Lead Procurement Specialist - SaaS
New Relic
Lead Procurement Specialist - SaaS
Job Description
About This Role
The Lead Procurement Specialist at New Relic in Hyderabad will source, purchase, and manage software licenses, IT equipment, and services to support sales, finance, engineering, and operations teams. This role focuses on developing cost-effective procurement strategies, vendor management, contract negotiation, and ensuring compliance while driving process improvements. It requires strong experience in IT procurement within a software environment to maintain high quality and efficiency.
What You'll Do
- Develop and execute procurement strategies for software licenses, IT hardware, and services to meet operational requirements and cost efficiency goals
- Identify, evaluate, and select vendors, negotiate contracts and agreements for competitive pricing and favorable terms
- Create and manage purchase orders, contracts, and agreements ensuring accuracy and compliance with policies and legal requirements
- Support FPA team to track procurement expenditures, report on budget variances and cost saving initiatives
- Assess and mitigate risks in software procurement, vendor relationships, and contracts while ensuring cybersecurity and data protection compliance
- Continuously evaluate and improve procurement processes to enhance efficiency, reduce cycle times, and identify automation opportunities
- Build and maintain strong relationships with software vendors, monitor performance, and conduct regular reviews to meet SLAs
What We're Looking For
- Minimum of 6 years of work experience in procurement process
- Bachelor’s degree in a relevant field
- Proven experience as a procurement specialist, purchasing agent, or similar role in a software company or IT environment
- Strong knowledge of software licensing models, IT hardware procurement processes, and contract negotiation principles
- Experience with procurement software and tools (e.g., ERP systems, contract management software like Netsuite, Workday, Coupa)
- Excellent communication skills and ability to collaborate effectively with internal stakeholders and external vendors
Bonus Points If You Have
- Adaptability to thrive in a fast paced and changing environment typical of the software industry
- Certification in procurement (e.g., CPSM, CSCP)
Key Skills
Locations
- Hyderabad, India, United States
Salary
Estimated Salary Rangemedium confidence
18,000,000 - 32,000,000 INR / yearly
Source: ai estimated
* This is an estimated range based on market data and may vary based on experience and qualifications.
Skills Required
- Procurement strategy developmentintermediate
- Vendor management and evaluationintermediate
- Contract negotiationintermediate
- Purchase order and contract managementintermediate
- Budget tracking and reportingintermediate
- Risk assessment and mitigationintermediate
- Process improvement and automationintermediate
- Supplier relationship managementintermediate
- Analytical mindsetintermediate
- Problem solving and attention to detailintermediate
Required Qualifications
- Minimum of 6 years of work experience in procurement process (experience)
- Bachelor’s degree in a relevant field (experience)
- Proven experience as a procurement specialist, purchasing agent, or similar role in a software company or IT environment (experience)
- Strong knowledge of software licensing models, IT hardware procurement processes, and contract negotiation principles (experience)
- Experience with procurement software and tools (e.g., ERP systems, contract management software like Netsuite, Workday, Coupa) (experience)
- Excellent communication skills and ability to collaborate effectively with internal stakeholders and external vendors (experience)
Preferred Qualifications
- Adaptability to thrive in a fast paced and changing environment typical of the software industry (experience)
- Certification in procurement (e.g., CPSM, CSCP) (experience)
Responsibilities
- Develop and execute procurement strategies for software licenses, IT hardware, and services to meet operational requirements and cost efficiency goals
- Identify, evaluate, and select vendors, negotiate contracts and agreements for competitive pricing and favorable terms
- Create and manage purchase orders, contracts, and agreements ensuring accuracy and compliance with policies and legal requirements
- Support FPA team to track procurement expenditures, report on budget variances and cost saving initiatives
- Assess and mitigate risks in software procurement, vendor relationships, and contracts while ensuring cybersecurity and data protection compliance
- Continuously evaluate and improve procurement processes to enhance efficiency, reduce cycle times, and identify automation opportunities
- Build and maintain strong relationships with software vendors, monitor performance, and conduct regular reviews to meet SLAs
Tags & Categories
Lead Procurement Specialist - SaaS
New Relic
Lead Procurement Specialist - SaaS
Job Description
About This Role
The Lead Procurement Specialist at New Relic in Hyderabad will source, purchase, and manage software licenses, IT equipment, and services to support sales, finance, engineering, and operations teams. This role focuses on developing cost-effective procurement strategies, vendor management, contract negotiation, and ensuring compliance while driving process improvements. It requires strong experience in IT procurement within a software environment to maintain high quality and efficiency.
What You'll Do
- Develop and execute procurement strategies for software licenses, IT hardware, and services to meet operational requirements and cost efficiency goals
- Identify, evaluate, and select vendors, negotiate contracts and agreements for competitive pricing and favorable terms
- Create and manage purchase orders, contracts, and agreements ensuring accuracy and compliance with policies and legal requirements
- Support FPA team to track procurement expenditures, report on budget variances and cost saving initiatives
- Assess and mitigate risks in software procurement, vendor relationships, and contracts while ensuring cybersecurity and data protection compliance
- Continuously evaluate and improve procurement processes to enhance efficiency, reduce cycle times, and identify automation opportunities
- Build and maintain strong relationships with software vendors, monitor performance, and conduct regular reviews to meet SLAs
What We're Looking For
- Minimum of 6 years of work experience in procurement process
- Bachelor’s degree in a relevant field
- Proven experience as a procurement specialist, purchasing agent, or similar role in a software company or IT environment
- Strong knowledge of software licensing models, IT hardware procurement processes, and contract negotiation principles
- Experience with procurement software and tools (e.g., ERP systems, contract management software like Netsuite, Workday, Coupa)
- Excellent communication skills and ability to collaborate effectively with internal stakeholders and external vendors
Bonus Points If You Have
- Adaptability to thrive in a fast paced and changing environment typical of the software industry
- Certification in procurement (e.g., CPSM, CSCP)
Key Skills
Locations
- Hyderabad, India, United States
Salary
Estimated Salary Rangemedium confidence
18,000,000 - 32,000,000 INR / yearly
Source: ai estimated
* This is an estimated range based on market data and may vary based on experience and qualifications.
Skills Required
- Procurement strategy developmentintermediate
- Vendor management and evaluationintermediate
- Contract negotiationintermediate
- Purchase order and contract managementintermediate
- Budget tracking and reportingintermediate
- Risk assessment and mitigationintermediate
- Process improvement and automationintermediate
- Supplier relationship managementintermediate
- Analytical mindsetintermediate
- Problem solving and attention to detailintermediate
Required Qualifications
- Minimum of 6 years of work experience in procurement process (experience)
- Bachelor’s degree in a relevant field (experience)
- Proven experience as a procurement specialist, purchasing agent, or similar role in a software company or IT environment (experience)
- Strong knowledge of software licensing models, IT hardware procurement processes, and contract negotiation principles (experience)
- Experience with procurement software and tools (e.g., ERP systems, contract management software like Netsuite, Workday, Coupa) (experience)
- Excellent communication skills and ability to collaborate effectively with internal stakeholders and external vendors (experience)
Preferred Qualifications
- Adaptability to thrive in a fast paced and changing environment typical of the software industry (experience)
- Certification in procurement (e.g., CPSM, CSCP) (experience)
Responsibilities
- Develop and execute procurement strategies for software licenses, IT hardware, and services to meet operational requirements and cost efficiency goals
- Identify, evaluate, and select vendors, negotiate contracts and agreements for competitive pricing and favorable terms
- Create and manage purchase orders, contracts, and agreements ensuring accuracy and compliance with policies and legal requirements
- Support FPA team to track procurement expenditures, report on budget variances and cost saving initiatives
- Assess and mitigate risks in software procurement, vendor relationships, and contracts while ensuring cybersecurity and data protection compliance
- Continuously evaluate and improve procurement processes to enhance efficiency, reduce cycle times, and identify automation opportunities
- Build and maintain strong relationships with software vendors, monitor performance, and conduct regular reviews to meet SLAs
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