Procurement Executive

Job Title: Procurement Assistant/Executive

Location: Bangalore, Nagarbhavi

Department: Procurement / IT Operations

Reports to: Procurement Manager

Position Overview: We are seeking an experienced and detail-oriented Procurement Assistant/Executive to join our dynamic IT procurement team. The ideal candidate will be responsible for assessing, evaluating, and ensuring the effective procurement of IT-related products and services for the organization. You will work closely with cross-functional teams to conduct assessments that drive operational efficiencies, cost savings, and alignment with strategic IT goals.

Role & responsibilities :

Procurement Evaluation and Assessment:

Conduct assessments of potential IT suppliers and vendors to ensure they meet business needs, technical specifications, and compliance standards.

Evaluate procurement processes and recommend improvements to enhance efficiency, reduce risks, and optimize costs.

Analyze vendor performance, reviewing contract terms and conditions, delivery timelines, and quality standards.

Vendor Management:

Develop and maintain strong relationships with existing vendors while identifying potential new suppliers in the IT sector.

Conduct regular vendor performance assessments and work with vendors to resolve any issues related to product quality or service delivery.

Market Research and Trend Analysis.

Stay updated with the latest trends in IT procurement, market conditions, and technological advancements.

Conduct market analysis to ensure competitive pricing and identify innovative procurement solutions in the IT industry.

Provide insights and reports to the procurement team and IT leadership regarding emerging market trends and vendor capabilities

Risk Management and Compliance:

Ensure procurement activities comply with internal policies, industry standards, and regulatory requirements

Cost Optimization and Contract Management

Collaborate with the IT department to align procurement activities with project requirements, budgets, and timelines

Assess and optimize the cost-effectiveness of existing contracts and propose negotiation strategies to reduce expenditure

Support the negotiation and drafting of contracts, ensuring favorable terms and conditions for the organization

Reporting and Documentation

Prepare and deliver regular procurement performance reports, vendor assessments, and cost-saving initiatives to senior management.

Maintain clear and accurate procurement records, contracts, and supporting documents for future audits and reference.

Preferred candidate profile

Bachelors degree in Business Administration, Supply Chain Management, Information Technology, or a related field.

Minimum of 2-4 years of experience in procurement, preferably in the IT sector or a related technical field.

Strong knowledge of IT products, services, and software procurement, including hardware, software, cloud services, and managed IT services.

Proven track record of conducting vendor assessments and negotiations within the IT procurement landscape.

Excellent analytical, problem-solving, and decision-making skills.

Strong understanding of IT procurement processes, contract law, and compliance regulations. Excellent communication and interpersonal skills, with the ability to collaborate effectively with cross functional teams.

We look forward to receiving your application! To apply,

Please submit your updated resume and a cover letter detailing your relevant experience and qualifications for the position Procurement Executive/Procurement Assistant

Email ID: - hr@cognoid.in

Contact Number: - 9538888607

Please find the below website links:-

www.cognoid.in

www.cognoidsystems.com