Sourcing Specialist

3 days ago


mumbai, India House of Spices India Full time

Job Location - Vidyavihar, Mumbai


JOB DESCRIPTION

• Understand Agro Commodity, demand and food safety requirements and its implications on sourcing

• Understand and build category cost models

• Research and analyses market intelligence data for trends in commodity prices which could directly impact category spend

• Share of business planning and monitoring

• Driving purchasing decisions based on cost and scenario analysis, as well as market trends.

• Negotiating contracts with key suppliers, including costs and terms of supply, service, and quality

• Collaborating with the procurement department to identify and pursue new supplier opportunities

• Conducting market research, as well as creating cost estimates and forecasts

• Estimating risks and applying risk minimizing techniques, as well as negotiating contracts that comply with industry regulations

• Maintaining strategic sourcing relationships and developing strong partnerships

• Effectively communicate with internal and external stakeholders

• Implement procurement strategy and policies

• Annual Budgeting and Planning

• Manage inflation as per budgeted / targeted levels

• Closely work with planning and purchase team to ensure on time in full availability of material

• Build strong relationship with suppliers for long term competitive advantage

• Identify value engineering initiatives for cost optimization

• Generate MIS on sourcing performance against budget on monthly basis


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