company policies.
Prepare procurement reports and maintain documentation related to supplier quotations, purchase orders, cost analysis, and supplier performance.
Required Qualifications
Bachelor's degree in Supply Chain Management, Business Administration, Engineering, Commerce, or a related field.
Relevant experience in procurement, purchasing, sourcing, supply chain management, or materials management.
Working knowledge of purchase requisitions, RFQs, purchase orders, supplier negotiations, and procurement processes.
Experience using ERP systems such as SAP, Oracle, or similar procurement platforms.
Strong analytical skills, including cost analysis, pricing evaluation, and spend management.
Excellent communication, negotiation, supplier relationship management, and problem-solving skills.
Ability to coordinate with cross-functional stakeholders and manage multiple priorities effectively.
Strong attention to detail and commitment to data accuracy and process compliance.
Preferred Qualifications
Experience in semiconductor, electronics, manufacturing, or technology industries.
Knowledge of commodity management, market analysis, and strategic sourcing practices.
Familiarity with supplier performance metrics, contract management, and cost-reduction initiatives.
Advanced Excel skills and experience preparing procurement dashboards and reports.
Key Competencies
Strategic and operational procurement
Supplier relationship management
RFQ and purchase order management
Commercial negotiation and cost optimization
ERP data management and accuracy
Supplier performance and delivery management
Analytical thinking and problem-solving
Cross-functional collaboration
Planning, organization, and time management
Key Performance Indicators (KPIs)
Procurement cost savings and cost avoidance
Supplier on-time delivery performance
Purchase order processing accuracy and turnaround time
Supplier quality and performance ratings
Compliance with procurement policies and procedures
Sr. Purchase Executive Summary We are seeking an experienced professional to lead our procurement operations within the IT Services sector. In this pivotal role, the incumbent will oversee the end-to-end purchasing lifecycle, ensuring cost-effective sourcing strategies while maintaining robust vendor relationships. The ...
... Collecting quotations, comparing the quotes, negotiations done to finalize the rates. During this process, travel within Bangalore whenever is required. Raise purchase order in Tally by coordinating with the program / Finance spec and get it approved from the Procurement Head / Unit Head / CEO or CFO. Issue purchase orders ...
Supervisor - Purchase (Procurement) Department Role : The role is responsible for overseeing purchase department, establishing buyer goals based on corporate inventory needs and sales projections for the coming year and setting career objectives for each member of purchasing team. Key responsibility : 1. According to the ...
... to, a leading company engaged in manufacturing and exporting a wide range of the premium quality of Adhesives & Chemicals. *URGENT HIRING* *Position:* Asst. Purchase Manager / Sr. Purchase Executive *Location:* Mahim West, Mumbai *Qualification:* B.E./B.Tech Chemical / B.Sc. Chemistry *Experience:* Min 8 Years *Salary:* ...
... timelines, pricing, and organizational requirements. 12. Implement internal procurement strategies to ensure timely delivery and shorter lead times. 13. Analyze purchase requirements and identify procurement needs. 14. Develop alternate vendors to reduce procurement costs. 15. Coordinate with the production team to identify ...
Actively hiring Purchase Executive Start Date Starts Immediately CTC (ANNUAL) ₹ 2,76,000 - 3,00,000 ₹ 2,76,000 - 3,00,000 /year Experience No experience required No experience required Apply By 7 Nov' 26 Posted 7 days ago Fresher Job 53 applicants About the job Key Responsibilities: 1. Identify new suppliers based on requirements ...
... suppliers to find alternate material to meet criticality and increase demand. System development Effective linkage of MRP with overall planning system to improve procurement function efficiency Stock Out / Criticality management system Major Unit Price Tracking Report for all major items Ensure usage of Saint Gobain purchasing ...
... Discover the life that awaits you at Accor, visit Do what you love, care for the world, dare to challenge the status quo! #BELIMITLESS" Job Description - Process purchase requisitions and obtain competitive quotations. - Negotiate prices, payment terms, and delivery schedules with suppliers. - Prepare and issue purchase orders ...