Procurement Executive

Innovecture; Mumbai; On-site; INR 600,000 - 850,000; Full time

Benefits offered by this job

Healthcare insurance

Other benefits

Job summary

Innovecture in Powai, Mumbai, India is seeking a results-driven Procurement Executive to support end-to-end procurement processes. You will manage requisitions, POs, and contracts while ensuring compliance and accurate documentation across multiple vendor relationships.

You will collaborate with internal teams and external suppliers, maintaining data in ERP and CLM platforms, driving process improvements, and delivering timely procurement reporting.

Qualifications

• Bachelor's degree in Business Administration, Supply Chain, Commerce, Finance or related field.
• 3–7 years of experience in procurement operations, purchasing, or procurement administration.
• Experience with ERP/CLM/Workday systems (D365, CLM, Workday) is preferred.
• Experience in a multinational or shared services environment is desirable.

Responsibilities

• Create and process purchase requisitions and purchase orders (POs).
• Update and manage contracts, NDA, and Scope of work documents in Contract Life Cycle Management tools.
• Track purchase orders from creation through delivery and closure.
• Maintain procurement documentation, supplier records, contracts, and approval workflows.
• Ensure procurement transactions comply with company policies.
• Coordinate with internal stakeholders to obtain required approvals and supporting documentation.
• Maintain supplier databases and vendor master records.
• Support supplier onboarding, due diligence, and documentation collection.
• Liaise with vendors regarding order status, delivery schedules, invoices, and documentation.
• Monitor supplier performance records and update procurement systems.

Skills

Procurement process

ERP systems

Excel skills

Data reporting

Documentation

Attention to detail

Organization

Time management

Stakeholder mgmt

Problem solving

Compliance

Education

Bachelor's degree in Business Administration / Supply Chain / Commerce / Finance

CIPS / CPSM / CPP or equivalent (advantage)

Tools

D365 ERP

CLM systems

Workday

Job description

At Innovecture, we are a people-first company. Our success is built on hiring the best talent across the world and nurturing an environment of collaboration, commitment, honesty, and curiosity. We offer a challenging and rewarding journey, while providing our employees with all they need to be successful and happy.

Though we may operate in several countries, we are one team, one family, one INTeam. Come join us and see what it’s like to grow with a diverse team.

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Research, create new concepts, prototypes, patents, and help accelerate the growth of Innovecture’s digital future.

IMPACTFUL PROJECTS & PRODUCTS

Be part of an exciting and talented team while working on interesting software/engineering projects and products for leading global customers.

LEARNING & DEVELOPMENT

Innovecture is always looking for growth mindsets in talented people. We have continuous learning baked into our DNA.

GROWTH CULTURE

We hire for attitude and train for skill. We promote a strong culture of team collaboration, transparency, open communication and career growth.

PERKS & BENEFITS

We’ve got you covered! All employees have access to excellent healthcare insurance & other benefits.

SOCIAL COMMITMENT

We believe in serving others through our corporate social responsibility initiatives and giving our best efforts to build communities wherever we are around the world.

DIVERSITY & INCLUSION

Our core strength lies in global teams of talent that champions our diversity, inclusion and knowledge potential.

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Position: Procurement Executive

Location: Powai, Mumbai, India

Job Id:1480

# of Openings:1

We at Innovecture are hiring for a "Procurement Executive" to expand our team, this position will be in Powai, Mumbai, India. You will work across various Innovecture and client teams and apply your technical expertise to some of the most complex and challenging technology problems.

Founded in 2007 under the leadership of CEO Shreyas Kamat, Innovecture LLC, began as a U.S.-based Information Technology and Management Consulting Company focusing on technology consulting and services. With international development centers located in Salt Lake City, USA, and Pune, India, Innovecture leverages its Global Agile Delivery Model to effectively deliver client projects within budget scope and project deadline. The primary focus of Innovecture is to provide a unique wealth of expertise and experience to the IT and Management Consulting realm by utilizing various technologies across multiple industry domains. Innovecture uses best-in-class design processes and top-quality talent to ensure the highest quality deliverables. With innovation embedded in its consulting and services approach, Innovecture will continue to deliver outstanding results for its Fortune 500 clients and employees.

Job Description

Job Description: Procurement Executive

The Procurement Executive provides administrative, operational, and analytical support to the procurement function. The role ensures efficient processing of purchase requests, supplier documentation, purchase orders, contract records, and procurement reporting while maintaining compliance with company policies and procedures.

The position plays a critical role in enabling procurement operations by improving process efficiency, maintaining procurement data accuracy, supporting vendor management activities, and ensuring timely completion of procurement transactions.

Key Responsibilities

Procurement Administration

• Create and process purchase requisitions and purchase orders (POs).
• Update and manage contracts , NDA, Scope of work documents in Contract Life Cycle Management tool.
• Track purchase orders from creation through delivery and closure.
• Maintain procurement documentation, supplier records, contracts, and approval workflows.
• Ensure procurement transactions comply with company procurement policies.
• Coordinate with internal stakeholders to obtain required approvals and supporting documentation.
• Maintain supplier databases and vendor master records.
• Support supplier onboarding, due diligence, and documentation collection.
• Liaise with vendors regarding order status, delivery schedules, invoices, and documentation.
• Monitor supplier performance records and update procurement systems.

Data Management & Reporting

• Maintain accurate procurement data within D365 Finance and Operations and other procurement systems.
• Generate periodic reports on spend, savings, supplier performance, contract renewals, and procurement KPIs.
• Analyze procurement data to identify trends and opportunities for process improvements.
• Support audits by providing procurement records and documentation.
• Perform purchase order and invoice matching.
• Resolve discrepancies between purchase orders, receipts, and invoices.
• Coordinate with Finance and Accounts Payable teams to facilitate timely vendor payments.
• Track open purchase orders and outstanding invoices.

Contract & Compliance Support

• Maintain a repository of supplier agreements and contracts.
• Monitor contract renewal dates and compliance requirements.
• Ensure procurement records are audit-ready and compliant with internal controls.
• Support governance, risk, and compliance activities related to procurement operations.

Stakeholder Coordination

• Work closely with internal departments to understand procurement requirements.
• Provide status updates on procurement requests and vendor engagements.
• Assist procurement managers with sourcing initiatives and special projects.
• Support continuous improvement initiatives across procurement processes.

Qualifications

Education

• Bachelor's degree in Business Administration, Supply Chain Management, Commerce, Finance, or a related field.
• Professional procurement certification (CIPS, CPSM, CPP, or equivalent) is an advantage.

Experience

• 3 - 7 years of experience in procurement operations, purchasing, supply chain support, or procurement administration.
• Experience working with ERP system of D365, CLM systems, HR systems Workday, or similar platforms is preferred.
• Experience in a multinational or shared services environment is desirable.

Required Skills

Technical Skills

• Procurement and purchasing process knowledge.
• ERP and procurement system proficiency.
• Advanced Microsoft Excel skills.
• Data analysis and reporting capabilities.
• Document management and records administration.
• Strong attention to detail and accuracy.
• Excellent organizational and time-management skills.
• Ability to manage multiple priorities and deadlines.
• Strong communication and stakeholder management skills.
• Problem-solving and analytical mindset.
• Commitment to compliance and process discipline.

Key Performance Indicators (KPIs)

• Purchase Order processing turnaround time.
• Accuracy of procurement data and records.
• Invoice matching and resolution efficiency.
• Procurement compliance adherence rate.
• Timely completion of procurement reports and analytics.

Success Profile

A successful Procurement Executive is highly organized, process-oriented, and detail-focused. They ensure procurement operations run smoothly, maintain accurate records, support supplier and stakeholder interactions, and provide reliable reporting that enables effective procurement decision-making across the organization.

Innovecture is a vibrant and exciting place to start a career and develop professionally. Since 2007, many graduates have begun their professional journey at Innovecture. They moved up the career ladder to lead the global product / project teams, travelled to onsite locations and held several key positions.