Genpact is hiring for the position of Business Analyst in Bangalore, India. Candidates with a Bachelor’s Degree are eligible to apply for this position. The complete information, eligibility criteria and requirements are provided below.
Job Description:
| Company Name | Genpact |
| Position | Business Analyst – Sourcing & Procurement Specialist |
| Qualifications | Bachelor’s degree |
| Experience | Freshers/ Experienced |
| Location | Bangalore, India |
Key Responsibilities:
- Create RFQ packages for manufacturing parts across multiple commodities based on project requirements and timelines by gathering relevant inputs such as approved vendor lists, drawings, specifications, and checklists.
- Set up and manage eRFX events using tools such as Ariba, including conducting reverse auctions when required.
- Distribute RFQ packages to suppliers across regional and global markets.
- Address supplier queries by coordinating with internal stakeholders to provide timely clarifications and resolutions.
- Review supplier responses for completeness, identify deviations, and resolve discrepancies.
- Perform preliminary bid analysis and prepare quote comparison reports for stakeholders.
- Recommend sourcing strategies and support effective price negotiations.
- Negotiate with suppliers on pricing, delivery terms, and contractual conditions.
- Award contracts and communicate decisions to suppliers and internal stakeholders.
- Update procurement systems to facilitate purchase order (PO) creation.
- Collaborate with internal customers to understand requirements and ensure timely fulfillment.
- Identify opportunities for cost optimization, improved commercial terms, and enhanced sourcing strategies.
- Monitor overall spend and implement cost-saving initiatives.
- Leverage organizational purchasing power through specification rationalization and volume consolidation.
- Negotiate and formalize agreements into standard contracts and frameworks.
- Ensure delivery of goods and services in line with contractual agreements, SLAs, and KPIs.
- Track performance metrics such as savings targets, delivery timelines, customer satisfaction, and sourcing opportunities.
- Lead source selection and procurement review boards, negotiate contract terms, and execute binding agreements.
- Administer contracts, manage amendments, and ensure compliance with company policies and contractual obligations.
- Identify and engage strategic suppliers for new business opportunities and conduct bidder conferences.
- Demonstrate experience in procuring turbine components and power plant equipment, including piping systems, control compartments, HVAC, ducts, structures, firefighting systems, and related components.
- Possess experience in the EPC industry, which is considered an added advantage.
Eligibility Criteria:
- Hold a university degree in any discipline.
- Possess strong knowledge of the global supplier base for valves, instruments, and industrial raw materials.
- Demonstrate good interpersonal skills and the ability to work effectively as part of a team.
- Have a basic understanding of end-to-end sourcing and procurement processes within a manufacturing environment.
Preferred Skills:
- Hold a degree in Electrical, Industrial, or Mechanical Engineering.
- Demonstrate strong proficiency in English; knowledge of additional foreign languages is an added advantage.
- Have practical experience with Ariba or similar e-procurement tools.
- Possess sourcing-related certifications such as CPM or SPSM, which are considered a plus.
About Company:
Genpact is an Equal Opportunity Employer and considers applicants for all positions without regard to race, color, religion or belief, sex, age, national origin, citizenship status, marital status, military/veteran status, genetic information, sexual orientation, gender identity, physical or mental disability or any other characteristic protected by applicable laws. Genpact is committed to creating a dynamic work environment that values diversity and inclusion, respect and integrity, customer focus, and innovation. For more information, visit www.genpact.com. Follow us on Twitter, Facebook, LinkedIn, and YouTube.
How To Apply?
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