Procurement Specialist

Varite; Bengaluru; On-site; INR 600,000 - 900,000; Full time

Job summary

VARITE INDIA PRIVATE LIMITED is seeking a Procurement Specialist in Bengaluru, Karnataka. The role focuses on sourcing IT hardware/software, managing RFQs, negotiating terms, and creating PO and procurement contracts.

The candidate should have 4–6 years of procurement experience, strong negotiation and stakeholder management, and the ability to coordinate with suppliers and internal teams. This onsite role offers exposure to global clients.

Qualifications

• Commerce graduate or MBA with 4–6 years of experience in procurement.
• Experience in RFQ management, supplier evaluation and contract handling.
• Strong communication and stakeholder management skills.

Responsibilities

• Lead RFQ processes and compare supplier quotations.
• Negotiate prices and commercial terms.
• Create and manage purchase orders and contracting.
• Conduct supplier evaluations and market research.
• Coordinate with internal stakeholders and suppliers.
• Track procurement savings and ensure compliance.

Skills

Negotiation

Vendor management

Stakeholder management

Communication

Excel

PO creation

Education

Commerce graduate / Post-graduate / MBA

Tools

MS Excel

MS PowerPoint

Job description

Job Title : Procurement Specialist
Location State : Karnataka
Location City : Bangalore

Notice period : Immediate joiners
Experience Required : 4 to 6 Year(s)
Shift: Day Shift
Work Mode: Onsite
Openings: 3

Company Name: VARITE INDIA PRIVATE LIMITED

About The Client

An American multinational computer technology company headquartered in Austin, Texas, United States. A global technology provider offers a comprehensive suite of software solutions, encompassing a flagship relational database management system, enterprise resource planning, customer relationship management, and cloud services. Additionally, the company delivers middleware products, business intelligence tools, and industry-specific applications, addressing diverse business needs worldwide. As a key player in application development, it stewards a widely utilized programming language. These software solutions cater to businesses across various industries and are widely adopted for scalability, security, and innovation.

About The Job

• Raising and managing RFQs (Request for Quotations)
• Comparing supplier quotations
• Negotiating prices and commercial terms
• Creating and managing Purchase Orders (POs)
• Conducting supplier evaluations and market research
• Managing contracts, MSAs, and procurement documentation
• Coordinating with internal stakeholders and suppliers
• Tracking procurement savings and compliance

Key Procurement Areas

The role mainly covers:

• IT Hardware & Software
• IT/Engineering Services
• Facility Management Services
• Lab Equipment
• Other indirect spend categories

Essential Job Functions

• Sourcing Strategy:

Analyzing procurement offers and suggest methods to decrease expenditure. Supporting buyers in generating and implementing efficient sourcing and category management strategies. Derive strategies through Spend Management, ABC analysis, Pareto Analysis

• Supplier Landscape: Continuously screen the domestic market preparing comprehensive supplier landscape and ensure compliance aspects adhered and monitored
• RFQ Management:

RFQ preparation and processing with shortlisted vendors. Obtaining competitive offers and evaluating the offers various techno commercial parameters. Collaborate with stake holders to ensure clarity of the specifications and expectations of the company.

• Negotiation with suppliers

Supporting buyers in finalizing the negotiation strategy and negotiation design. Negotiate with the suppliers and achieve the target cost. Selecting the supplier based on comprehensive evaluation of the offers in terms of best in class price, delivery and quality. Experience in using various price plausibility tools like: Price breakdown, Bottom up cost calculation, Open Book Calculation & Linear Price Performance.

• Purchase Orders

Generating sourcing recommendations and creation of Purchase Orders and contracts. Negotiating with the suppliers for agreement on legal and commercial terms and conditions. Job also involved creation and finalization of maters service agreement and procurement agreements with the suppliers.

Qualifications

• Education: Commerce graduate/Post-graduate/MBA
• No of Years: ~4 to 6 years
• Experience: Purchase, Negotiation, Process knowledge, Supplier interactions
• Specific Knowledge: (Skill / Languages etc.)
• Strong communication skills , excel , power-point skills, stakeholder management

Equal Opportunity Employer

VARITE is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. We do not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, marital status, veteran status, or disability status.

Referral Bonus

• 0 - 2 Yrs. - INR 5,000
• 2 - 6 Yrs. - INR 7,500
• 6 + Yrs. - INR 10,000

About VARITE

VARITE is a global staffing and IT consulting company providing technical consulting and team augmentation services to Fortune 500 Companies in USA, UK, CANADA and INDIA. VARITE is currently a primary and direct vendor to the leading corporations in the verticals of Networking, Cloud Infrastructure, Hardware and Software, Digital Marketing and Media Solutions, Clinical Diagnostics, Utilities, Gaming and Entertainment, and Financial Services.