We are looking for a proactive and detail-oriented Product Sourcing Manager with Hand on experience to identify, evaluate, and manage suppliers for sourcing products and raw materials. The ideal candidate will have strong negotiation skills, knowledge of procurement processes, and the ability to build long-term supplier relationships while ensuring cost, quality, and delivery objectives are met.
Key Responsibilities
- Identify, evaluate, and onboard new domestic and international suppliers.
- Source products based on quality, cost, delivery timelines, and business requirements.
- Negotiate pricing, payment terms, contracts, and delivery schedules with vendors.
- Develop and maintain strong supplier relationships.
- Obtain and evaluate product samples before finalizing suppliers.
- Coordinate with Product Development, Sales, Quality, and Logistics teams for sourcing requirements.
- Monitor supplier performance on quality, cost, and delivery.
- Ensure products comply with company quality standards and regulatory requirements.
- Prepare purchase comparisons, cost analyses, and supplier evaluation reports.
- Monitor market trends, raw material pricing, and competitor sourcing strategies.
- Resolve supplier-related issues, including delays, quality concerns, and shortages.
- Maintain accurate sourcing documentation, contracts, and vendor databases.
- Support new product development and product launch activities.
- Identify opportunities for cost savings and process improvements.
Key Result Areas (KRAs)
- Supplier Identification & Development
- Cost Optimization & Price Negotiation
- Vendor Relationship Management
- Product Quality Assurance
- On-Time Procurement & Delivery
- New Product Sourcing
- Supply Risk Management
- Cross-functional Coordination
- Documentation & Compliance
Key Performance Indicators (KPIs)
- Achieve 5–10% annual cost savings through strategic sourcing.
- Maintain 95% or higher on-time supplier delivery.
- Reduce sourcing lead time by 10–15%.
- Onboard 5–10 qualified suppliers annually.
- Maintain supplier quality acceptance rate of 98% or higher.
- Complete sourcing for new product launches within project timelines.
- Ensure 100% documentation and contract compliance.
- Resolve supplier issues within agreed service levels.
Pay: ₹15,000.00 - ₹35,000.00 per month
Work Location: In person
