
Sourcing Head
12 hours ago
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
Preferred candidate profile
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