Sourcing Executive

Job Title:

Job Summary:

developing and implementing sourcing strategies

Key Responsibilities:

• Supplier Management:

  Identify, evaluate, and select suppliers to meet quality and cost objectives. Develop and maintain strong supplier relationships.

• Strategic Sourcing:

  Adopt a proactive procurement approach, optimizing supplier relationships to maximize overall value rather than just minimizing costs.

• Negotiation:

  Negotiate pricing, delivery schedules, and payment terms with suppliers.

• Contract Management:

  Draft, review, and manage contracts and agreements with suppliers.

• Cost Reduction:

  Implement cost-saving initiatives and strategies without compromising quality.

• Market Analysis:

  Conduct market research and analysis to stay informed on industry trends, supplier capabilities, and competitive pricing.

• Quality Assurance:

  Work with the quality assurance team to ensure that sourced materials and services meet required standards and specifications.

• Risk Management:

  Identify and mitigate supply chain risks to ensure continuity and reliability.

• Data Management:

  Maintain accurate records of supplier performance, pricing, and contracts. Utilize ERP systems for data tracking and analysis.

• Cross-Functional Collaboration:

  Work closely with production, engineering, and finance teams to align sourcing strategies with business needs.

• Travel:

  Willingness to travel for supplier visits, industry conferences, and business meetings.

Qualifications:

Education:

• Engineering/Diploma in

  Mechanical, Electrical, or Electronics

Experience:

• Minimum

  2-5 years

  of experience in

  strategic sourcing and procurement

Knowledge Requirements:

• Mechanical Sourcing:

  Understanding of mechanical components, systems, and sourcing best practices.

• Electrical Sourcing:

  Understanding of electrical components, systems, and sourcing best practices.

• Manufacturing Processes:

  Knowledge of injection molding, stamping, machining, and surface treatment processes like painting, plating, powder coating.

• Packaging:

  Familiarity with corrugated boxes, printed boxes, pouches, etc.

• Cost Reduction Techniques:

  Proficiency in various cost optimization tools and techniques.

• New Product Development:

  Experience in sourcing for NPD initiatives.

Preferred Background:

• Candidates with experience in

  Wiring Devices & Accessories

  or

  Switchgear

  are preferred.
• Product awareness of

  Switches, Sockets, Accessories, MCBs, and Machined Components

  .

Skills Required:

• Strong

  negotiation and contract management

  skills.
• Excellent

  analytical and problem-solving

  abilities.
• Proficient in

  ERP systems and Microsoft Office (Excel, Word, PowerPoint)

  .
• Effective

  communication and interpersonal

  skills.
• Ability to work in a

  fast-paced, dynamic environment

  .
• Strong

  organizational skills and attention to detail

  .