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Strategic Procurement Specialist

3 weeks ago

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Job Opportunity

The Souled Store is a homegrown youth casual-wear brand founded in 2013.

We are one of India's largest online merchandising platforms with licenses like Disney, Warner Bros; WWE, IPL, Viacom18 to name a few.

Apart from selling products with themed designs such as superheroes, movies, TV shows, and cartoons, the brand also

is at the forefront of the latest youth style and fashion trends.

In addition to core men and women wear apparel categories, we have also expanded to new categories and introduced new product lines like activewear, supima products, innerwear, personal care products like perfumes etc.

We have also launched footwear and kidswear recently.

As a Sourcing Manager, you will oversee the strategic sourcing activities within the organization.

This role involves developing and implementing sourcing strategies, managing supplier relationships, ensuring cost-effective procurement, and driving continuous improvement in the sourcing process.

You will work closely with cross-functional teams to ensure the procurement of high-quality goods and services that meet the company's requirements.

Key Responsibilities:

  • Identify and evaluate potential suppliers, conduct market research, and stay abreast of industry trends.
  • Create and manage a preferred supplier list based on performance metrics and company requirements.
  • Establish and maintain strong relationships with key suppliers to ensure continuity of supply and adherence to quality standards.
  • Conduct regular supplier performance reviews and audits, and implement improvement plans as necessary.
  • Negotiate contracts, terms, and pricing with suppliers to achieve the best value for the company.
  • Ensure the timely and accurate processing of purchase orders, invoices, and other procurement documentation.
  • Develop and manage the sourcing budget, identifying opportunities for cost savings and efficiency improvements.

Qualifications:

  • Bachelor's degree in Supply Chain Management, Business Administration, or a related field. MBA or relevant certification (e.g., CPSM, CIPS) preferred.
  • Minimum of 5-10 years of experience in sourcing or procurement, with at least 5-7 years in a managerial role.
  • Proven track record of developing and implementing successful sourcing strategies.
  • Strong negotiation, contract management, and supplier relationship management skills.
  • Excellent analytical and problem-solving abilities, with a keen attention to detail.