Procurement Analyst at Recode Solutions in Chennai, Tamil Nadu, 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.