Procurement Specialist

Bangalore, IndiaOn-site

Responsibilities

Review Corporate Services and Marketing & Events contracts in close collaboration with Legal, Cross-functional Team and Sourcing teams, ensuring agreements align with business needs and risk frameworks.
Lead the preparation and execution of RFI, RFP, and RFQ. Evaluate vendor proposals and present recommendations to stakeholders.
Create and communicate metrics reports on a regular basis based on a defined list of critical metrics (Cost Savings, Procurement Influence, Payment Terms etc.)
Support sourcing strategy and procurement optimization processes by providing data insights and recommendations.
Perform procurement analytics to deliver useful insights to larger procurement team to enable significant business impact
Build strong relationships with business collaborators and cross-functional partners.
Review, summarize, and analyze data and present findings in a concise and structured manner. Bring analytical and conceptual skills linking issue resolution to process improvement. What You Bring

Elastic, the Search AI Company, enables everyone to find the answers they need in real time, using all their data, at scale — unleashing the potential of businesses and people.
The Elastic Search AI Platform, used by more than 50% of the Fortune 500, brings together the precision of search and the intelligence of AI to enable everyone to accelerate the results that matter.
By taking advantage of all structured and unstructured data — securing and protecting private information more effectively — Elastic’s complete, cloud-based solutions for search, security, and observability help organizations deliver on the promise of AI. What is The Role
The ideal candidate is a data-driven negotiator who excels at cross-functional collaboration and long-term value creation.
Bachelor’s or master’s degree
experience in business or finance/accounting or equivalent.
experience in purchasing or finance and data analysis.
Strong data analytics and report building skills through tools such as MS Excel & Google G-Suite. Advanced
experience with the leading procurement, ERP and CRM tools will be considered an asset.
Ability to craft your calendar with flexible locations and schedules for many roles
If you are located in or are a national of one of the listed countries or regions, an export license may be required as a condition of your employment in this role.

Competitive pay based on the work you do here and not your previous salary
Health coverage for you and your family in many locations
Generous number of vacation days each year Increase
your impact - We match up to $2000 (or local currency equivalent) for financial donations and service
Embracing parenthood with minimum of 16 weeks of parental leave
Applicants have rights under Federal Employment Laws, view posters linked below: Family and Medical Leave Act (FMLA) Poster; Pay Transparency Nondiscrimination Provision Poster; Employee Polygraph Protection Act (EPPA) Poster and Know Your Rights (Poster)

To request an accommodation during the application or the recruiting process, please email candidate_accessibility@elastic.co . We will reply to your request within 24 business hours of submission.

The Procurement Specialist, Strategic Sourcing is an individual contributor role and will report to the Senior Manager, Strategic Sourcing in India.
The Specialist will work closely with the Global Sourcing and Procurement teams in India and North America.
This role involves analyzing market trends, leading competitive bidding processes (RFXs), negotiating high-value contracts, and handling key supplier relationships.
Partner with in-house counsel to navigate complex terms and secure appropriate approvals. Lead tail spend requests and reporting for various procurement tools.
Vendor contract negotiations across a range of Non Technology services request.
Partner closely with internal stakeholders (Legal, Finance, Operations, IT and P2P) to align sourcing initiatives with broader business objectives and compliance policies.
Serve as a Single Point of Contact (SPOC) for category sourcing managers and functional leads for providing category-specific spend report.
Strong ability to collect and interpret data, identify and communicate potential opportunities and risks.
Eager to learn new technologies in procurement data analytics.
Project management (including change management) experience and skills.