Procurement Analyst
HDFC BankJob Highlights
Required Skills
Job Description
Role Summary: The Procurement Analyst will be responsible for supporting the procurement team in sourcing, negotiating, and managing contracts with vendors. This role involves analyzing spend data, identifying cost-saving opportunities, and ensuring compliance with procurement policies and procedures within HDFC Bank's BFSI operations.
Key Responsibilities:
- Analyze procurement data to identify trends, cost-saving opportunities, and areas for process improvement.
- Assist in the development and execution of sourcing strategies for various categories of goods and services.
- Support the negotiation of contracts and service level agreements (SLAs) with suppliers.
- Monitor vendor performance and ensure adherence to contractual obligations.
- Ensure compliance with company procurement policies, ethical standards, and regulatory requirements.
- Prepare reports and presentations on procurement activities, savings, and risks.
- Collaborate with internal stakeholders to understand their procurement needs and provide solutions.
About HDFC Bank
HDFC Bank is a leading financial services company in India, incorporated in August 1994. It is one of India's largest banks by assets and market capitalization. HDFC Bank offers a wide range of banking and financial services to individuals and businesses, including retail banking, wholesale banking, and treasury operations. The bank has a vast network of branches and ATMs across India and a significant presence in the digital banking space.
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