IBIBM
Procurement Sourcing Professional
Bangalore ₹11-16 LPA Posted 13 Nov 2025
FULL TIME
supplier negotiation
Category Management
Strategic Sourcing
Contract Management
Procurement
Job Description
Primary Responsibilities:
Process Management and Documentation
- Understand and document the end-to-end sourcing and RFx procurement lifecycle.
- Create process flowcharts and workflow maps to capture and improve procurement processes.
- Maintain version control, audit readiness, and compliance documentation for all processes.
- Support release management for process documentation and updates.
- Conduct training sessions and refreshers for procurement teams.
- Formulate strategies to move up the value chain and enhance engagement profitability.
- Collaborate effectively with stakeholders and management to ensure operational efficiency.
Policies, Procedures, and Program Management
- Participate in procurement policy reviews and recommend process improvements.
- Communicate procurement strategies, policies, and compliance guidelines to stakeholders.
- Identify and escalate service-impacting issues promptly to management.
Category Management and Sourcing Execution
- Lead sourcing initiatives and strategic planning aligned with category strategy and business objectives.
- Analyze and cleanse spend data to identify sourcing and cost optimization opportunities.
- Finalize business requirements and budgets in collaboration with stakeholders.
- Evaluate market trends, supplier capabilities, and risk factors to support sourcing decisions.
- Document sourcing processes and maintain all compliance and audit records.
Sourcing Execution
- Lead and manage RFx events for medium-complexity categories.
- Develop and manage RFx documentation, bid processes, and supplier communications.
- Evaluate supplier proposals, conduct scoring and analysis, and recommend preferred suppliers.
- Negotiate pricing, commercial terms, and contracts with suppliers.
- Support NDA/CDA creation, legal coordination, and contract award communications.
Contract and Compliance Administration
- Enter finalized contracts into contract management tools and maintain up-to-date records.
- Support contract implementation, communication, and change management activities.
- Ensure contracts align with corporate policies and compliance standards.
Category Buying Desk and Tactical Execution
- Execute low-clip tactical buys and localized sourcing events.
- Provide supplier lists and specification feedback to requesters.
- Maintain savings tracking, procurement dashboards, and reporting mechanisms.
Cost Modeling and Supplier Performance Management
- Develop should-cost models for strategic categories.
- Create and manage supplier scorecards and conduct financial health analyses.
- Lead supplier performance reviews and quarterly business reviews (QBRs).
- Support supplier identification and market intelligence initiatives of varying complexity.
Other Middle Office Activities
- Gather market intelligence, sustainability (ESG), and supplier data.
- Support dashboard and reporting tools (SAP, Power BI, Sievo).
- Assist in master data updates, vendor record management, and process digitalization initiatives.
- Contribute to continuous improvement and automation projects.