Product Sourcing Specalist - Mumbai, India - Pramara promotions Pvt Ltd
2 weeks ago
Description
Position Overview:
Key Responsibilities:
Supplier Identification and Evaluation:
Conduct research to identify potential suppliers and manufacturers that align with our product requirements and quality standards.
- Evaluate suppliers based on their reliability, pricing, product quality, production capacity, and ability to meet delivery deadlines.
- Build and maintain a database of approved suppliers and update it regularly.
Product Sourcing and Negotiation:
Collaborate with cross-functional teams to determine product specifications and sourcing needs.
- Source new products, components, and materials from domestic and international markets to optimize costs and diversify the supply chain.
- Negotiate pricing, terms, and contracts with suppliers to secure favourable agreements while ensuring long-term, mutually beneficial relationships.
Quality Control and Compliance:
Establish and implement quality control measures to ensure all procured products meet our company's standards and comply with relevant regulations.
- Conduct regular supplier audits and performance evaluations to monitor quality and identify areas for improvement.
Supply Chain Optimization:
Work closely with logistics and inventory teams to coordinate timely delivery of products and optimize supply chain processes.
- Monitor market trends and industry developments to identify potential risks and opportunities for improvement in the sourcing process.
Cost Analysis and Reporting:
Analyse costs, pricing structures, and market trends to identify opportunities for cost reduction and increased efficiency.
- Prepare regular reports on product sourcing metrics, supplier performance, and cost analysis for management review.
Qualifications and Skills:
- Bachelor's degree in Business Administration, Supply Chain Management, or a related field.
- Proven experience as a Product Sourcing Specialist or in a similar procurement role.
- Strong knowledge of supply chain management principles and best practices.
- Excellent negotiation, communication, and interpersonal skills.
- Ability to work independently and as part of a team in a fast-paced environment.
- Analytical mind-set with a focus on data-driven decision-making.
- Familiarity with sourcing products from international markets is a plus.
- Proficiency in using relevant software and tools for product sourcing and procurement
Salary:
₹35, ₹45,000.00 per month
Benefits:
- Provident Fund
Schedule:
- Day shift
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