Lead Sourcing Specialist

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.
  
  

• 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.
  
  

• Bachelors 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 companys operations is preferred.