
Strategic Sourcing Expert
1 week ago
Sourcing and Procurement Specialist
To manage the procurement function efficiently by identifying reliable vendors, negotiating cost-effective purchases, ensuring timely availability of raw materials, consumables, and services required for smooth manufacturing operations, while maintaining quality and compliance standards.
This role involves
- Procurement Strategy Development: Identify, evaluate, and select suppliers/vendors for raw materials, machinery spares, consumables, and services.
- Negotiation and Contracting: Obtain quotations, compare price, quality, and delivery terms, and finalize purchase orders. Develop alternate sourcing strategies to ensure uninterrupted supply.
Vendor Management:
- Relationship Building: Build and maintain strong relationships with suppliers.
- Evaluation and Performance Management: Conduct vendor performance evaluation based on quality, cost, and delivery timelines.
Purchase Operations:
- Order Issuance: Issue Purchase Orders (POs) in line with company policies and approvals.
- Inventory Management: Ensure timely procurement of materials as per production schedule.
Cost Optimization:
- Benchmarking: Implement cost-saving initiatives without compromising quality.
- Contract Negotiation: Benchmark prices and identify opportunities for bulk/long-term contracts.
Compliance and Documentation:
- Record Keeping: Maintain accurate procurement records (POs, invoices, GRNs, contracts).
- Audit Compliance: Ensure compliance with company policies, statutory regulations, and audit requirements.
Key Skills & Competencies:
- Negotiation and Communication: Strong negotiation and communication skills.
- Supply Chain Knowledge: Knowledge of procurement processes, inventory management, and supply chain operations.
- Analytical Problem-Solving: Analytical and problem-solving ability.
Qualification & Experience:
- Bachelor's Degree: Bachelor's degree in Commerce / Supply Chain / Engineering / Management.
- Work Experience: 2–5 years of experience in procurement/purchase in a manufacturing/industrial setup.
What We Offer:
- Competitive Salary:
- Growth Opportunities:
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