Sourcing Executive
Chennai, Chennai, India
Full Time
Operations
Entry Level
The Sourcing Executive / Analyst is responsible for identifying, evaluating, and managing suppliers to ensure cost-effective procurement of goods and services. The role involves data analysis, vendor negotiations, market research, and process optimization to enhance sourcing efficiency.
What You Will Deliver
Who You Are
What You Will Deliver
- Supplier Identification & Evaluation:
- Research and identify potential suppliers based on business requirements.
- Assess supplier capabilities, pricing, and quality standards.
- Develop and maintain relationships with key vendors.
- Procurement & Negotiation:
- Request and analyze quotations from multiple suppliers.
- Negotiate contracts, pricing, and terms to optimize costs and quality.
- Ensure compliance with procurement policies and industry regulations.
- Market & Data Analysis:
- Analyze procurement trends, pricing, and supplier performance.
- Identify cost-saving opportunities and recommend strategic sourcing initiatives.
- Prepare reports on key sourcing metrics and supplier evaluations.
- Process Improvement:
- Optimize procurement processes to enhance efficiency and reduce costs.
- Collaborate with cross-functional teams to improve sourcing strategies.
- Implement best practices in supplier management and procurement.
- Compliance & Risk Management:
- Ensure adherence to ethical sourcing practices and company policies.
- Identify and mitigate risks related to supplier performance and supply chain disruptions.
Who You Are
- Any Degree or Bachelor's degree in Supply Chain Management, Business Administration, Procurement, or a related field.
- 2+ years of experience in sourcing, procurement, or supply chain management.
- Strong negotiation and communication skills.
- Proficiency in data analysis and MS Excel / procurement software.
- Knowledge of market trends, supplier management, and cost analysis.
- Ability to work independently and manage multiple projects.
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