Yarn Sourcing

**Company Overview**

ColossusTex stands as a prominent player in the têxtile value chain realm, both in India and Internationally. Our comprehensive services span manufacturing, trading, sourcing, marketing, and supply chain management, ensuring seamless operations.

Our operations encompass:

- Contract Manufacturing
- Stock Selling and Buying
- Distribution
- Warehousing

Positioning ourselves as industry experts and consultants, ColossusTex operates in 37 countries, spanning both developed and emerging markets. Our extensive raw material portfolio covers a broad spectrum, ranging from high-end lifestyle products like carpets and upholstery to industrial necessities such as geotêxtiles, filter fabrics, tyrecord, and airbags.

**Job Summary**
- We seek an adept Procurement - Yarn Sourcing to oversee our company's procurement of products and services. This role entails crafting strategies to secure cost-efficient deals and reliable suppliers. The Procurement - Yarn Sourcing is tasked with identifying avenues to reduce procurement costs, allowing the company to allocate resources towards growth and personnel development._

**Responsibilities**
- Develop and implement effective sourcing strategies
- Identify lucrative suppliers and foster business partnerships
- Negotiate favorable terms with external vendors
- Authorize the procurement of necessary goods and services
- Finalize purchase agreements and oversee deliveries
- Evaluate and optimize existing contracts
- Monitor and report key performance metrics to enhance efficiency and reduce expenses
- Collaborate with stakeholders to clarify company specifications and expectations
- Anticipate market shifts impacting supplier and client negotiation dynamics
- Analyze data to anticipate adverse events and devise mitigation strategies
- Implement risk management protocols for supply contracts
- Monitor expenditures and instill a culture of long-term procurement savings

**Key Performance Indicators**

Expected KPIs to be met:

- Sourcing Strategy Effectiveness
- Supplier Relationship Management
- Procurement Process Efficiency
- Contract Management
- Performance Reporting
- Stakeholder Collaboration
- Market Analysis and Risk Management
- Cost Control and Savings

**Requirements and Skills**:

- Proven track record as a Procurement experience
- Proficiency in sourcing and procurement methodologies, with a keen understanding of market dynamics
- Strong negotiation and networking abilities
- Familiarity with supplier or third-party management software
- Proficiency in decision-making and numerical analysis
- Experience in data collection and analysis
- Exceptional leadership skills
- Bachelor's degree in supply chain management, logistics, or business administration

**Job Types**: Full-time, Permanent

Pay: From ₹700,000.00 per year

Schedule:

- Day shift

Work Location: In person