Assistant Manager
3 days ago
The Assistant Manager - Sourcing plays a crucial role in supporting the sourcing function within the organization. They work closely with the Sourcing Manager to manage the procurement process, develop sourcing strategies, and build strong vendor relationships to ensure the availability of high-quality supplies at optimal costs.
Key Responsibilities:
- Assist in developing and implementing sourcing strategies to meet the organization's procurement needs.
- Coordinate with internal stakeholders to understand their sourcing requirements and provide timely support.
- Identify and evaluate potential vendors and suppliers to ensure the procurement of goods and services meets quality and budget requirements.
- Negotiate contracts and terms of agreement with vendors to secure advantageous pricing and terms.
- Monitor and analyze market trends, supplier capabilities, and product innovation to drive sourcing improvements.
- Collaborate with cross-functional teams to streamline sourcing processes and identify cost-saving opportunities.
- Oversee the procurement process to ensure timely delivery of goods and services while maintaining optimal inventory levels.
- Manage vendor relationships and conduct performance reviews to ensure adherence to quality and delivery standards.
- Prepare and present regular reports on sourcing activities, cost savings, and vendor performance to the management team.
- Drive continuous improvement initiatives within the sourcing function to enhance efficiency and effectiveness.
- Should have strong commercial experience and a demonstrable track record of success in a Category/Sourcing-focused role.
- have strong Vendor development experience in the Western wear or Men's wear Category & have the ability to build strong working relationships with a wide range of internal stakeholders
- be conversant with market and trading data
- Excellent analytical abilities to assess supplier capabilities, market trends, and cost structures.
- Effective communication and interpersonal skills to liaise with internal stakeholders and external suppliers.
- Proficiency in project management tools and techniques to drive sourcing projects to successful completion.
- Ability to solve complex problems and make data-driven decisions to optimize the sourcing process.
- Understanding of contract management and vendor performance evaluation.
Required Qualifications:
- Bachelor's degree in Business Administration, Supply Chain Management, or a related field.
- Proven experience (3+ years) in sourcing, procurement, or vendor management.
- Demonstrated knowledge of sourcing strategies, supply chain principles, and procurement best practices.
- Strong negotiation skills with the ability to secure favorable terms and pricing.
- Proven track record of driving cost savings and operational improvements through sourcing initiatives.
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