Job Title: Procurement Executive
Job Overview
We are seeking a results-driven and detail-oriented Procurement Executive to manage our end-to-end purchasing activities. In this role, you will be responsible for sourcing high-quality goods and services, evaluating suppliers, and executing strategic negotiations to secure the best commercial terms. A critical requirement for this role is hands-on expertise in SAP MM (Materials Management) to streamline our procurement workflows, manage purchase orders, and maintain accurate inventory data.
Key Responsibilities
1. Sourcing & Supplier Management
- Identify, evaluate, and onboard reliable vendors and suppliers aligned with company quality and cost standards.
- Conduct market research to identify emerging sourcing trends, potential supply risks, and cost-saving opportunities.
- Maintain and update a comprehensive database of approved vendors and track supplier performance indicators (KPIs) such as on-time delivery and quality.
2. Strategic Negotiation
- Lead commercial negotiations with suppliers to secure competitive pricing,
favorable payment terms, and robust Service Level Agreements (SLAs).
- Review, negotiate, and manage vendor contracts and annual purchase agreements to maximize value and minimize legal or supply risks.
- Collaborate with internal technical or operations teams to understand exact specifications before initiating vendor negotiations.
3. SAP & Procurement Operations
- Execute the complete Procure-to-Pay (P2P) cycle efficiently within SAP.
- Generate and manage Purchase Requisitions (PR), Purchase Orders (PO), Goods Receipts (GRN), and Request for Quotations (RFQ) in the SAP system.
- Analyze SAP data to track inventory levels, monitor open POs, and resolve any price or quantity variances during invoice verification.
4. Inventory & Compliance
- Coordinate with warehouse and logistics teams to ensure timely delivery of materials and prevent stockouts or overstocking.
- Ensure all procurement activ
📌 Procurement Executive (Chennai)
🏢 RGBSI
📍 Chennai