Sourcing Manager

Position Summary

The Sourcing Manager with 10-13 years of experience responsible for developing and implementing strategic sourcing initiatives to meet the company's procurement requirements while optimizing costs, ensuring quality, and maintaining a reliable supply chain. The role involves supplier management, contract negotiations, cost analysis, risk mitigation, and continuous improvement of sourcing processes.

Key Responsibilities

Strategic Sourcing & Procurement

- Develop and implement sourcing strategies to meet organizational procurement needs while optimizing costs and maintaining quality standards.
- Manage the company's supply portfolio and ensure transparency of spending.
- Generate and implement efficient sourcing and category management strategies.
- Optimize sourcing procedures to achieve maximum efficiency and effectiveness.
- Analyze procurement costs and identify opportunities to reduce expenditure.
- Perform cost analysis, scenario analysis, and benchmarking activities.

Supplier Management

- Evaluate and develop new suppliers. Visit production facilities and do capability checks where needed.
- Build sourcing strategies for our key fastener categories, balancing cost, quality, and supply security.
- Lead price negotiations and frame agreements with key suppliers, securing good payment terms and MOQs.
- Track suppliers performance (on-time delivery, quality, cost, responsiveness).
- Reduce supply risk by developing multiple sourcing channels, and keep an eye on raw material prices and logistics risks that could affect supply.

Sales Support

- Work with Sales on customer bids, provide fast, accurate sourcing quotes and alert any delivery or feasibility risks.
- Use your supplier relationships and market knowledge to help Sales put together competitive bids that protect our margin.

Purchasing Operations

- Work with suppliers on pricing, lead times, MOQs, and delivery schedules.
- Keep an eye on stock levels and work with Sales and Warehouse to balance having enough inventory without overstocking.




- Handle quality and delivery problems as they come upbe the first-person to suppliers call when something goes wrong, and make sure issues get fixed properly.

Sustainability & Compliance

- Promote sustainability initiatives and actively communicate the company's sustainable value proposition to suppliers.
- Train and guide suppliers on our sustainability requirements. Help suppliers understand Bufab requirements and support suppliers gradually meet our standards over time.
- Check supplier practices against our sustainability checklist during visits and audits. Track their progress and follow up on gaps.

Health, Safety & Quality

- Maintain awareness of and comply with Occupational Health & Safety requirements in accordance with ISO 45001 standards.
- Actively participate in workplace health and safety programs, including training, audits, and documentation activities.

Preferred candidate profile

Education & Qualifications

- Bachelor's Degree in Mechanical Engineering, Electrical Engineering, Supply Chain Management, or a related field.
- Background in Trading Environment/Fastener or General Hardware Multi Variety components would be an added advantage
- 8–15 years of relevant sourcing, procurement, or supply chain experience, preferably in a multinational organization.
- Solid command of written and spoken English.
- Proficiency in Microsoft Office applications (Excel, Word, PowerPoint) and ERP systems.

Skills & Competencies

- Strong negotiation and contract management skills.
- Proficiency in procurement tools, ERP systems, and data analysis.
- Strong analytical and problem-solving skills with attention to detail.
- Solid understanding of procurement and supply chain management principles.
- Ability to manage multiple projects and priorities in a fast-paced environment.
- Excellent communication and interpersonal skills.
- Strong organizational and decision-making capabilities.
- Ability to work independently and collaboratively across functions.

Benefits:

- Health insurance
- Leave encashment
- Provident Fund

Work Location: In person

📌 Sourcing Manager (India)
🏢 Bufab India Fasteners
📍 India