
Cost Efficiency Specialist
1 day ago
About Our Company:
We are a leading manufacturer of jewelry, known for our innovative approach, commitment to sustainability, and high-quality products. With cutting-edge technology and a global clientele, we strive to create timeless pieces while maintaining eco-friendly practices.
Since our inception, we have adhered to the highest standards of quality and on-time delivery. Headquartered in India's jewellery hub, we have expanded our global footprint, serving esteemed clients across the globe.
Key Responsibilities:
- Develop and implement sourcing strategies aligned with business objectives.
- Lead, mentor, and manage the purchase and store team to achieve departmental targets.
- Optimize procurement, inventory, and sourcing processes for cost savings and efficiency.
- Understand department requirements, combine purchase needs, and source accordingly at group level.
- Negotiate with existing and new vendors for best pricing and quality.
- Finalize L1/L2 vendors, execute agreements, and maintain vendor trackers with cost-benefit analysis.
- Ensure compliance with legal, safety, and environmental standards.
- Manage inventory to meet production demands while minimizing waste and obsolescence.
- Continuously explore and develop new vendors to improve rates and services.
- Utilize ERP systems for tracking and reporting.
- Monitor costs, analyze performance metrics, and report improvements to management.
Requirements & Skills:
- Bachelor's degree in Engineering or related field.
- 13-17 years of experience in strategic sourcing, procurement, or supply chain (Manufacturing industry 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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