Procurement Analyst

Recodesolutions; Chennai District; On-site; INR 600,000 - 900,000; Full time

Job summary

Recodesolutions in Chennai, India, is seeking a Procurement Analyst to drive end-to-end procurement activities, manage requisitions, RFQs/RFPs, quotations, and purchase orders, and track orders across functions.

You will analyze vendor spend, prepare reports, monitor KPIs, and collaborate with stakeholders to optimize costs, negotiate favorable terms, and ensure data accuracy in procurement systems.

Qualifications

• 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.

Responsibilities

• 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.
• 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.
• 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.

Skills

Analytical skills

Procurement processes

MS Excel

ERP systems

Attention to detail

Communication

Stakeholder management

Multi-team collaboration

Negotiation

Data-driven insights

Tools

SAP

Oracle

Coupa

Ariba

Job description

• 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.
  
• 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.