Procurement with Risk management || Hyderabad

Job Description

Summary

We are seeking a highly skilled and experienced Strategic Procurement Support Specialist to join our team. The successful candidate will play a critical role in driving cost savings and efficiency improvements across the organization by generating and distributing spend reports, maintaining vendor inventory, and facilitating user additions and removals. This role requires a strong understanding of procurement processes, data analysis, and vendor management, as well as excellent communication and collaboration skills.

Responsibilities

• Generate and distribute spend reports and inventory analyses to select teams on an annual basis, identifying opportunities for cost savings and efficiency improvements
• Work with legal, compliance, IT, and procurement to enhance data tagging, reporting, and export capabilities within procurement platform to support better spend visibility
• Maintain and regularly update vendor inventory, enriching records with relevant details (e.g., contract terms, renewal dates, and spend information)
• Track, maintain, and reconcile user entitlements across key subscriptions
• Facilitate user additions and removals with vendors and provide updated user lists to AP for accurate allocations
• Monitor subscription renewals and ensure appropriate actions are taken ahead of key deadlines
• Support the enhancement of third-party risk management practices by leveraging Zip as the core tracking and reporting system
• Collaborate with compliance and TPRM working group to support due diligence processes and risk assessments for new and existing vendors
• Provide support of ongoing monitoring and reporting on vendor risk
• Guide employees through the procurement process, facilitate procurement platform user changes, identify & implement efficiency initiatives, enhance firmwide learning materials, and work to proactively expand the reach of the function
• Document, organize, and maintain accurate records of procurement process updates and identify areas of improvement

Requirements

Requirements :

Requirements

Responsibilities Generate and distribute spend reports and inventory analyses to select teams on an annual basis, identifying opportunities for cost savings and efficiency improvements Work with legal, compliance, IT, and procurement to enhance data tagging, reporting, and export capabilities within procurement platform to support better spend visibility Maintain and regularly update vendor inventory, enriching records with relevant details (e.g., contract terms, renewal dates, and spend information) Track, maintain, and reconcile user entitlements across key subscriptions Facilitate user additions and removals with vendors and provide updated user lists to AP for accurate allocations Monitor subscription renewals and ensure appropriate actions are taken ahead of key deadlines Support the enhancement of third-party risk management practices by leveraging Zip as the core tracking and reporting system Collaborate with compliance and TPRM working group to support due diligence processes and risk assessments for new and existing vendors Provide support of ongoing monitoring and reporting on vendor risk Guide employees through the procurement process, facilitate procurement platform user changes, identify & implement efficiency initiatives, enhance firmwide learning materials, and work to proactively expand the reach of the function Document, organize, and maintain accurate records of procurement process updates and identify areas of improvement Requirements : Bachelor's degree in Business, Finance, Economics, Statistics, or related field. A Master's degree is a plus. Minimum of 5 years of experience in pricing analysis, market research, or related roles, preferably within the automobile industry.