Job Description
Procurement
The Procurement job participates in obtaining good/services required by the organization. Under general supervision, this job analyzes data and documentation regarding products, vendors, costs, profit margins and shipments. This job participates in reviews of bid proposals, pricing negotiations and the securing of contracts within budgetary scope for a variety of goods/services.
Key Responsibilities and Duties
• Participates in negotiations with suppliers and analyzes suppliers' operations to determine factors that affect prices and to determine lowest cost consistent with quality, reliability, and ability to meet required schedules.
• Completes necessary documentation detailing use of competitive bidding, obtaining purchase order approvals, and order expediting.
• Identifies, researches, and evaluates suppliers that meet the organization's standards of price, quality, timing, and reliability of supply.
• Documents policies and procedures for bid proposals and procurement of goods and services.
• Analyzes statistical data to determine feasibility of buying products and to establish price objectives.
• Reconciles outstanding invoices, works with receiving department to follow-up on back orders, and files closed purchase orders.
• Identifies opportunities for cost savings and participates in procurement process improvement activities.
Educational Requirements
• University (Degree) Preferred
Work Experience
• 2+ Years Required; 3+ Years Preferred
Career Level
6IC
Operations: Contract Management - End to End Life Cycle Management
Creation of Purchase Order
MIS
Updating of Document in Online Tools
Regular Contract Expiry Tracking and Communication to BU's
Contract Database Management
Related Skills
Accountability, Communication, Critical Thinking, Due Diligence, Executive Presence, General Risk Management, Influence, Negotiation, Relationship Management, Supplier Performance Management, Vendor / Partner Management
_____________________________________________________________________________________________________
Company Overview
TIAA GBS India was established in 2016 with a mission to tap into a vast pool of talent, reduce risk by insourcing key platforms and processes, as well as contribute to innovation with a focus on enhancing our technology stack. TIAA GBS India is focused on building a scalable and sustainable organization , with a focus on technology , operations and expanding into the shared services business space.
Working closely with our U.S. colleagues and other partners, our goal is to reduce risk, improve the efficiency of our technology and processes and develop innovative ideas to increase throughput and productivity.
We are an Equal Opportunity/Affirmative Action Employer. We consider all qualified applicants for employment regardless of age, race, color, national origin, sex, religion, veteran status, disability, ****** orientation, gender identity, or any other protected status.
Accessibility Support
TIAA offers support for those who need assistance with our online application process to provide an equal employment opportunity to all job seekers, including individuals with disabilities.
If you are a U.S. applicant and desire a reasonable accommodation to complete a job application please use one of the below options to contact our accessibility support team:
Phone: (800) 842-2755
Email: accessibility.support@tiaa.org
The Procurement job participates in obtaining good/services required by the organization. Under general supervision, this job analyzes data and documentation regarding products, vendors, costs, profit margins and shipments. This job participates in reviews of bid proposals, pricing negotiations and the securing of contracts within budgetary scope for a variety of goods/services.
Key Responsibilities and Duties
• Participates in negotiations with suppliers and analyzes suppliers' operations to determine factors that affect prices and to determine lowest cost consistent with quality, reliability, and ability to meet required schedules.
• Completes necessary documentation detailing use of competitive bidding, obtaining purchase order approvals, and order expediting.
• Identifies, researches, and evaluates suppliers that meet the organization's standards of price, quality, timing, and reliability of supply.
• Documents policies and procedures for bid proposals and procurement of goods and services.
• Analyzes statistical data to determine feasibility of buying products and to establish price objectives.
• Reconciles outstanding invoices, works with receiving department to follow-up on back orders, and files closed purchase orders.
• Identifies opportunities for cost savings and participates in procurement process improvement activities.
Educational Requirements
• University (Degree) Preferred
Work Experience
• 2+ Years Required; 3+ Years Preferred
Career Level
6IC
Operations: Contract Management - End to End Life Cycle Management
Creation of Purchase Order
MIS
Updating of Document in Online Tools
Regular Contract Expiry Tracking and Communication to BU's
Contract Database Management
Related Skills
Accountability, Communication, Critical Thinking, Due Diligence, Executive Presence, General Risk Management, Influence, Negotiation, Relationship Management, Supplier Performance Management, Vendor / Partner Management
_____________________________________________________________________________________________________
Company Overview
TIAA GBS India was established in 2016 with a mission to tap into a vast pool of talent, reduce risk by insourcing key platforms and processes, as well as contribute to innovation with a focus on enhancing our technology stack. TIAA GBS India is focused on building a scalable and sustainable organization , with a focus on technology , operations and expanding into the shared services business space.
Working closely with our U.S. colleagues and other partners, our goal is to reduce risk, improve the efficiency of our technology and processes and develop innovative ideas to increase throughput and productivity.
We are an Equal Opportunity/Affirmative Action Employer. We consider all qualified applicants for employment regardless of age, race, color, national origin, sex, religion, veteran status, disability, ****** orientation, gender identity, or any other protected status.
Accessibility Support
TIAA offers support for those who need assistance with our online application process to provide an equal employment opportunity to all job seekers, including individuals with disabilities.
If you are a U.S. applicant and desire a reasonable accommodation to complete a job application please use one of the below options to contact our accessibility support team:
Phone: (800) 842-2755
Email: accessibility.support@tiaa.org
💡 Quick Summary
Seeking a career-building opportunity? The Associate | Sourcing Procurement position is now open for candidates interested in the Remote Jobs sector. This role in Mumbai offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Remote Jobs is a plus.