Job Description Summary

Job Description

Job Description for Lead Sourcing Specialist

• Develop and implement sourcing strategies to meet the business sourcing objectives.

• Identify potential suppliers and conduct thorough evaluations to assess their capabilities, reliability, and quality standards.

• Negotiate contracts, terms, and conditions with suppliers to secure favourable pricing, payment terms, and service level agreements.

• Continuously monitor and evaluate supplier performance, ensuring timely delivery of goods and services while maintaining quality standards.

• Collaborate closely with internal departments to understand their sourcing needs, specifications, and requirements.

• Conduct market research to identify emerging trends, new suppliers, and cost-saving opportunities.

• Build and maintain strong relationships with key suppliers, fostering partnerships based on trust, reliability, and mutual benefits.

• Lead supplier audits and evaluations to ensure compliance with ethical standards, legal regulations, and industry best practices.

• Regularly review and analyse sourcing data and metrics to identify areas for improvement and implement corrective actions.

• Stay updated on industry trends, market conditions, and changes in regulations that may impact sourcing strategies.

Sourcing manager required skills

• Strong negotiation and contract management skills.

• Excellent analytical and problem-solving abilities.

• Exceptional communication and interpersonal skills.

• Proficient in using sourcing software and tools.

• Knowledge of procurement best practices and supply chain management principles.

• Ability to work in a fast-paced and dynamic environment, managing multiple priorities simultaneously.

• Strong attention to detail and accuracy.

• Proficient in data analysis and reporting.

• Ability to collaborate effectively with cross-functional teams.

• Strong leadership and team management skills.

Required qualifications

• Bachelor's degree in Mechanical or Electrical Engineering, business administration, or a related field is an additional advantage.

• 12–14 years Proven experience in sourcing domain.

• In-depth knowledge of sourcing strategies, supplier management, and procurement processes.

• Strong understanding of contract laws, regulations, and compliance requirements.

• Proficient in using procurement software and tools.

• Excellent negotiation and relationship management skills.

• Familiarity with industry-specific regulations and standards.

• Strong organizational and time management skills.

• Professional certification such as Certified Professional in Supply Management (CPSM) or Certified Purchasing Manager (CPM) is a plus.

• Experience in the power transformer industry or sector relevant to the company's operations is preferred.

Additional Information