Assistant Sourcing Manager

Detailed Responsibilities:

Planning
 Plan and forecast demand in collaboration with sales and production teams to ensure
adequate stock levels.
 Develop SKU wise sourcing plan to facilitate agreed business plans.
 Develop quality standards for sourced products to meet the quality standards of the end
products.
 Develop finance friendly payable policy.
 Build and maintain a diversified supplier base to reduce dependency risks.
 Develop optimal sourcing strategy based on seasonality and location for respective
products and material.
 Conduct market research to track commodity price trends and mitigate risk.
 Align procurement strategies with sustainability and corporate social responsibility goals.
 Develop sourcing plan for ABPs.
 Plan profit / cost center budgets for the department.

Execution
 Source and negotiate contracts with suppliers.
 Ensure timely procurement and delivery by coordinating with suppliers and logistics
providers.
 Maintain efficient stock levels.
 Oversee vendor performance, resolving issues related to quality, quantity, or delivery
delays.
 Implement cost-saving measures through effective negotiation, efficient procurement
practices and adequate payable management.
 Ensure compliance with regulatory and quality standards in all sourcing activities.
 Collaborate with production and sales teams to address inventory and supply
challenges.
 Ensure adequate utilization of available tech tools [Utilize ERP systems (e.g., SAP,
Oracle) and reporting tools (e.g., Power BI, Tableau) to generate actionable insights.] in
the operation of the department.
 Manage profit / cost center efficiently.
Manage sourcing team.

Reporting
 Periodic Budget vs Actual sourcing report.
 Quality inspection report.
 Present periodic reports to top management on sourcing performance, risk
assessments, and market conditions.
 Check and validate Inventory movement report, space allocation report
 Provide data-driven insights for continuous improvement initiatives.