We are seeking an experienced Product Sourcing Executive with the years of experience to manage end-to-end product sourcing activities. The ideal candidate will be responsible for identifying and developing suppliers, negotiating commercial terms, ensuring product quality, optimizing procurement costs, and coordinating with cross-functional teams to support business objectives. The candidate should possess strong analytical, negotiation, and vendor management skills.
Key Responsibilities
Identify, evaluate, and onboard reliable domestic and international suppliers.
Source products and materials based on quality, cost, delivery timelines, and business requirements.
Negotiate pricing, payment terms, contracts, and delivery schedules with suppliers.
Conduct supplier evaluations, audits, and performance reviews.
Develop and maintain long-term relationships with strategic vendors.
Obtain product quotations, samples, and technical specifications for evaluation.
Coordinate with Product Development, Sales, Quality Assurance, and Logistics teams to meet sourcing requirements.
Monitor supplier performance, including quality, delivery, responsiveness, and cost competitiveness.
Ensure compliance with company standards, contractual obligations, and regulatory requirements.
Analyze market trends, pricing fluctuations, and supplier capabilities to identify cost-saving opportunities.
Resolve supplier-related issues such as quality concerns, delivery delays, and supply shortages.
Support new product development (NPD) and product launch projects through timely sourcing.
Prepare sourcing reports, vendor comparisons, cost analyses, and procurement dashboards.
Maintain supplier databases, contracts, purchase records, and sourcing documentation.