Senior Sourcing Specialist

4 weeks ago

Jaipur, India Derewala Industries Limited Full time

About Derewala Industries Ltd.:

Derewala is a name synonymous with innovation, sustainability, and quality in the world of jewelry manufacturing. With cutting-edge technology and a global clientele, we are committed to creating timeless pieces while maintaining eco-friendly practices. Since our humble beginnings in 1987, we have adhered to the highest standards of quality and on-time delivery. Headquartered in Jaipur, India's jewellery hub, Derewala has expanded its global footprint, serving esteemed clients in over 30 countries across 6 continents.

Location
- Sitapura, Jaipur

Working days
- 6

Key Responsibilities:

Strategic Sourcing & Vendor Management

  • Develop and execute sourcing strategies to drive cost savings, quality improvement, and supplier reliability.
  • Identify, evaluate, and qualify new suppliers in line with company requirements.
  • Maintain strong vendor relationships and manage supplier performance through KPI's.

Negotiation & Contracting

  • Lead negotiations for pricing, payment terms, and service level agreements.
  • Draft, review, and manage contracts ensuring compliance with legal and company policies.

Market Research & Analysis

  • Conduct market intelligence, bench-marking, and spend analysis to identify sourcing opportunities.
  • Monitor industry trends, risks, and alternative supply sources.

Cross-functional Collaboration

  • Work closely with Production, Operations, Finance teams to understand requirements and deliver optimal sourcing solutions.
  • Support new product development projects with timely sourcing of materials.

Process Improvement & Compliance

  • Ensure sourcing practices comply with company policies, sustainability goals, and regulatory requirements.
  • Implement best practices, continuous improvement, and cost-saving projects.

Qualifications & Skills:

  • Bachelor's degree in Engineering
  • 3–5 years of experience in strategic sourcing, procurement, or supply chain (industry-specific experience preferred).
  • Strong negotiation, contract management, and analytical skills.
  • Knowledge of ERP systems, and supplier management processes.
  • Excellent communication, relationship management, and problem-solving skills.
  • Ability to work under pressure, manage multiple priorities, and drive cost efficiency.

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