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Company Overview
BXI (Barter Exchange of India) is a Barter Market Place Platform, catering to a B2B community of brands, business units, and organizations. Operating on the philosophy of "Give What You Have - Take What You Need," BXI runs a membership model that serves as a one-stop digital platform for various categories. Members exchange services and products with other members using Barter Trade Coins (BTC), facilitating a vibrant ecosystem. The headquarters is located in Mumbai, and the company operates within the business service industry.
Job Overview
We are looking for a mid-level Procurement Specialist to join our dynamic team at BXI - Barter Exchange of India. This full-time role is based in Mumbai, Mumbai Suburban, Thane, or Bandra. The candidate should have a maximum of 6 years of relevant work experience. The role involves managing procurement activities, including risk management, product analysis, and pricing analysis, essential for our unique barter marketplace.
Qualifications and Skills
- Strong experience in risk management (Mandatory skill), enabling the anticipation and mitigation of procurement risks.
- Proficient in product analysis (Mandatory skill), to evaluate and select the best products for the barter marketplace.
- Skilled in pricing analysis (Mandatory skill) ensuring the value trades align with market standards.
- Excellent negotiation skills to ensure favorable terms in all procurement deals.
- Ability to perform cost analysis to identify and implement cost-saving opportunities.
- Capable of conducting extensive market research to stay ahead of industry trends and make informed procurement decisions.
- Excellent communication skills, essential for coordinating with various stakeholders and ensuring smooth procurement processes.
- Experience in inventory analysis to maintain optimal inventory levels while minimizing costs.
Roles and Responsibilities
- Manage the complete procurement process, from sourcing and evaluation to contract negotiation and purchasing.
- Perform risk management for potential supplier issues, market fluctuations, and other procurement risks.
- Conduct detailed product analysis to ensure products meet the company's quality and performance standards.
- Conduct pricing analysis to ensure fair value trades and manage the budget effectively.
- Negotiate contracts and terms with suppliers to secure the best possible terms and conditions.
- Analyze inventory levels, monitor stock availability, and ensure optimal supply to meet the company's needs without overstocking.
Location = Delhi / Bengaluru
Profile = Assistant Manager / Manager - International & Domestic Sourcing (Metal Scraps). This is an urgent requirement.
Below are strict criterias.
1. Should have 4+ years of experience in international & domestic sourcing / purchasing / procurement of Aluminium / Metal / Alloy Scraps of various kinds i.e; Tense, Troma, TT, Zorba.
2. Should've travelled to international locations for aforesaid sourcing purpose. (not strict).
- Following procurement processes as per guidelines
- Strategizing and implementing efficient processes to ensure 100% order fulfilment on time.
- Ensuring promptness, accuracy in procurements and maintaining records of goods ordered, received and returns.
- Ensuring efficient demand servicing – Delivery @ stores, call centre, retailers, franchises etc.
- Evaluating potential vendors, negotiating and getting them registered as per set process.
- Maintaining good relationships with vendors / suppliers
- Regularly doing market research ensuring generic medicines range is enhanced from time to time.
- Maintaining accurate medicine master data base.
- Maintaining updated records of purchased products, delivery information and invoices.
- Liaising with new vendors and negotiating for the best deals whenever required
- Ensuring that the products and supplies are of high quality and as per set standards.
- Monitoring stock levels and placing orders as needed
- Working with internal team members ensuring speed and accuracy and performing other duties.
- Staying informed on the latest industry techniques and methods.
- Preparing training material and conduct regular training to all team members of Supply Chain Management.
- Preparing regular reports and ensuring timely update to management.
What you need to have:
- Qualification: Professional Degree
- Experience : 6-7 years of Procurement experience of Medicines (mandatory) / FMCG products
- Age : 28 – 35
- Pharmacy Knowledge – Medicine, Generic Medicines and FMCG items
- Market Orientation / Vendor Knowledge
- Ability to negotiate
- Computer Knowledge
Founded in 2019 by VIT alumni, this B2B marketplace works with the bottomline of hotels thereby helping them boost their profits by at least 20%. It has already empowered over 1000 hotels including ITC Hotels, Radisson and Taj.
This platform is disrupting the hospitality sector by leveraging the power of omnichannel procurement.
- Creating and implementing best purchasing practice, vision, strategy, policies, processes and procedures to aid and improve business performance
- Discovering profitable suppliers and initiating business and organizing partnerships
- Negotiating with external vendors to secure advantageous terms
- Evaluating the challenges faced by the business and taking action to mitigate risks and developing opportunities
- Responsible for managing relationships and negotiating with key suppliers at a senior and strategic level
- Collaborating with key persons to ensure clarity of the specifications and expectations of the company
- Providing leadership and managing a high performing team that delivers continuous improvement, added value and cost reduction
Desired Candidate Profile
What you need to have:
- Any graduate degree
- 4+ years of experience in the Hospitality industry in a senior Procurement role
- Ability and experience in leading a team
- Strong communication, negotiation and interpersonal skills
- Self-motivated and driven