Procurement Analyst

Posted 17 Days Ago
Be an Early Applicant
Chennai, Tamil Nadu, IND
In-Office
Entry level
Artificial Intelligence • Information Technology • Consulting • Automation
The Role
Support end-to-end procurement, including requisitions, RFQs, quotations, purchase orders, delivery tracking, and vendor coordination. Analyze spend, savings, procurement KPIs, and vendor performance using reports and dashboards. Maintain procurement and vendor data, support onboarding and contract renewals, conduct benchmarking, and assist with negotiations and cost optimization.
Summary Generated by Built In

Procurement Operations

  • Support end-to-end procurement activities, including purchase requisitions, RFQs/RFPs, quotation analysis, purchase orders, and order tracking.
  • Coordinate with internal stakeholders to understand business requirements and ensure timely fulfillment.
  • Evaluate quotations and prepare comparative statements to support purchasing decisions.
  • Monitor purchase orders, deliveries, invoices, and outstanding commitments.

Spend & Data Analysis

  • Analyze procurement and vendor spend to identify cost-saving and optimization opportunities.
  • Prepare regular reports and dashboards covering spend, savings, purchase orders, vendor performance, and procurement KPIs.
  • Maintain accurate procurement data and ensure timely updates to procurement systems.
  • Identify spending trends, anomalies, and opportunities for consolidation or standardization.

Vendor Management

  • Support vendor onboarding, documentation, evaluation, and periodic performance reviews.
  • Maintain vendor master data, contracts, pricing information, and commercial terms.
  • Coordinate with vendors on pricing, delivery schedules, payment terms, and other commercial requirements.
  • Track vendor performance against agreed SLAs, quality, cost, and delivery expectations.

Commercial & Cost Management

  • Assist in negotiations with vendors to achieve competitive pricing and favorable commercial terms.
  • Conduct price benchmarking and market analysis.
  • Support contract renewals and identify opportunities for renegotiation or consolidation.
  • Track procurement savings and validate realized benefits with relevant stakeholders.


Requirements
  • Strong analytical and problem-solving skills.
  • Good understanding of procurement and purchasing processes.
  • Excellent MS Excel skills, including Pivot Tables, XLOOKUP/VLOOKUP, data analysis, and reporting.
  • Experience with procurement/ERP systems such as SAP, Oracle, Coupa, Ariba, or similar tools is desirable.
  • Strong attention to detail and data accuracy.
  • Good communication and stakeholder-management skills.
  • Ability to work with multiple teams and manage competing priorities.
  • Strong commercial awareness and negotiation skills.
  • Ability to convert procurement data into meaningful business insights.



Skills Required

  • Strong analytical and problem-solving skills
  • Good understanding of procurement and purchasing processes
  • Excellent Microsoft Excel skills, including Pivot Tables, XLOOKUP or VLOOKUP, data analysis, and reporting
  • Experience with procurement or ERP systems such as SAP, Oracle, Coupa, Ariba, or similar tools
  • Strong attention to detail and data accuracy
  • Good communication and stakeholder-management skills
  • Ability to work with multiple teams and manage competing priorities
  • Strong commercial awareness and negotiation skills
  • Ability to convert procurement data into meaningful business insights
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The Company
189 Employees
Year Founded: 2018

What We Do

Recode Solutions is a technology solutions provider helping enterprise businesses accelerate digital transformation. It delivers technology consulting and Agentic AI-enabled digital workers for enterprise process transformation, including data and analytics, robotic process automation, integration, software development and operations, quality assurance, digital commerce, and computer-vision-based industrial automation. Its solutions combine custom programming with selected enterprise platforms to optimize operations and improve intelligent, scalable processing.

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