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Procurement Specialist Job Summary: The Procurement Specialist will play a crucial role in managing the procurement process for our organization. This individual will be responsible for sourcing, negotiating, and purchasing materials, supplies, and services that meet the organization's requirements. The ideal candidate will possess strong analytical skills, attention to detail, and an ability to build relationships with vendors and stakeholders.Key Responsibilities:
- Develop and implement procurement strategies that align with the organization’s goals and objectives.
- Manage the end-to-end procurement process, including sourcing, evaluation, negotiation, and award of contracts to suppliers.
- Conduct market research to identify potential suppliers and evaluate existing ones for performance, cost, and quality.
- Prepare and issue requests for proposals (RFPs), requests for quotations (RFQs), and other procurement documentation.
- Analyze supplier performance and manage relationships to ensure adherence to contracts and service level agreements.
- Collaborate with various departments to identify procurement needs and develop specifications for goods and services.
- Monitor inventory levels and establish reorder points to maintain appropriate stock levels.
- Maintain accurate records of purchases, pricing, and other procurement data.
- Ensure compliance with organizational policies, procedures, and relevant regulations in the procurement process.
- Assist in budget development and management related to procurement activities.
- Participate in training and development of staff on procurement policies and procedures.
- Bachelor’s degree in business, Supply Chain Management, or a related field.
- 3+ years of experience in procurement, purchasing, or supply chain management.
- Strong negotiation, communication, and interpersonal skills.
- Proficiency in procurement software and Microsoft Office Suite (Excel, Word, PowerPoint).
- Knowledge of supply chain management principles and practices.
- Excellent analytical and problem-solving abilities.
- Ability to work independently and collaboratively in a fast-paced environment.
- Familiarity with contract management and vendor relationship management.
What you need to know about the Chennai Tech Scene
To locals, it's no secret that South India is leading the charge in big data infrastructure. While the environmental impact of data centers has long been a concern, emerging hubs like Chennai are favored by companies seeking ready access to renewable energy resources, which provide more sustainable and cost-effective solutions. As a result, Chennai, along with neighboring Bengaluru and Hyderabad, is poised for significant growth, with a projected 65 percent increase in data center capacity over the next decade.
