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Procurement Analyst

Recode Solutions
Posted 13 days ago, valid for 13 days
Location

Thiruporur, TN

Salary

Competitive

Contract type

Full Time

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Sonic Summary

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  • The Procurement Operations role involves supporting end-to-end procurement activities, including managing purchase requisitions and vendor interactions.
  • Candidates should have at least 3 years of experience in procurement or related fields, with strong analytical skills and proficiency in MS Excel.
  • The position includes responsibilities for spend analysis, vendor management, and commercial negotiations to optimize procurement processes.
  • A competitive salary is offered, reflecting the candidate's experience and expertise in procurement and data analysis.
  • The ideal candidate will have experience with procurement systems such as SAP or Oracle and demonstrate strong communication and stakeholder management abilities.

Procurement Operations

  • Support end-to-end procurement activities, including purchase requisitions, RFQs/RFPs, quotation analysis, purchase orders, and order tracking.
  • Coordinate with internal stakeholders to understand business requirements and ensure timely fulfillment.
  • Evaluate quotations and prepare comparative statements to support purchasing decisions.
  • Monitor purchase orders, deliveries, invoices, and outstanding commitments.

Spend & Data Analysis

  • Analyze procurement and vendor spend to identify cost-saving and optimization opportunities.
  • Prepare regular reports and dashboards covering spend, savings, purchase orders, vendor performance, and procurement KPIs.
  • Maintain accurate procurement data and ensure timely updates to procurement systems.
  • Identify spending trends, anomalies, and opportunities for consolidation or standardization.

Vendor Management

  • Support vendor onboarding, documentation, evaluation, and periodic performance reviews.
  • Maintain vendor master data, contracts, pricing information, and commercial terms.
  • Coordinate with vendors on pricing, delivery schedules, payment terms, and other commercial requirements.
  • Track vendor performance against agreed SLAs, quality, cost, and delivery expectations.

Commercial & Cost Management

  • Assist in negotiations with vendors to achieve competitive pricing and favorable commercial terms.
  • Conduct price benchmarking and market analysis.
  • Support contract renewals and identify opportunities for renegotiation or consolidation.
  • Track procurement savings and validate realized benefits with relevant stakeholders.


Requirements

  • Strong analytical and problem-solving skills.
  • Good understanding of procurement and purchasing processes.
  • Excellent MS Excel skills, including Pivot Tables, XLOOKUP/VLOOKUP, data analysis, and reporting.
  • Experience with procurement/ERP systems such as SAP, Oracle, Coupa, Ariba, or similar tools is desirable.
  • Strong attention to detail and data accuracy.
  • Good communication and stakeholder-management skills.
  • Ability to work with multiple teams and manage competing priorities.
  • Strong commercial awareness and negotiation skills.
  • Ability to convert procurement data into meaningful business insights.







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