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Procurement Specialist

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MiQ

Sep 14

  • Job
    Full-time
    Senior Level
  • Logistics
  • Quick Apply

AI generated summary

  • You need 5+ years in procurement, strong analytical skills, vendor compliance knowledge, negotiation experience, contract drafting ability, and proficiency in ERP systems.
  • You will compare prices, negotiate with vendors, ensure timely delivery, process orders, evaluate vendor performance, maintain accurate records, and manage stakeholder procurement needs efficiently.

Requirements

  • Minimum 5+ years of experience in Procurement and vendor admin area in a large or mid-sized company and in sourcing across specific categories
  • Ability to develop solutions to procurement problems and provide high quality and/or creative solutions
  • Proven capability of delivering deals – from mid to higher levels of complexity and which may be global in nature, including all aspects of the procurement process
  • Must understand Vendor compliance and due diligence requirement and should have worked for vendor master creation for international vendors
  • Strong analytical, problem-solving reporting, and presentation skills
  • Hands on approach for deal execution, manage deals end to end on their own with minimal oversight on less complex deals
  • Experienced in negotiations and excellent verbal and written communication skills
  • Experience in understanding contracts and ability in contract drafting, with limited requirement for specialist legal support
  • Ability to manage multiple priorities, very often to tight deadlines, and deliver results
  • Highly organized and results driven and ability to work effectively in cross - functional business teams
  • Strong interpersonal and influencing skills; Excellent Stakeholder engagement
  • Demonstrated strengths in relationship building and conflict management
  • Demonstrated ability to meet goals and deadlines
  • Good process and project management skills
  • Self – starter, strong motivator, professional team player, motivated and highly flexible to work global hours
  • Qualification: Any Graduate - Any Specialization
  • Experience with any of the standard ERPs used for Procurement like - Workday, Oracle, Ariba, etc.

Responsibilities

  • Compares prices amongst various vendors in order to make sound purchasing decisions.
  • Works within a given budget to purchase goods and services for MiQ.
  • Negotiates with vendors on price, payment, quality, mode of delivery/shipping, delivery time, T&Cs.
  • Ensures that products/services are delivered in a timely manner, and that the quality of the goods/services received is satisfactory.
  • Checks invoices for accuracy and authorizes the Finance department to issue payment.
  • Evaluates the performance of vendors on a regular basis.
  • Identify cost saving opportunities and drive negotiations with the vendors.
  • Process PRs into POs in accordance with guidelines as per the SLA and deal effectively with any queries raised by stakeholders.
  • Flag the requisitions falling out of budgeted spend to COO and Finance.
  • Expediting the orders as per the urgency of requirement and ensure timely delivery of goods/services by vendors.
  • Updates/ top-up to POs based on requests from the business.
  • Monthly review of all open POs to optimize commitments.
  • Deliver customer service and stakeholder delight for overall process.
  • Review the receipts to ensure accruals are accurate and provide information to Finance for accurate accruals.
  • Review the current Vendor database and check for the existing documents available to consolidate on one repository.
  • Map our requirement on vendors compliance and identify the missing information or documents.
  • Connect with vendors via email and phone to collect or verify the information or relevant documents.
  • Ensure the vendor master is 100% accurate and in line with our requirements.
  • To maintain the documentation of the vendor set ups and the vendor profile updates or amendments for control audits.
  • Update the SOP and audit narratives with the changes if any in the procedures & processes.
  • Attend meetings with the legal department to ensure any contractual obligations are favorable to the company.
  • Onboard and manage the vendors approved by COO and BRB.
  • Maintain bank and address information details. Also maintain the log updated to confirm vendor information every 12 months.
  • Manage stakeholders spend requirements and priorities by managing Procurement activities efficiently.
  • Able to advise stakeholders on Procurement and vendor master procedures/guidelines.

FAQs

What is the location for the Procurement Specialist position?

The location for the Procurement Specialist position is Bengaluru.

What experience is required for the Procurement Specialist role?

A minimum of 5+ years of experience in Procurement and vendor administration in a large or mid-sized company is required.

What are the key responsibilities of a Procurement Specialist at MiQ?

Key responsibilities include managing vendor relationships, negotiating prices and terms, ensuring timely delivery of goods/services, evaluating vendor performance, and processing purchase orders.

Do I need to have experience with specific ERP systems for this role?

Yes, experience with standard ERPs used for Procurement such as Workday, Oracle, or Ariba is preferred.

What qualifications are required for this position?

A qualification of any graduate degree in any specialization is required.

What skills are emphasized for the Procurement Specialist role?

Skills emphasized include strong analytical abilities, problem-solving, excellent negotiation, communication skills, project management, and the ability to work effectively in cross-functional teams.

Will I have to manage multiple priorities in this role?

Yes, the role requires managing multiple priorities often to tight deadlines while delivering results.

What kind of relationship will a Procurement Specialist need to develop?

A Procurement Specialist must develop relationships with internal business teams and global suppliers.

How does MiQ view diversity and inclusion?

MiQ fosters a welcoming culture and is committed to diversity, equity, and inclusion across all teams.

What kind of work environment does MiQ offer?

MiQ offers a hybrid work environment, allowing for both remote work and in-office time.

Are there opportunities for professional development at MiQ?

Yes, MiQ provides internal and global mobility opportunities along with job-specific onboarding and training.

Does MiQ offer any benefits related to healthcare?

Yes, MiQ offers competitive healthcare benefits as part of their compensation package.

What kind of time off policies does MiQ have?

MiQ offers generous annual paid time off (PTO) and paid parental leave, along with two additional paid days for holidays, cultural events, or inclusion initiatives.

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MiQ

We’re MiQ, a programmatic media partner for marketers and agencies.

Marketing & Advertising
Industry
501-1000
Employees
2010
Founded Year

Mission & Purpose

We’re MiQ, a programmatic media partner for marketers and agencies. Our better connected approach to programmatic advertising means we can connect data, discover insights and activate them in high-performance campaigns to deliver real business outcomes for our clients in an increasingly divided world. Making the most of your data is complex. You need to connect all your first party data, enhance it with the right second and third party data, analyse it with data science technology and resources, then use the insights you gather to build creatives with the right messages and target them to the right audiences with expert programmatic trading. We connect the right people, industry partnerships, and technology in a complete programmatic stack so we can solve your precise business challenges by maximising the value of your data.