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Management Trainee - Sourcing and Procurement

5-6 years

₹ 5 - 6.92L/yr (AmbitionBox estimate)

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This is an estimate of the average salary range for this position. It has not been reviewed by the company, and the actual salary may differ.

Hyderabad / Secunderabad

1 vacancy

Management Trainee - Sourcing and Procurement

Genpact

posted 16d ago

Job Description

As the transformation happen here, come and be a part of it
Inviting applications for the role of MT, Source to Pay
The Ops Sourcing Buyer will assist in the execution of Sourcing projects to enable the delivery of defined country annual savings targets.

These projects will deliver advantage for the Client business through cost savings, lifecycle value generation, demand management, innovation and reducing risk within the supply chain.


The projects will be delivered globally or locally in accordance with the Category Strategy and will demonstrate the full range of supply and demand-side levers.

Sourcing knowledge will be applied in the execution of these plans across all category areas, whilst ensuring the risks associated with the purchase of goods and services are mitigated commercially, contractually and operationally.


The Ops Sourcing Buyer will assist in the execution of eSourcing and for delivering incremental value to the business through E-Auctions where needed.


The role will likely work across a variety of categories so will need to demonstrate a broad range of Indirect category knowledge and be able to work dynamically and flexibly with a broad range of SMEs across the Client business.


The role holder will work with a variety of business partners within the Client retained organisation, spanning business operations, procurement and supply chain managers, this will require proactive engagement by the role holder to understand business requirements and ensure a definitive sourcing strategy is quickly established and delivered to within the agreed contractual SLAs and critical metrics.


Lastly, the role holder will be required to demonstrate professional and concise written and verbal communications in the required Country Language (English) and have the ability to build effective working relationships with a range of partners across the Client organisation.


Responsibilities
Sourcing of the Indirect Spend categories with spend range up to $5m
Drafting and Negotiating contracts; D-zrive the preparation of proposal documents, statement of works (SOWs), quotations and bids with pertinent specifications, terms and conditions committed
Use appropriate pre-approved legal templates to produce NDAs (Non-Disclosure Agreements), Call Off agreements and contract amendments/renewals
Develops, review, negotiate and executes complex business agreements and contracts as needed
Supplier evaluation, selection and set-up of ongoing performance management; Rate and lead performance of suppliers, ensure supplier performance of all contracts
To liaise with the partners to understand their requirements and close them in the given time frame
Perform spend & market analysis in order to identify the best available market price for the ongoing project/service
Responsible for savings targets, timely deliveries, and Customer Happiness within the contractual SLAs/critical metrics
Participate periodically to reviews with Global Category managers and Regional Heads of Procurement and their sourcing managers, to ensure strategies are aligned and pipeline activity is proceeding
Carry out all reporting requirements accurately and within the specified time scales as needed
Expertly apply appropriate procurement approach in negotiations; Independently prepare and lead negotiations to conclusion
Develop and drive effective relationships with suppliers, Coordinate, review and respond to supplier inquiries, protests and appeals
Agree sourcing plans and set expectations for effective value delivery
Help the customer understand and engage with the Organisation s procurement processes
Qualifications we seek in you
Procurement experience demonstrating a consistent track record of delivery of successful sourcing projects
Oral and written proficiency in English (additional languages are preferred)
Degree or equivalent professional qualification within Business Management, Procurement and/or Supply Chain management
Support multiple end-to-end sourcing projects in parallel; focusing on data accuracy and quality of output to Clients/Partners
Proven track record of supporting multiple sourcing activities, demonstrating an ability to lead parallel projects and being able to prioritise critical activity where needed
Builds and maintains effective partner and supplier relationships to assure successful business performance
Sound understanding and execution of effective negotiation strategy
Resolves quality problems with suppliers and partners quickly and efficiently, takes direction where needed
Reviews commercial contracts to ensure they protect Client against risk and deliver advantage to the business; puts forward suggestions for operational improvement (as appropriate)
Exposure to ERP and other procurement systems (Oracle Fusion / Archer / Emptoris and any other S&P tool)
Preferred qualifications
Category experience of buying; IT (Software, Hardware, Networks & Infrastructure, Data Centre) Telco, Marketing, HR Services, Professional Services, Travel, CRE, Facilities Management and Banking Operations
Supplier Management experience
Personal efficiency; Ambitious and self motivated
Ability to utilize influencing techniques
Proven ability to lead multiple projects/tasks effectively
Ability to lead change effectively; uses straightforward and constructive arguments to gain agreement from others
Analytical and financial skills
Demonstrated success working in a team environment
Exercises sound judgement on day to day business problems and provides recommendations for solving course correction
Ability to act on own initiative
Communicates clearly and with an inclusive style
Collaborative and cross cultural
Proficiency in Microsoft Office suite applications
Exposure to reviewing and understanding Dun & Bradstreet reports, Credit Scoring methods


Employment Type: Full Time, Permanent

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What people at Genpact are saying

3.7
 Rating based on 2.3k Management Trainee reviews

Likes

Nothing. It was the biggest mistake of my life that I joined genpact.

    Dislikes

    Work culture, toxicity, no work life balance and no professionalism, not safe for girls, male employees harrase female employees and when female employees go and complaint about it, management blames it on them instead of investigating it.

    • Salary - Poor
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    Read 2.3k Management Trainee reviews

    Management Trainee salary at Genpact

    reported by 19.2k employees
    ₹1.6 L/yr - ₹8.5 L/yr
    16% less than the average Management Trainee Salary in India
    View more details

    What Genpact employees are saying about work life

    based on 30.4k employees
    61%
    84%
    69%
    58%
    Flexible timing
    Monday to Friday
    No travel
    Day Shift
    View more insights

    Genpact Benefits

    Work From Home
    Job Training
    Soft Skill Training
    Cafeteria
    Health Insurance
    Team Outings +6 more
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