Sourcing Specialist

JTSi Technologies India is looking for Sourcing Specialist to join our dynamic team and embark on a rewarding career journey.
A Sourcing Specialist is a professional responsible for identifying, evaluating, and selecting suppliers or vendors for an organization. Their primary goal is to find the best suppliers who can provide high - quality products or services at competitive prices. Sourcing Specialists play a crucial role in ensuring that the organization's supply chain is efficient, cost - effective, and meets the company's needs. The responsibilities of a Sourcing Specialist may include : Supplier Identification : Researching and identifying potential suppliers or vendors based on the organization's requirements and criteria. Supplier Evaluation : Assessing suppliers based on factors such as quality, reliability, pricing, delivery capabilities, financial stability, and compliance with industry standards. Negotiation : Engaging in negotiations with suppliers to secure favorable terms and conditions, including pricing, payment terms, delivery schedules, and service levels. Supplier Relationship Management : Building and maintaining relationships with suppliers to ensure ongoing collaboration, address any issues or concerns, and explore opportunities for improvement. Contract Management : Drafting and managing contracts and agreements with suppliers, including terms and conditions, performance metrics, and service level agreements. Market Research : Keeping abreast of market trends, industry developments, and emerging suppliers to identify potential opportunities for cost savings or process improvements. Risk Assessment : Assessing and managing risks associated with suppliers, such as supply chain disruptions, quality issues, or regulatory compliance. Cost Analysis : Conducting cost analysis and price benchmarking to optimize procurement decisions and achieve cost savings.