16 Oct
|
Procston
|
Bengaluru
16 Oct
Procston
Bengaluru
– Senior Buyer
Company: Procston Private Limited
Designation: Senior Buyer
Department: Procurement / Supply Chain Management
Location: Bengaluru, Karnataka
Employment Type: Full-time
Reporting To: Procurement Manager / Head of Procurement
- About Procston
Procston is a technology-driven procurement platform designed to streamline and manage the entire procurement lifecycle, from purchase requisition and sourcing to negotiation, purchase order management, delivery tracking, and supplier performance evaluation.
Our mission is to make procurement more transparent, efficient, data-driven, and cost-effective by connecting buyers and suppliers through an integrated digital ecosystem.
- Role Overview
Procston is seeking a results-oriented Senior Buyer to manage end-to-end procurement activities, develop strategic supplier relationships, negotiate competitive commercial terms, and ensure the timely availability of materials and services.
The ideal candidate will combine strong procurement expertise, commercial acumen, analytical capabilities, and digital proficiency to deliver measurable cost savings, improve supplier performance, and ensure compliance with procurement policies and business requirements.
- Key Responsibilities
A. End-to-End Procurement
- Manage the complete procurement cycle, from purchase requisition and requirement validation to sourcing, negotiation, purchase order issuance, delivery, and closure.
- Identify suitable suppliers based on quality, cost, delivery capability, technical compliance, and commercial terms.
- Prepare and issue Requests for Quotation (RFQs), evaluate quotations, and conduct commercial comparisons.
- Ensure timely procurement of materials, equipment, and services in line with project schedules and business requirements.
- Monitor purchase orders, delivery schedules, pending supplies, and supplier commitments.
B. Strategic Sourcing and Cost Optimisation
- Develop and implement sourcing strategies to achieve cost savings and improve procurement efficiency.
- Conduct market research, price benchmarking, and supplier price discovery.
- Negotiate pricing, payment terms, credit periods, warranties, delivery schedules, and other contractual conditions.
- Identify alternative suppliers, equivalent products, and cost-effective sourcing opportunities.
- Analyse historical purchase data and market trends to identify opportunities for value engineering and total cost reduction.
C. Supplier Relationship Management
- Identify, evaluate, onboard, and develop reliable suppliers.
- Maintain a qualified supplier database and ensure appropriate supplier documentation.
- Evaluate supplier performance against quality, cost, delivery, responsiveness, and service parameters.
- Resolve supplier-related issues, including delivery delays, quality deviations, pricing discrepancies, and commercial disputes.
- Build long-term supplier relationships while maintaining fair competition and procurement transparency.
D. Purchase Order and Contract Management
- Prepare and release purchase orders in accordance with approved quotations, negotiated terms, and internal authorisations.
- Verify technical specifications, quantities, prices, delivery locations, taxes, payment terms, and contractual conditions.
- Coordinate with finance, project, engineering, stores, logistics, and quality teams to ensure smooth procurement execution.
- Track order acknowledgements, dispatch schedules, goods receipt, invoice discrepancies, and payment-related issues.
- Maintain accurate procurement records and ensure compliance with internal policies and contractual obligations.
E. Digital Procurement and Data Management
- Use Procston's digital procurement platform to manage sourcing activities, supplier interactions, RFQs, quotations, purchase orders, and procurement documentation.
- Maintain accurate and up-to-date procurement data for reporting and decision-making.
- Use procurement analytics to identify price variations, savings opportunities, supplier performance trends, and process bottlenecks.
- Support the adoption of standardised, transparent, and technology-enabled procurement workflows.
- Provide feedback to the product and technology teams to improve procurement workflows and user experience.
F. Risk Management and Compliance
- Identify procurement risks related to supplier dependency, material availability, price volatility, delivery delays, and quality.
- Ensure adherence to approved budgets, delegation of authority, procurement policies, and applicable statutory requirements.
- Maintain appropriate documentation and audit trails for sourcing decisions and commercial negotiations.
- Promote ethical sourcing, confidentiality, fair competition, and conflict-of-interest compliance.
- Key Performance Indicators (KPIs)
Performance will be evaluated against measurable outcomes, including:
- Cost Savings: Achieved savings against approved budgets, benchmarks, or comparable purchase prices.
- On-Time Delivery: Percentage of orders delivered within agreed timelines.
- Procurement Cycle Time: Time taken from approved requisition to purchase order issuance.
- Supplier Performance: Quality, delivery reliability, responsiveness, and commercial competitiveness.
- Purchase Compliance: Adherence to procurement policies and approval processes.
- Competitive Sourcing:
Percentage of applicable purchases supported by competitive quotations.
- Data Accuracy: Completeness and accuracy of procurement records and system updates.
- Stakeholder Satisfaction: Responsiveness to internal customer requirements.
- Working Capital Optimisation: Improvement in payment terms, inventory commitments, and overall procurement value.
- Qualifications and Experience
- Bachelor's degree in Engineering, Supply Chain Management, Business Administration, Commerce, or a related discipline.
- A postgraduate qualification in Supply Chain Management, Procurement, or Operations Management will be an advantage.
- Approximately 5–8 years of relevant experience in procurement, strategic sourcing, or purchasing.
- Experience in project procurement, industrial procurement, EPC, infrastructure, manufacturing, electrical equipment, or engineering materials will be preferred.
- Demonstrated experience in supplier negotiations, commercial evaluation, cost optimisation, and purchase order management.
- Experience with ERP systems, e-procurement platforms, and Microsoft Excel.
- Strong understanding of procurement documentation, commercial terms, supplier evaluation, and purchasing processes.
- Required Skills and Competencies
- Strong negotiation and commercial decision-making skills.
- Excellent analytical, numerical, and problem-solving abilities.
- Effective communication and supplier relationship management.
- Strong planning, coordination, and execution capabilities.
- Ability to manage multiple procurement requirements and competing priorities.
- High standards of integrity, accountability, transparency, and attention to detail.
- Willingness to embrace digital procurement tools and technology-driven workflows.
- A proactive, ownership-oriented approach focused on measurable business outcomes.
- What Success Looks Like at Procston The successful candidate will help Procston deliver procurement outcomes that are measurable, transparent, and commercially competitive by:
- Securing the right materials and services at the right price and quality.
- Ensuring timely procurement and dependable supplier performance.
- Reducing avoidable procurement costs, delays, and process inefficiencies.
- Improving supplier participation and competitive price discovery.
- Maintaining reliable procurement data through Procston's digital platform.
- Contributing to a more integrated, effective, and accountable procurement ecosystem.
- Why Join Procston?
Join Procston at an exciting stage of its growth and contribute to transforming how organisations manage procurement. This role offers the opportunity to combine practical procurement expertise with digital innovation, influence evolving procurement processes, and create tangible value for buyers, suppliers, and businesses.
At Procston, procurement is more than purchasing—it is a strategic driver of business value.
📌 Senior Buyer (Bengaluru)
🏢 Procston
📍 Bengaluru