Sourcing Specialist

Job Location - Vidyavihar, Mumbai

JOB DESCRIPTION

Understand Agro Commodity, demand and food safety requirements and its implications on sourcing

Understand and build category cost models

Research and analyses market intelligence data for trends in commodity prices which could directly impact category spend

Share of business planning and monitoring

Driving purchasing decisions based on cost and scenario analysis, as well as market trends.

Negotiating contracts with key suppliers, including costs and terms of supply, service, and quality

Collaborating with the procurement department to identify and pursue new supplier opportunities

Conducting market research, as well as creating cost estimates and forecasts

Estimating risks and applying risk minimizing techniques, as well as negotiating contracts that comply with industry regulations

Maintaining strategic sourcing relationships and developing strong partnerships

Effectively communicate with internal and external stakeholders

Implement procurement strategy and policies

Annual Budgeting and Planning

Manage inflation as per budgeted / targeted levels

Closely work with planning and purchase team to ensure on time in full availability of material

Build strong relationship with suppliers for long term competitive advantage

Identify value engineering initiatives for cost optimization

Generate MIS on sourcing performance against budget on monthly basis