Location

Bengaluru, India

Salary

$6500 - $7000 /month

Job Type

Full-time

Date Posted

November 5th, 2024

View All Jobs

Procurement Transformation Analyst at Compunet Connections

Location

Bengaluru, India

Salary

$6500 - $7000 /month

Job Type

Full-time

Date Posted

November 5th, 2024

View All Jobs

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Core Responsibility
  • Develop a centralized repository for procurement-related policies, processes, and workflows
  • Evaluate procurement process effectiveness in achieving cost efficiencies, reducing risk, and improving supplier performance
  • Collaborate with stakeholders to identify bottlenecks and areas for process improvement
  • Identify opportunities to enhance supplier management and negotiation practices
  • Ensure compliance with procurement policies, processes and regulations
  • Align procurement activities with the company's broader operational and financial goals
  • Introduce best practices and automation solutions to streamline procurement operations and enhance procurement system capabilities
  • Analyze procurement data to identify trends and insights that support decision-making and performance tracking
  • Provide strategic guidance in selecting and managing vendors
  • Ensure timely updates to procurement policies, ensuring alignment with the organization’s strategic direction
Transformation Objectives
  • Elevate procurement to a strategic partner supporting business growth.
  • Develop a robust governance structure to ensure compliance and reduce procurement risk.
  • Enhance supplier management practices to drive competitive advantage.
  • Deploy advanced analytics and reporting tools to monitor procurement performance.
  • Foster strategic sourcing capabilities to identify cost-saving opportunities.
  • Integrate digital procurement solutions to automate and optimize sourcing, contract management, and supplier evaluation processes.
  • Improve collaboration between procurement, finance, and business units to drive aligned objectives.
  • Establish strong supplier partnerships to foster innovation and improve overall performance.
  • Ensure that procurement strategies support broader organizational goals.
  • Measure and track the impact of procurement initiatives on the business, reporting outcomes to key stakeholders.
Role Requirement
  • Support the Procurement Transformation Lead in managing the design and execution of the transformation program
  • Conduct deep dives into procurement processes to identify inefficiencies and opportunities for improvement
  • Collaborate with procurement teams and other departments to execute key transformation initiatives
  • Provide strategic input into technology implementations that enable procurement digitization and automation
  • Create and manage a roadmap for successful implementation of procurement initiatives
  • Develop communications and training plans to ensure organizational adoption of new processes and systems

As a Procurement Transformation Analyst, you will play a key role in driving the transformation of procurement practices within the organization. Your primary responsibility will be to assess current procurement processes, identify areas for improvement, and develop a comprehensive framework for optimized procurement operations. Additionally, you will work closely with cross-functional teams to implement change initiatives, ensuring alignment with the organization’s strategic goals.

The aim of the Procurement Transformation Program is to move the procurement function from a traditional transactional model to a more strategic, value-driven approach. You will be part of a cross-functional team focusing on key initiatives:

  1. Supplier Relationship Management
  2. Operational Efficiency and Risk Management
  3. Strategic Sourcing
  4. Technology Enablement

 

KNOWLEDGE & EXPERIENCE 

KNOWLEDGE

Qualifications

  • Bachelor’s degree in Supply Chain Management, Business Administration, or a related field

Professional / Technical Certifications

  • Strong understanding of procurement technology solutions (e.g., ERP systems, e-sourcing platforms)
  • Strong analytical skills and data-driven decision-making

Language Skills

  • Excellent communication and collaboration abilities

EXPERIENCE

Years of Experience

  • Proven experience (approximately 5+ years) in procurement processes, analysis, and improvement

Nature of 

Experience

  • Experience in driving change and transformation initiatives
  • Project management experience 

 

 

 

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