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Procurement Executive

Mihup

Mihup

Operations
Kolkata, West Bengal, India
Posted on Thursday, May 30, 2024

Job Description

Head of Human Resource Management

Location: Kolkata

Who we are: Founded in June 2016, Mihup is building a conversational AI platform that provides real time actionable business insights and cues for customer facing teams in contact centers. Our team is composed of engineers, machine learning scientists, and product specialists from leading institutions. Our clients include global Fortune 500 companies, and we are on track for aggressive expansion in India and globally.

Role Overview:

We are seeking a detail-oriented and experienced Procurement Executive to join our team. The person will be responsible for sourcing and purchasing goods and services for the organization in a cost-effective and timely manner. The ideal candidate will have strong negotiation skills, excellent communication skills, and the ability to build and maintain relationships with suppliers. He/ she must be well organised and must have experience in booking hotels/ transport for the traveling employees in a cost effective manner adhering to the company policy.

Responsibilities:

  • Develop and implement procurement strategies to meet the company's needs and objectives.
  • Source and evaluate suppliers based on price, quality, and delivery speed.
  • Booking air/ rail/ road transport and hotels for employees who travel for business in the most effective way.
  • Negotiate contracts and terms with suppliers to ensure favourable pricing and terms.
  • Maintain relationships with existing suppliers and identify new potential suppliers.
  • Review and analyse purchase requisitions to determine the best sourcing strategy.
  • Coordinate with internal stakeholders to understand their procurement needs and requirements.
  • Conduct market research to stay informed about industry trends and pricing.
  • Monitor and track supplier performance to ensure compliance with contracts and agreements.
  • Resolve any issues or disputes with suppliers in a timely and efficient manner.
  • Prepare and maintain procurement documentation and records.
  • Collaborate with other departments, such as finance and operations, to ensure alignment and coordination on procurement activities.
  • Prepare and present reports and updates on procurement activities to management as needed.
  • Ensure adherence to company policies, procedures, and ethical standards in all procurement activities.

Required Skills:

  • 2-3 years of work experience in the field of procurement.
  • Strong problem-solving skills to address procurement challenges, resolve issues with suppliers, and find creative solutions to meet business needs.
  • Understanding of procurement processes, procedures, and best practices. Knowledge of sourcing strategies, supplier management, contract negotiation, and procurement software/systems.
  • Ability to negotiate favorable terms and pricing with suppliers. Strong negotiation skills to secure the best value for goods and services while maintaining quality standards.
  • Excellent verbal and written communication skills. Ability to communicate effectively with suppliers, internal stakeholders, and other departments. Clear and concise communication in negotiations, correspondence, and reports.
  • Ability to negotiate favorable terms and pricing with suppliers. Strong negotiation skills to secure the best value for goods and services while maintaining quality standards.
  • Strong organizational and time management skills. Ability to prioritize tasks, manage multiple projects simultaneously, and meet deadlines in a fast-paced environment.
  • High ethical standards and integrity in all procurement activities. Adherence to company policies, procedures, and ethical standards in sourcing, negotiations, and supplier relationships.

Preferred Qualifications:

  • Mandatory bachelor's degree, preferably in Business Administration, Supply Chain Management, or a related field.
  • Candidates must obtain 60% throughout marks in all the board exams.