Sourcing Executive

3 days ago

Thane, India Riddhi Enterprises Full time

Understand product requirements: Collaborate closely with the production, CRM & research teams

to comprehensively understand the specific chemical requirements for our products.
- Sound knowledge of chemicals: Possess an extensive understanding of various chemicals, including
- Floating enquiries to various suppliers: Identify potential suppliers and initiate requests for

quotations (RFQs) to secure competitive pricing and favourable terms.
- Maintain supplier database: Establish and maintain a comprehensive database of suppliers,

including contact information, pricing, delivery terms, and quality standards.
- Appoint new vendors: Evaluate potential vendors based on capabilities, reliability, and pricing.

Forge partnerships with new vendors to ensure a diverse and dependable supply chain.
- Optimize raw material prices: Utilize negotiation skills to obtain the best possible raw material

prices without compromising quality.
- Develop international vendors: Identify and cultivate relationships with international vendors to

diversify the supply chain and explore cost-effective sourcing options.
- Coordinate with vendors: Maintain regular communication with suppliers to address issues, track

order status, and resolve any supply chain disruptions or quality concerns.
- Ensure raw material availability: Proactively monitor inventory levels and collaborate with

suppliers to ensure a consistent supply of raw materials, preventing any production delays.
- Make error-free purchase entries in the system: Accurately enter all purchase-related information,

including supplier details, quantities, prices, and delivery dates, into the purchasing system or ERP

software.
- Track stock in the system: Monitor and update the inventory records in the system to reflect the

current stock levels accurately. Regularly reconcile physical stock with system records to identify and

resolve any discrepancies.
- Vendor Development

Qualifications and Skills:

- Bachelor's or Master's degree in Chemistry (BSc/MSc Chemistry) or related field.
- 1 - 4 years of experience in sourcing or procurement of chemicals (expients, solvents, impurities)
- Excellent communication skills in English and Hindi, both written and verbal.
- Strong negotiation skills to obtain favorable pricing and terms from suppliers.
- Familiarity with market trends, pricing structures, and supplier dynamics in the chemical industry.
- Organizational skills to maintain accurate and well-organized supplier databases and records.
- Familiarity with purchasing systems or ERP software for error-free purchase entries and inventory

tracking.

Pay: ₹32,000.00 - ₹35,000.00 per month

**Benefits**:

- Provident Fund

Schedule:

- Day shift

Supplemental Pay:

- Yearly bonus

**Experience**:

- total work: 2 years (preferred)

Work Location: In person

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