Strategic Sourcing Manager

2 weeks ago

Lucknow, Uttar Pradesh, India beBeeSourcing Full time ₹ 1,50,00,000 - ₹ 2,50,00,000
Strategic Sourcing Manager

The Souled Store is a homegrown youth casual-wear brand started 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.

As a Strategic 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.

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