Senior Executive- Procurement

Mumbai, Maharashtra
Permanent
Full-time

16 days ago

Company DescriptionNEC Software Solutions (India)On 1st July 2021, Rave Technologies became NEC Software Solutions India. This change brought us under the global NEC Corporation brand. We are proud to be part of an organisation with 122 years of experience in evolution with technology and innovation.We have more than 30 years of experience in providing end to end IT services across the globe and have earned a reputation for delighting our customers by consistently surpassing expectations and helping them deliver robust, market-ready software products that meet the highest standards of engineering and user experience. Supported by more than 1300 exceptionally talented manpower, we are a hub for offshore support and technology services.We work with diverse industry verticals which include publishing, media, financial services, retail, healthcare and technology companies around the world. Our customers range from two-person startups to $bn listed companies.For more information, visit at .About NEC CorporationNEC Corporation is a Japanese multinational information technology and electronics company, headquartered in Tokyo, Japan. It is recognised as a 'Top 50 Innovative Company' globally and the NEC Group globally provides “Solutions for Society” that promote the safety, security, fairness and equality of society. Their main goal is to help create a safer society with their innovations in technologies.NEC Corporation has established itself as a leader in the integration of IT and network technologies while promoting the brand statement of “Orchestrating a brighter world.” NEC enables businesses and communities to adapt to rapid changes taking place in both society and the market as it provides for the social values of safety, security, fairness and efficiency to promote a more sustainable world where everyone has the chance to reach their full potential.For more information, visit NEC atJob DescriptionA candidate who has strong global IT procurement/sourcing experience and has good knowledge of SAP MM. He/She will be working as Senior Executive, Must be fluent in English- writing and oral skillsWe are seeking a highly skilled and motivated Procurement Executive to join our team. As a Sr. Procurement Executive, you will be responsible for managing the procurement of products and services, researching and identifying cost-effective solutions, and driving bottom-line savings. You will play a key role in optimizing our procurement processes, leveraging your knowledge of the IT industry and technological advancements to bring innovative ideas and drive continuous improvement. Additionally, you will be responsible for ensuring timely and quality completion of your work. Apart from IT, you will also be responsible for other categories like office supplies, recruitment, marketing, etcResponsibilities: * Procurement Operations:

Collaborate with stakeholders to understand their requirements and provide strategic guidance on procurement decisions.
Work on RFQs submitted by the business, and upcoming renewal contracts.
Conduct market research and analysis to identify emerging trends, technological advancements, and cost-effective alternatives for procurement.
Develop and maintain relationships with stakeholders and suppliers to ensure the availability of high-quality products and services at competitive prices.
Cost Optimization and Savings:

Identify opportunities for cost savings and negotiate favorable terms and pricing with vendors.
Evaluate existing contracts and agreements to identify areas for optimization and renegotiation.
Research and recommend alternative solutions and products that are more cost-effective while meeting quality and performance requirements.
Develop and implement initiatives to reduce maverick spend and drive overall procurement savings.
Team Work and Collaboration:

Foster a collaborative and results-oriented work environment, promoting effective communication and teamwork.
Ensure timely and accurate completion of procurement activities, including RFQs, RFPs, and contract negotiations.
Collaborate with cross-functional teams, including IT, finance, and legal, to streamline processes and drive efficiency.
Compliance and Risk Management:

Ensure compliance with company policies, procedures, and regulatory requirements during the procurement process.
Identify and mitigate procurement-related risks and implement appropriate controls.
Stay updated on industry regulations and best practices related to IT procurement.

Qualifications:

Master's/Bachelor's degree in Business Administration, Supply Chain Management, Engineering or a related field.
4-5 years of experience in procurement is preferable.
Knowledge of the IT industry, hardware and software including the latest technological developments, emerging trends, and market dynamics would be an advantage.
Ability to work independently, prioritize tasks, and meet deadlines in a fast-paced environment.

QualificationsTechnologiesSAP MM- DesirableMicrosoft ExcelMicrosoft Word/PPTMBA in Supply chain/operations or Bachelor's Degree in IT / B.E / B.TechExperience (years):4 to 5 yearsAdditional InformationLocation: MumbaiWorking Hours: 1pm to 9.30pm IST

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