Sourcing Specialist
About the Company
We are global talent research, insight and pipelining specialists with offices in the UK, USA, Singapore, Malaysia, Hong Kong, Dubai, and India. Our international reach has helped us to understand and penetrate specialist markets at a global level. In addition to this, our service is also extended to complement our client’s in-house research.
Our Client operates in the Automotive Industry, with its headquarters rooted strongly in India. It has its branches spread to more than 100 countries, providing employment to more than 2,50,000 people all over the world. They fall in the Fortune India 500 List. Their core business is manufacturing motor vehicles. They operate in 15+ key industries, making significant contributions to the world economy.
Responsibilities
As a Sourcing Specialist, you will be responsible for sourcing supplies and maintaining long-lasting relationships with them as well as our existing suppliers. Key responsibilities include:
- Implementing inventory optimization strategies within the company
- Obtaining quotes from different suppliers
- Negotiating price, quantity, and delivery schedules with suppliers
- Working with legal counsel to ensure that all contracts relating to product procurement contain all details of the negotiation
- Assessing quotes and compiling a detailed assessment of cost breakdowns
- Generating quote comparisons and contributing to internal supplier selection based on the quotes
- Providing solutions to improve company spending and outsourcing
Additionally, you will be responsible for building relationships with suppliers, negotiating deals, and drafting contracts. This includes:
- Forming relationships with important suppliers in the industry
- Maintaining relationships with their suppliers to ensure continual improvement in sourcing
- Negotiating deals and contracts with suppliers, including pricing, quantity, and delivery schedules
- Drafting detailed contracts to be reviewed by both the company and the supplier
Requirements
To be successful in this role, you should have:
- 3-4 years of relevant experience and a Bachelor's degree in administration, logistics, supply chain or related field
- Proven experience in the sourcing process
- Proficiency in Microsoft Word, PowerPoint, Excel, and Outlook
- A thorough understanding of sourcing methodologies
- Strong negotiation skills
- Sound time-management and organizational skills