Procurement Analyst
- Lokalify
- 0 - 4 years
- Vadodara
- 17 days ago
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Job Description
Job Title: Procurement Analyst
Job Location: Gujarat (Vadodara)
Roles and Responsibilities Procurement
Procurement professionals manage the sourcing, purchasing, and contract negotiation processes to ensure timely and cost-effective acquisition of goods and services.
1. Sourcing & Vendor Management
- Identify and evaluate suppliers/vendors.
- Develop and maintain strategic relationships with key suppliers.
- Conduct supplier audits and performance reviews.
2. Purchase Order & Contract Management
- Raise and process purchase orders (POs).
- Draft, negotiate, and manage procurement contracts.
- Ensure compliance with legal, financial, and operational standards.
3. Cost & Spend Management
- Analyze spending patterns and implement cost-reduction strategies.
- Negotiate pricing, terms, and service levels to obtain the best value.
- Budget planning and adherence.
4. Inventory & Supply Chain Coordination
- Collaborate with warehouse, logistics, and inventory teams.
- Maintain optimal stock levels to avoid overstocking or stockouts.
- Monitor delivery timelines and ensure timely supply.
5. Risk & Compliance Monitoring
- Ensure vendor compliance with quality and safety standards.
- Mitigate procurement-related risks (e.g., supply disruptions, price volatility).
- Follow internal controls and procurement policies.
6. Procurement Reporting & Analysis
- Maintain procurement records and prepare reports on KPIs (cost savings, supplier performance, etc.).
- Use analytics tools to support decision-making.
Job Classification
Industry: IT Services & ConsultingFunctional Area / Department: Procurement & Supply ChainRole Category: Procurement & PurchaseRole: Procurement AnalystEmployement Type: Full timeContact Details:
Company: LokalifyLocation(s): Vadodara
Keyskills: Order Management Procurement Analytics Contract Management Purchase Order Vendor Management Sourcing / Procurement Risk & Compliance Monitoring Procurement Reporting & Analysis Supply Chain Cost & Spend Management Inventory
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TO THE NEW is a digital technology services company that provides product engineering, Cloud and FinOps services to enterprises, SaaS, and consumer tech companies.We are recognised by global analyst firms like Gartner, Forrester, Everest, ISG, and Zinnov for its capabilities in Digital Engineering, ...
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