Strategic Sourcing Specialist

Strategic Sourcing Specialist

Experience: 5+ yrs

Job Location: Pune

About the job

Job Overview: We are looking for a dynamic and detail-oriented Strategic Sourcing Lead to support global procurement and sourcing initiatives. This role will be responsible for developing and executing sourcing strategies, optimizing supplier relationships, and ensuring cost-effective procurement of components and materials while maintaining high quality and compliance standards. The Strategic Sourcing Lead will work closely with cross-functional teams, including engineering, supply chain, and manufacturing, to drive efficiency and innovation in sourcing activities.

Key Responsibilities

• Develop and implement strategic sourcing plans to optimize supply chain efficiency and cost savings.
• Identify, evaluate, and onboard new suppliers to enhance supplier network.
• Conduct market research and benchmarking to assess supplier capabilities, industry trends, and cost structures.
• Negotiate contracts, pricing, and terms with suppliers to ensure best-value procurement.
• Collaborate with internal stakeholders to align sourcing strategies with business objectives.
• Monitor supplier performance, ensuring compliance with quality, cost, and delivery expectations.
• Identify and mitigate supply chain risks to ensure business continuity.
• Support localization and sustainability initiatives to align with company goals.
• Maintain accurate sourcing data and reporting in ERP and procurement systems.

Requirements Qualifications & Requirements:

• Bachelors degree in supply chain management, Business Administration, Engineering, or a related field.
• Minimum 5 years of experience in strategic sourcing, procurement, or supply chain management, preferably in the automotive or manufacturing industry.
• Strong negotiation, analytical, and problem-solving skills.
• Experience in supplier evaluation, contract management, and cost analysis.
• Familiarity with global sourcing, procurement regulations, and compliance requirements.
• Ability to work in a fast-paced, cross-functional team environment.
• Proficiency in SAP ERP systems and Microsoft Office Suite.