Sourcing Head

12 hours ago


Panvel, Maharashtra, India Jay Precision Products Full time ₹ 5,00,000 - ₹ 15,00,000 per year

Job Title: Corporate Sourcing Head (Sr. Manager - Sourcing)

Location: Jay Precision Products Pvt. Ltd. Patalganga

Reporting To: G.M Factory Operations with dotted line to the MDs

Kindly Share your Cv –

Key Responsibilities:

1. Efficient Sourcing Strategy in view of the Global Clients

  • Develop and implement a strategic sourcing framework aligned with the high standards of the esteemed clients of Jay Precision Group.
  • Identify, evaluate, and onboard certified global and local suppliers for raw materials (plastics, packaging, electronics, paints, etc.).
  • Ensure compliance with international safety and quality standards such as EN71, ASTM F963, RoHS, REACH, and other industry related regulations.
  • Establish long-term partnerships with key suppliers to ensure cost efficiency, timely delivery, and quality assurance.
  • Optimize sourcing strategies for plastic moulding, electronic components, paints & pigments, and child-safe materials.
  • Implement dual-sourcing strategies to mitigate risks related to supply chain disruptions.
  • Collaborate with design and product development teams to source materials that enhance product innovation and safety.
  • Conduct benchmarking studies for global pricing trends in toy manufacturing raw materials.

2. Procurement & Cost Optimization

  • Drive cost-saving initiatives through bulk purchasing, contract negotiations, and alternative sourcing.
  • Develop supplier agreements that ensure price stability and flexible supply terms.
  • Optimize imported vs. locally sourced materials for better cost control and lead time reduction.
  • Implement value engineering initiatives to reduce material costs without compromising quality.

3. Inventory & Stores Management

  • Ensure efficient inventory management through FIFO, LIFO, and Average Costing methods.
  • Maintain optimum stock levels to avoid shortages while preventing excess inventory accumulation.
  • Conduct regular stock audits, cycle counting, and physical verifications to ensure inventory accuracy.
  • Implement lean warehousing and automation solutions to improve space utilization and retrieval efficiency.
  • Manage scrap, surplus, and obsolete inventory through effective disposal and recycling programs.

4. Compliance & Quality Assurance

  • Ensure all procured materials meet the safety regulations and compliance requirements of our esteemed International Clients.
  • Work closely with quality and regulatory teams to conduct supplier audits and inspections.
  • Maintain and update supplier documentation for compliance audits from global clients.
  • Implement sustainability initiatives in procurement, such as sourcing eco-friendly and recyclable materials.

5. Supplier Relationship Management & Risk Mitigation

  • Develop and manage a supplier performance tracking system based on quality, delivery, and cost efficiency.
  • Establish a vendor rating system to improve accountability and supplier reliability.
  • Build strong relationships with strategic suppliers to ensure business continuity and mitigate risks related to global supply chain disruptions.
  • Ensure alternative sourcing plans are in place for critical materials to prevent production delays.Role & responsibilities

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