Senior Executive - IT Procurement for Software and Cloud Services

Senior Executive - IT Procurement (Software and Cloud Services)

Department

None

Job Description

Role: Senior Executive - IT Procurement (Software and Cloud Services)

Division: Corporate Group

Department: Procurement

Location: Mumbai

Position Summary

The Procurement Executive for IT will manage end-to-end procurement activities for software licenses, SaaS subscriptions, AWS and Azure cloud services and IT services. A key requirement of this role is to drive cost-efficiency through detailed market research and price benchmarking, ensuring the company secures best-in-class pricing and terms. 

Key Responsibilities

·       IT & Software & Cloud Sourcing: Manage the end-to-end procurement process for IT assets, including SaaS renewals, software licenses, hardware, IT vendor services and AWS/Azure cloud subscriptions. Negotiate and optimize commercial constructs such as reserved instances, savings plans, Azure reservations, committed use discounts, and prepaid credits.

·       Price Benchmarking & Market Intelligence: Perform regular price benchmark analyses on all new purchases including cloud unit economics (e.g., cost per v CPU-hour, per GB stored, per transaction) and renewals to ensure competitive market pricing. Compare internal performance metrics against industry standards to identify savings opportunities.

·       Vendor Management: Identify, evaluate, and maintain relationships with key IT suppliers. Monitor vendor performance and compliance with contractual obligations.

·       Strategic Sourcing: Align software usage with best-fit license options, including breaking down bundled pricing to understand true Total Cost of Ownership (TCO).

·       Compliance & Audit: Ensure compliance with corporate procurement policies, legal standards, and data security requirements. Maintain audit readiness for software licenses.

·       Reporting & Analysis: Generate reports on procurement metrics, cost savings, and vendor performance for management review. 

Required Qualifications & Experience

·       Education: Minimum Bachelor’s degree in technology (B.E. or BSc IT or similar), Specialization in Procurement or related field. Master’s degree in business administration is preferred

·       Experience: Minimum 8 years of experience in procurement, specifically focusing on IT hardware, software licensing, SaaS subscriptions and cloud procurement for AWS and Azure (including enterprise agreements, reserved instances, and marketplace sourcing)

·       Technical Skills: Proficient in ERP systems (e.g. Oracle) and procurement software. Advanced MS Excel skills (data analysis, modeling) are essential.

·       Benchmarking Expertise: Proven experience in performing market research, conducting cost breakdowns, and applying price benchmarking data to negotiate with vendors. 

Key Competencies

·       Strong negotiation and analytical skills.

·       Deep understanding of software licensing models (Subscription, Perpetual, SaaS).

·       Understanding dynamics of Cloud environment (at least AWS & Azure)

·       Excellent communication and cross-functional collaboration skills.

·       Ability to manage complex service categories and vendor relationships. 

Key Performance Indicators (KPIs)

• Percentage of cost savings achieved against budget/benchmark.
• Spend under management (IT Category).
• Sourcing cycle time. 

Open Positions

1

Mandatory Skills

IT Procurement,Software Procurement,Price Benchmarking,Strategic Sourcing,Vendor Management,Software/ CSP Contracts

Education Qualification

Preferably BE or BSc

Experience

8 to 10 years