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Cognizant Technology Solutions

Senior Buyer – Procurement

 Location : Chennai, Tamil Nadu, India

 

Job Description

Job Title: Senior Buyer

Job Description:

The IT Procurement Executive will be responsible for managing and supporting all IT vendors, licensing, and maintenance agreements. This role involves building a portfolio of current IT vendors and handling the software procurement process for the ongoing review of IT vendors, licensing, and maintenance agreements.

Key Responsibilities:

  • Vendor Management: Manage maintenance/service agreements across software and Software Services.
  • Contract Analysis: Understand overall cost drivers in a contract and quantify them as value to be negotiated or structure it as a cost.
  • Risk Management: Define accurate cash inflows of a deal, set penalties on failures, define deliverables, milestones, and ways to overcome probable risks in a contract.
  • Market Analysis: Validate market trends in software licensing and submit innovative ideas to remodel the licensing metrics.
  • Collaboration: Collaborate with IT Teams and other departments to negotiate terms with vendors, to mitigate risk and maximize price efficiencies.
  • Invoicing and Payment: Work closely with IT and Finance departments to ensure that invoicing and payment occur on a timely and accurate basis.
  • Contract Negotiation: Conduct negotiation of pricing to leverage volume purchasing and achieve highest cost savings.
  • Agreement Monitoring: Proactively monitor when the terms of agreements are nearing expiration. Discuss on-going requirements with IT Management.
  • Reporting: Develop and maintain central tracking and reporting mechanism for all contracts and agreements within the responsibility of IT Procurement ensuring annual renewals are completed.

Qualifications:

The successful candidate will be a self-starter, detail-oriented, and possess strong written and verbal communication skills. They should be customer service oriented and have the ability to interpret, review, and negotiate technology-related contracts.

  • A bachelor’s degree in business management, economics, commerce, supply chain management, or Computer Science.
  • 10-12 years of IT Procurement/Sourcing support experience.
  • Must have Software procurement licensing experience and related Software agreement and understanding in IT networks and infrastructure, data centre technology, end user, mobile, web and social media technology and terms.
  • Excellent verbal and written communication skills, including the ability to explain technical contractual aspects to senior leaders within and external to the IT Organization.
  • Excellent customer service, decision-making, and organizational skills.

This role requires a deep understanding of the IT vendor landscape, software licensing, and maintenance agreements. Experience in software procurement and contract negotiation is highly desirable.

Please note that this is a general job description, and the specific responsibilities and qualifications may vary based on your organization’s needs.

Employee Status : Full Time Employee

Shift : Day Job

Travel : No

Job Posting : Apr 29 2024

About Cognizant

Cognizant (Nasdaq-100: CTSH) is one of the world’s leading professional services companies, transforming clients’ business, operating and technology models for the digital era. Our unique industry-based, consultative approach helps clients envision, build and run more innovative and efficient businesses. Headquartered in the U.S., Cognizant is ranked 185 on the Fortune 500 and is consistently listed among the most admired companies in the world. Learn how Cognizant helps clients lead with digital at www.cognizant.com or follow us @Cognizant.

 
Cognizant Technology Solutions
Source : Cognizant Technology Solutions company website

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