# Procurement Specialist

**Company**: Groww
**Location**: Bengaluru-VTP
**Experience**: mid
**Job type**: full-time
**Category**: Finance
**Industry**: Finance

**Apply**: https://job-boards.greenhouse.io/groww/jobs/4980317101?utm_source=yubhub.co&utm_medium=jobs_feed&utm_campaign=apply
**Canonical**: https://yubhub.co/jobs/job_02bacbfe-3b5

## Description

We are seeking an experienced Procurement Specialist to join our team at Groww. As a Procurement Specialist, you will be responsible for handling the procurement process, sourcing suppliers, and managing vendor relationships to ensure a seamless supply chain and optimize costs.

Key Responsibilities:

- Develop and implement procurement strategies and policies for cost optimization and supply chain efficiency

- Identify, evaluate, and select suppliers based on quality, cost-effectiveness, and ethical standards

- Negotiate contracts and terms with suppliers to ensure favorable pricing and mutually beneficial agreements

- Manage supplier relationships, including performance evaluation, issue resolution, and long-term partnership building

- Conduct market research and analysis to stay updated on industry trends and pricing fluctuations

- Monitor inventory levels, analyze demand patterns, and implement inventory management strategies

- Collaborate with internal stakeholders to understand requirements and align procurement with organizational goals

- Implement procurement systems and tools to streamline processes and enhance efficiency

- Analyze and present procurement reports, performance metrics, and cost-saving opportunities to management

- Ensure compliance with regulatory requirements and promote ethical and sustainable sourcing practices

- Develop procurement metrics to track performance and identify areas for improvement

- Manage Admin, HR, IT, and Marketing spends

Preferred skills and qualifications:

- Bachelor's degree in supply chain management, business administration, engineering, or a related field

- 2+ years of experience in procurement/purchasing in a fast-paced, competitive environment in the Indian market

- In-depth knowledge of procurement principles, strategies, and best practices

- Strong skills in budgeting, cost optimization, and negotiation techniques

- Knowledge of vendor management and inventory management systems

- Analytical mind with excellent communication and interpersonal skills

- Ability to work collaboratively with cross-functional teams

- Proficiency in using procurement software and systems

- Knowledge of local and national laws and regulations related to procurement

## Skills

### Required
- procurement
- supply chain management
- vendor management
- inventory management
- budgeting
- cost optimization
- negotiation

### Nice to have
- procurement software
- systems
- analytical skills
- communication skills
- interpersonal skills

---

Source: [Apply at job-boards.greenhouse.io](https://job-boards.greenhouse.io/groww/jobs/4980317101?utm_source=yubhub.co&utm_medium=jobs_feed&utm_campaign=apply)