We are looking for a dynamic and proactive Sourcing Executive to identify, evaluate, and develop suppliers for quality products and services at the most competitive prices. The candidate will play a key role in reducing procurement costs while maintaining quality and delivery standards.
Identify and evaluate new suppliers through online research, trade platforms, exhibitions, and referrals
Compare vendor quotations based on price, quality, and delivery capabilities
Build and maintain strong relationships with domestic and international suppliers
Negotiate prices, payment terms, and contracts
Maintain and update supplier database
Coordinate with the purchase and production teams to understand sourcing requirements
Monitor market trends, price fluctuations, and new product availability
Develop alternative sourcing strategies to avoid single-source dependency
Ensure suppliers meet quality and compliance standards
Track and report cost-saving opportunities from alternate sourcing
Strong sourcing and negotiation skills
Knowledge of raw materials, components, or category-specific products
Experience with supplier evaluation and vendor development
Proficiency in MS Excel, Google Sheets, and ERP/Tally systems
Strong communication and documentation skills
Ability to work under tight deadlines and multitask