Sourcing Manager ( New Product )

The Sourcing Manager is responsible for identifying, evaluating, and managing vendors and suppliers to source quality materials and finished products at competitive prices. The role ensures timely procurement aligned with production and sales demands while maintaining quality, cost-efficiency, and compliance.

Skills required:

• Vendor Negotiation and Management.
• Supply Chain & Logistics Coordination.
• Cost Analysis and Benchmarking.
• Knowledge of plastic/raw materials and houseware products.
• Strong communication and interpersonal skills.
• Working knowledge of ERP (SAP/Bizom/Spine or equivalent) will add advantage

Key responsibilities:

Sourcing and Vendor Development

• Identify and onboard new vendors/suppliers for raw materials, components, and finished goods in the houseware category.
• Evaluate vendor capabilities, capacities, and compliance with quality standards.
• Negotiate prices, credit terms, and delivery schedules.
• Build long-term relationships with key suppliers.
• Ensure vendor adherence to company policies and ethical practices.

Logistics Coordination

• Coordinate with vendors and internal logistics for smooth inbound and outbound movement of materials and products.
• Ensure timely dispatch of materials to factories or warehouses.
• Track shipments and resolve transportation-related issues.
• Work closely with the logistics team to optimize costs and reduce lead times.
• Ensure documentation (POs, invoices, GRN, delivery notes) is accurate and complete.

Cost Optimization & Analysis

• Conduct market research to track price trends and benchmark sourcing costs.
• Recommend cost-saving strategies, including alternate sourcing or volume deals.
• Prepare and analyze cost sheets and supplier comparison charts.

Quality & Compliance

• Coordinate with the QC team to ensure received materials meet quality standards.
• Support supplier audits and assessments.
• Ensure all sourced goods comply with relevant regulatory and safety standards.

Cross-functional Collaboration

• Work closely with Production, Inventory, Purchase, Sales, and New Product Development teams.
• Provide sourcing support for product launches and development projects.
• Share regular updates on vendor performance, delivery timelines, and material availability.

MIS & Reporting

• Maintain accurate sourcing and vendor master data.
• Generate reports on sourcing activities, cost savings, vendor performance, and timelines.
• Report delays or risks in procurement to management proactively.