Sourcing Executive

The Procurement Executive, also known as the Sourcing Executive, plays a crucial role in developing procurement strategies by monitoring inventory movement and determining inventory levels of products. This includes managing budgets, analyzing procurement data, assisting in supplier selection and negotiations, building ongoing vendor relationships, negotiating costs and terms, and implementing risk management practices. The scope of the sourcing executive role may vary depending on the organization's size and the goods it procures, but generally involves overseeing the complete sourcing, buying, and contracting process. Researching and evaluating potential vendors is a key responsibility of a sourcing executive to ensure the selection of trustworthy partners and suppliers. To excel in this role, one must possess excellent planning and organizational skills, along with strong negotiation, data analysis, and problem-solving abilities. By utilizing competitive vendor selection, negotiating favorable terms, and leveraging volume quantity discounts, a sourcing executive can contribute to cost reduction efforts within the organization. Moreover, a sourcing executive plays a vital role in risk mitigation by assessing potential risks associated with vendor performance, such as financial stability, delivery timelines, and product quality. This proactive approach helps in making informed, risk-free decisions that benefit the organization in the long run. Additionally, through data-driven analytics, a sourcing executive can streamline decision-making processes, saving both time and money for the organization. This is a full-time job opportunity located in Hosur, Tamil Nadu, with a remote work option available. The position offers benefits such as food provisions, health insurance, and Provident Fund. The work schedule is during the day shift, and performance bonuses as well as yearly bonuses are provided. The ideal candidate should have a total of 2 years of work experience in a relevant field to be considered for this role.,