Lead Sourcing Specialist

7 days ago

Vadodara, Gujarat, India GE Vernova Full time ₹ 6,00,000 - ₹ 18,00,000 per year

Job Description Summary
Job Description
Job Description For Lead Sourcing Specialist

  • Develop and implement sourcing strategies to meet the business sourcing objectives.
  • Identify potential suppliers and conduct thorough evaluations to assess their capabilities, reliability, and quality standards.
  • Negotiate contracts, terms, and conditions with suppliers to secure favourable pricing, payment terms, and service level agreements.
  • Continuously monitor and evaluate supplier performance, ensuring timely delivery of goods and services while maintaining quality standards.
  • Collaborate closely with internal departments to understand their sourcing needs, specifications, and requirements.
  • Conduct market research to identify emerging trends, new suppliers, and cost-saving opportunities.
  • Build and maintain strong relationships with key suppliers, fostering partnerships based on trust, reliability, and mutual benefits.
  • Lead supplier audits and evaluations to ensure compliance with ethical standards, legal regulations, and industry best practices.
  • Regularly review and analyse sourcing data and metrics to identify areas for improvement and implement corrective actions.
  • Stay updated on industry trends, market conditions, and changes in regulations that may impact sourcing strategies.

Sourcing Manager Required Skills

  • Strong negotiation and contract management skills.
  • Excellent analytical and problem-solving abilities.
  • Exceptional communication and interpersonal skills.
  • Proficient in using sourcing software and tools.
  • Knowledge of procurement best practices and supply chain management principles.
  • Ability to work in a fast-paced and dynamic environment, managing multiple priorities simultaneously.
  • Strong attention to detail and accuracy.
  • Proficient in data analysis and reporting.
  • Ability to collaborate effectively with cross-functional teams.
  • Strong leadership and team management skills.

Required Qualifications

  • Bachelor's degree in Mechanical or Electrical Engineering, business administration, or a related field is an additional advantage.
  • 12–14 years Proven experience in sourcing domain.
  • In-depth knowledge of sourcing strategies, supplier management, and procurement processes.
  • Strong understanding of contract laws, regulations, and compliance requirements.
  • Proficient in using procurement software and tools.
  • Excellent negotiation and relationship management skills.
  • Familiarity with industry-specific regulations and standards.
  • Strong organizational and time management skills.
  • Professional certification such as Certified Professional in Supply Management (CPSM) or Certified Purchasing Manager (CPM) is a plus.
  • Experience in the power transformer industry or sector relevant to the company's operations is preferred.

**Additional Information*
*Relocation Assistance Provided:
Yes

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