Lead Sourcing Specialist

2 days ago

Vadodara, Gujarat, India GE VERNOVA Full time ₹ 1,04,000 - ₹ 1,30,878 per year

**Summary****

Negotiate with dedicated providers according to specific policies. Achieve the best contractual conditions while also ensuring internal customer satisfaction. Has knowledge of best practices and how own area integrates with others; is aware of the competition and the factors that differentiate them in the market

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 favorable 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 analyze 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 managerrequired 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.

Proven 8+ years of experience as a Sourcing Manager or in a similar sourcing role.

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.

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