Procurement and Sourcing Specialist
The Procurement and Sourcing Specialist is responsible for managing the procurement process, ensuring that goods and services are acquired at the best value, quality, and terms, while maintaining compliance with organizational policies. The role includes sourcing suppliers, negotiating contracts, and collaborating with internal departments to meet the organization's needs.
Key Responsibilities:
Sourcing & Supplier Management:
- Identify and evaluate potential suppliers and manufacturers through market research and industry analysis.
- Establish and maintain relationships with key suppliers and vendors, ensuring quality, cost-effectiveness, and timely delivery of goods/services.
- Negotiate pricing, terms, and contracts with suppliers, ensuring alignment with company goals and budget.
- Monitor supplier performance and manage ongoing supplier relationships.

Procurement Strategy & Process:
- Develop and implement sourcing strategies to meet business requirements and optimize procurement activities.




- Collaborate with internal stakeholders to understand procurement needs and ensure timely fulfilment.
- Maintain a balanced inventory of materials, services, and products to avoid stockouts or excessive inventory.
- Ensure compliance with procurement policies and ethical sourcing practices.

Contract Management:
- Draft and manage contracts, ensuring clarity on terms, pricing, delivery schedules, and warranties.
- Oversee the renewal, amendment, and termination of contracts as necessary.
- Ensure contracts are compliant with legal and regulatory requirements.

Budget & Cost Control:
- Support budget creation by providing accurate procurement forecasts and projections.
- Monitor expenditures and implement cost-saving measures where possible, without compromising quality.
- Identify opportunities for process improvements and cost efficiencies.
- Own and deliver measurable cost savings and value realization targets aligned with company fin

📌 Procurement and Sourcing Specialist (Chennai)
🏢 Qube Cinema
📍 Chennai