Lead Sourcing Specialist

About the job

Job Description Summary Negotiate with dedicated providers according to specific policies. Achieve the best contractual conditions while also ensuring internal customer satisfaction. In-depth understanding of key business drivers; uses this understanding to accomplish own work. In-depth understanding of how work of own team integrates with other teams and contributes to the area. Roles And Responsibilities • Sourcing Strategy Development: Develop and implement sourcing strategies aligned with current & new product development goals, considering factors such as cost, quality, availability, and supplier capabilities. • Supplier Identification: Identify and qualify suppliers capable of meeting the requirements of current & new product introductions. Conduct assessments to evaluate suppliers' capabilities, quality systems, and capacity. • Negotiation and Contracting: Lead negotiations with suppliers to secure favorable terms and conditions for materials and services required for new product introductions. Draft and execute contracts to formalize agreements with selected suppliers. • Cost Management: Drive cost management initiatives to optimize total landed cost and achieve cost reduction targets for new products. • Supplier Relationship Management: Build and maintain strong relationships with key suppliers to ensure alignment with business objectives and promote collaboration for continuous improvement. • Risk Management: Proactively identify and mitigate risks related to sourcing, supply chain disruptions, and supplier performance that could impact new product introductions. • Project Management: Coordinate cross-functional activities and timelines related to sourcing and procurement to support the successful launch of new products. • Continuous Improvement: Use of Flight Deck to drive continuous improvement initiatives within the sourcing function to enhance efficiency, reduce lead times, and improve overall performance. Build strategies to establish suppliers relations globally and in the region, increase deflation by negotiating with suppliers year on year, localizing parts or BCC sourcing with reduced lead time, best pay plus other terms & VMIs etc. Ideal Candidate Candidates with the good exposure into Strategic Sourcing experience, Costing, Long Term Agreement Experience, Negotiation Skills and Fluent Communication.