Sourcing Manager

A Sourcing Manager identifies, evaluates, and manages suppliers to optimize cost, quality, and efficiency in sourcing materials and services. They build a sustainable and cost-effective supply chain while ensuring compliance with Indian procurement regulations.

Why Hire a Sourcing Manager?

• A Sourcing Manager identifies high-quality suppliers, negotiates favorable terms, and manages supplier performance.
• They help the organization stay competitive by ensuring a steady, cost-effective supply of high-quality materials or services.

Job Description Template

We are looking for a Sourcing Manager to join the organization and contribute to the logistics operations. You will oversee all sourcing activities, from supplier selection to contract management, with a focus on cost efficiency, quality, and compliance. 

This role requires a thorough understanding of the local market landscape, Indian procurement regulations, and the importance of strong supplier partnerships. You will be working with cross-functional teams to meet organizational sourcing objectives.

Ultimately, you will enhance the organization’s procurement strategy, leading to significant cost savings and improved supplier relationships.

Responsibilities

• Develop and implement sourcing strategies that align with company goals and drive cost savings.
• Identify, evaluate, and qualify suppliers based on cost, quality, and delivery performance.
• Negotiate contracts and pricing with suppliers to secure favorable terms and mitigate risks.
• Establish performance metrics for suppliers and conduct regular evaluations.
• Collaborate with internal departments to understand material and service requirements.
• Maintain up-to-date knowledge of market trends, pricing shifts, and supply risks.
• Ensure compliance with local procurement regulations, including quality and safety standards.
• Manage relationships with key suppliers to build strong, long-term partnerships.
• Monitor and report on sourcing performance metrics to identify areas for improvement.
• Develop contingency plans to manage supply disruptions effectively.

Qualifications

• Bachelor’s degree in Supply Chain Management, Business, Engineering, or a related field; an MBA or professional certifications (e.g., CPSM, CSCP) are a plus.
• 5+ years of experience in sourcing, procurement, or supply chain management.
• Strong negotiation skills and knowledge of contract management.
• Familiarity with Indian procurement laws and quality standards.
• Proficiency in sourcing and procurement software (e.g., SAP, Oracle).
• Excellent analytical skills with a data-driven approach to decision-making.
• Strong interpersonal and communication skills in vendor relationship management.
• Ability to handle complex supplier negotiations and manage multiple sourcing projects.

Key Skills:

• Supplier Evaluation and Selection
• Cost Analysis and Negotiation
• Vendor Relationship Management
• Regulatory Compliance (India)
• Market Research and Analysis
• Procurement Software Proficiency (e.g., SAP)
• Risk Assessment and Management
• Contract Management
• Strategic Sourcing

Tips for Recruiters

• Seek candidates with a strong understanding of Indian procurement regulations, as compliance is essential in this role.
• Look for applicants who have achieved measurable cost savings in previous roles, as this is a key objective in sourcing.
• Assess candidates’ negotiation and contract management skills, as these are critical for securing favorable terms.
• Consider candidates with experience in specific industries (e.g., manufacturing, FMCG) if industry knowledge is valuable for the role.

Key Points to Mention About Your Organization

• Highlight any unique procurement practices, tools, or software your organization uses.
• Emphasize any opportunities for growth in procurement and sourcing roles, as this can attract ambitious professionals.
• If the company prioritizes sustainable or ethical sourcing, mention this to appeal to candidates who value responsible procurement.

Keywords For Recruiters:

• Supplier Selection
• Strategic Sourcing
• Cost Reduction
• Supplier Evaluation Metrics
• ERP/Sourcing Software (e.g., SAP, Oracle)
• Negotiation and Contracting
• Compliance with Procurement Standards
• Supplier Risk Management