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