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
