Procurement Specialist

About the Role

We seek an experienced, results-driven purchasing manager to join our team at Groww. As a purchase manager, you will be responsible for handling the procurement process, sourcing suppliers and managing vendor relationships to ensure a seamless supply chain and optimise costs. You will also collaborate with cross-functional teams, make strategic decisions and implement best practices within our procurement function.

This is an exciting opportunity to contribute to our company's success and be part of a dynamic team in a competitive market.

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 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 optimisation and negotiation techniques.
• Knowledge of vendor management and inventory management systems.
• An 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.
• Willingness to work in a fast-paced and competitive environment.
• Knowledge of Admin, HR, IT, Marketing Spends.