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IT Procurement Manager

Thomson Reuters
NewPosted today

LOCATION

Bangalore · Hybrid

EXPERIENCE

5+ Years

TYPE

FullTime

SKILLS REQUIRED

Strategic SourcingContract NegotiationSupplier ManagementSpend AnalysisStakeholder Management

Job description

Overview

Lead strategic sourcing and procurement initiatives across a broad range of technology spend categories, partnering with business stakeholders, Category Leads, Finance, Legal, and Information Security.

What you'll do

  • Lead end-to-end sourcing activities, including requirements gathering, supplier evaluation, negotiation, and contract execution.
  • Develop and execute sourcing strategies using competitive RFx processes, eRFx tools, and e-Auctions.
  • Analyze spend data, contracts, budgets, and market trends to identify cost-saving and value-creation opportunities.
  • Collaborate with business stakeholders and Category Leads to understand procurement requirements and develop sourcing pipelines.
  • Create and implement category strategies aligned with business objectives and organizational priorities.
  • Negotiate complex supplier agreements and manage contract execution across multiple geographies.
  • Drive supplier performance management and procurement compliance initiatives.
  • Support procurement systems and operational strategies to improve efficiency and business outcomes.
  • Partner with Finance, Legal, and Information Security teams on contract drafting, risk mitigation, and negotiations.
  • Resolve complex procurement issues and provide strategic guidance to stakeholders.
  • Develop sourcing collateral, including business cases, contract summaries, and RFx documentation.

What you'll need

  • Bachelor's degree.
  • Fluent English communication skills, both written and verbal.
  • 5+ years of experience in Procurement, Strategic Sourcing, Procurement Operations, or Program Management.
  • Strong experience managing end-to-end sourcing engagements and supplier negotiations.
  • Expertise in IT Procurement and technology-related spend categories.
  • Experience negotiating and managing contracts valued at $1M+ across multiple geographies.
  • Strong understanding of sourcing methodologies, procurement processes, and contract management.
  • Ability to analyze spend patterns, contracts, supplier performance, and market trends to drive sourcing strategies.
  • Excellent stakeholder management, relationship-building, and cross-functional collaboration skills.
  • Experience with Source-to-Pay platforms such as Ariba and/or Fieldglass.
  • Strong analytical, problem-solving, and communication skills.

Nice to have

  • Experience developing Total Cost of Ownership (TCO) and Total Value Optimization (TVO) models.
  • Knowledge of procurement regulations, compliance requirements, and industry best practices.
  • Advanced sourcing strategy, deal architecture, and negotiation expertise.
  • Experience working within global or multi-regional procurement organizations.
  • Ability to assess sourcing marketplace trends and incorporate market intelligence into procurement strategies.
  • Experience influencing senior business leaders and managing executive stakeholder relationships.
  • Proven track record of driving procurement transformation, process improvements, and operational excellence initiatives.

Details

  • Location: Bangalore, Karnataka, India (Bengaluru).
  • Hybrid work model: 2-3 days a week in the office depending on the role.

Read the full description and apply on the company’s own careers page.

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IT Procurement Manager