Senior Procurement Executive

Krazy Bee Services; Bengaluru; On-site; INR 900,000 - 1,400,000; Full time

Job summary

Krazy Bee Services in Bengaluru is seeking a Senior Procurement Executive to lead centralized procurement across departments, ensuring cost-effective purchasing, standardization of materials, and adherence to company policies.

You will manage vendor onboarding, negotiate terms, drive cost savings through strategic sourcing, oversee purchase orders and contracts, coordinate inventory, and report on KPIs to improve supplier performance.

Qualifications

• Bachelor's degree in Supply Chain Management, Business Administration, Commerce, Engineering, or related discipline.
• MBA or postgraduate qualification in Supply Chain Management or Procurement is preferred.
• Professional certifications such as CIPS, CPSM, or equivalent are an advantage.

Responsibilities

• Centralized procurement management across departments, consolidating requisitions.
• Identify, onboard, and monitor suppliers; negotiate terms and maintain vendor lists.
• Conduct price benchmarking, cost analysis, and identify bulk/annual rate savings.
• Review requisitions and release purchase orders; manage long-term contracts.
• Coordinate with inventory and finance for timely materials and payments.
• Maintain procurement records; ensure compliance and audits.
• Prepare periodic procurement reports and monitor KPIs.

Skills

Negotiation

Vendor management

Cost analysis

Strategic sourcing

ERP knowledge

Excel & MIS reporting

Communication skills

Analytical thinking

Problem solving

Attention to detail

Education

Bachelor's degree in SCM/related

MBA preferred

CIPS/CPSM certification advantage

Tools

SAP MM

Oracle

Job description

Job Description Centralized Procurement

Job Title: Senior Procurement Executive

Department: Procurement / Supply Chain Management

Location: ATP Office - Anjaneya Techno Park

Job Purpose

To manage and coordinate centralized procurement activities for the organization, ensuring cost-effective purchasing, standardization of materials and services, supplier development, quality compliance, and timely delivery while maintaining company procurement policies and procedures.

Key Responsibilities

1. Centralized Procurement Management

Manage procurement requirements from multiple departments, branches, and project locations through a centralized purchasing process.

Consolidate purchase requisitions to achieve economies of scale and improve purchasing efficiency.

Develop and implement procurement strategies aligned with business requirements.

Ensure compliance with procurement policies, approval matrices, and internal controls.

2. Vendor Management

Identify, evaluate, and onboard suppliers based on quality, price, delivery, and service capabilities.

Develop and maintain a reliable supplier database and approved vendor list. Negotiate pricing, payment terms, credit periods, delivery schedules, and contractual conditions.

Monitor supplier performance and maintain long-term vendor relationships.

3. Cost Optimization

Obtain and compare quotations from multiple vendors. Conduct price benchmarking, cost analysis, and market research. Identify cost-saving opportunities through bulk purchasing, annual rate contracts, and strategic sourcing.

Track procurement savings and report cost-reduction initiatives to management.

4. Purchase Order and Contract Management

Review purchase requisitions and ensure appropriate authorization before procurement.

Prepare and release purchase orders in accordance with approved commercial terms.

Manage annual rate contracts, service agreements, and long-term supply contracts.

Coordinate with finance, stores, operations, and end users for timely processing of invoices and payments.

5. Inventory and Supply Coordination

Coordinate with inventory and warehouse teams to maintain optimal stock levels. Avoid excess inventory, stock outs, and emergency purchases through effective planning.

Monitor order status, delivery timelines, and pending purchase orders. Ensure timely availability of materials and services across all locations.

6. Compliance and Documentation

Maintain procurement records, quotations, comparative statements, purchase orders, and contracts.

Ensure compliance with company policies, audit requirements, and applicable statutory requirements.

Support internal and external audits and implement corrective actions where necessary.

Promote transparency, ethical sourcing, and fair vendor selection.

7. Reporting and Performance Monitoring

Prepare periodic procurement reports covering expenditure, savings, supplier performance, and order status.

Monitor KPIs such as procurement savings, purchase order cycle time, on-time delivery, and supplier quality.

Use procurement systems to improve process efficiency and reporting accuracy.

Required Qualifications

Bachelor's degree in Supply Chain Management, Business Administration, Commerce, Engineering, or a related discipline.

MBA or postgraduate qualification in Supply Chain Management or Procurement is preferred.

Professional certifications such as CIPS, CPSM, or equivalent are an advantage.

Experience

Procurement Senior Executive: 3–5 years of relevant experience. Experience in centralized purchasing, strategic sourcing, vendor negotiation, and multi-location procurement is preferred.

Required Skills

Strong negotiation and commercial skills.

Vendor development and supplier relationship management.

Cost analysis and strategic sourcing.

Knowledge of purchase orders, contracts, and procurement policies. ERP knowledge, such as SAP MM, Oracle, or other procurement systems. Advanced Excel and MIS reporting skills.

Strong communication, analytical, coordination, and problem-solving abilities. High integrity and attention to detail.

Key Performance Indicators (KPIs)

Procurement cost savings achieved.

Percentage of purchases through approved vendors. On-time delivery performance.

Purchase order processing cycle time.

Supplier quality and rejection rate.

Contract compliance and rate-contract utilization.

Reduction in emergency and non-compliant purchases.

Procurement budget adherence.

Key Working Relationships

Finance and Accounts

Operations and Production

Project and Maintenance Teams

Quality Assurance

Suppliers and Service Providers

Senior Management

Expected Outcome

Establish an efficient, transparent, and cost-effective centralized procurement function that ensures standardization, purchasing control, supplier reliability, and measurable cost savings across the organization.