Sourcing Executive

4 days ago

Hosur, India shree balaji industries Full time

**The Procurement Executive is also known as the Sourcing Executive. And develops procurement strategies by monitoring inventory movement and determining inventory levels of products.Management Of Budgets**
- Analyze Procurement Data
- Assist In Supplier Selection And Negotiations
- Build Ongoing Vendor Relationships
- Negotiating Cost And Terms
- Risk management
- Collaborate With Trustworthy Partners And Suppliers
- Determine Quantity And Timing Of Deliveries
- Create Sourcing Reports And Documentation
- Strong Negotiation And Contract Management Skills The scope of the sourcing executive role varies depending on the size of the organization and the goods it procures. Generally, a sourcing executive oversees the complete sourcing, buying, and contracting process. This includes:

- Researching and evaluating potential vendors

In order to perform these responsibilities, a sourcing executive must possess excellent planning and organizational skills, along with solid negotiation, data analysis, and problem-solving abilities.
- **Cost Reduction**:Through competitive vendor selection, negotiation of terms, and volume quantity discounts, a sourcing executive can help reduce the cost of goods and services.
- **Risk Mitigation**:A sourcing executive can assess the potential risks associated with a vendor’s performance, such as financial stability, delivery timelines, and quality. This helps ensure the organization is making smart, risk-free decisions.
- **Time Savings**:Using data-driven analytics, a sourcing executive can streamline the decision making process, saving the organization time and money.

Pay: ₹20,000.00 - ₹25,000.00 per month

**Benefits**:

- Food provided
- Health insurance
- Provident Fund

Schedule:

- Day shift

Supplemental Pay:

- Performance bonus
- Yearly bonus

**Experience**:

- total work: 2 years (required)

**Location**:

- Hosur, Tamil Nadu (required)

Work Location: Remote

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