Sourcing Head

Job Title:Corporate Sourcing Head (Sr. Manager - Sourcing)

Location:

Reporting To

Kindly Share your Cv – hr.corporate@jayprecision.com

Key Responsibilities:

1. Efficient Sourcing Strategy in view of the Global Clients

• Develop and implement a strategic sourcing framework aligned with the high standards of the esteemed clients of Jay Precision Group.
• Identify, evaluate, and onboard certified global and local suppliers for raw materials (plastics, packaging, electronics, paints, etc.).
• Ensure compliance with international safety and quality standards such as EN71, ASTM F963, RoHS, REACH, and other industry related regulations.
• Establish long-term partnerships with key suppliers to ensure cost efficiency, timely delivery, and quality assurance.
• Optimize sourcing strategies for plastic moulding, electronic components, paints & pigments, and child-safe materials.
• Implement dual-sourcing strategies to mitigate risks related to supply chain disruptions.
• Collaborate with design and product development teams to source materials that enhance product innovation and safety.
• Conduct benchmarking studies for global pricing trends in toy manufacturing raw materials.

2. Procurement & Cost Optimization

• Drive cost-saving initiatives through bulk purchasing, contract negotiations, and alternative sourcing.
• Develop supplier agreements that ensure price stability and flexible supply terms.
• Optimize imported vs. locally sourced materials for better cost control and lead time reduction.
• Implement value engineering initiatives to reduce material costs without compromising quality.

3. Inventory & Stores Management

• Ensure efficient inventory management through FIFO, LIFO, and Average Costing methods.
• Maintain optimum stock levels to avoid shortages while preventing excess inventory accumulation.
• Conduct regular stock audits, cycle counting, and physical verifications to ensure inventory accuracy.
• Implement lean warehousing and automation solutions to improve space utilization and retrieval efficiency.
• Manage scrap, surplus, and obsolete inventory through effective disposal and recycling programs.

4. Compliance & Quality Assurance

• Ensure all procured materials meet the safety regulations and compliance requirements of our esteemed International Clients.
• Work closely with quality and regulatory teams to conduct supplier audits and inspections.
• Maintain and update supplier documentation for compliance audits from global clients.
• Implement sustainability initiatives in procurement, such as sourcing eco-friendly and recyclable materials.

5. Supplier Relationship Management & Risk Mitigation

• Develop and manage a supplier performance tracking system based on quality, delivery, and cost efficiency.
• Establish a vendor rating system to improve accountability and supplier reliability.
• Build strong relationships with strategic suppliers to ensure business continuity and mitigate risks related to global supply chain disruptions.
• Ensure alternative sourcing plans are in place for critical materials to prevent production delays.

  Role & responsibilities

Preferred candidate profile