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Sourcing Lead

  • Job
    Full-time
    Senior & Expert Level
  • Logistics
    Product
  • Delhi

AI generated summary

  • You must have expertise in strategic sourcing, fabric procurement, negotiation, market research, and stakeholder communication with a focus on retail trends and vendor relationship management.
  • You will develop sourcing strategies, manage vendor relationships, negotiate contracts, conduct market research, monitor performance, ensure compliance, and explore innovative sourcing solutions.

Requirements

  • Proven expertise in strategic sourcing and vendor management with a strong track record in optimizing supply chain efficiencies.
  • Demonstrated experience in fabric sourcing, ensuring high-quality material procurement. (Mandatory skill)
  • Exceptional skills in negotiation, leveraging market understanding to secure cost-effective procurement deals.
  • Strong analytical skills with a robust capability in conducting market research to identify sourcing opportunities and strategies.
  • Excellent communication skills, essential for managing relationships with stakeholders across the supply chain.
  • Familiarity with the latest retail trends and a keen insight into market dynamics that can impact sourcing strategies.
  • Ability to develop and maintain productive vendor relationships to foster long-term partnerships and collaborations.
  • Proficiency in using sourcing and procurement software tools to streamline operations and data management.

Responsibilities

  • Develop and implement a strategic sourcing framework that enhances Reliance Retail's supply chain competitive advantage.
  • Manage vendor relationships, ensuring alignment with the company's quality, cost, and delivery standards.
  • Lead negotiations with suppliers to secure favorable terms and drive cost efficiency across the sourcing process.
  • Conduct thorough market research to understand industry trends and identify potential sourcing opportunities.
  • Collaborate with cross-functional teams to align sourcing strategies with business objectives and operational requirements.
  • Monitor and review vendor performance, implementing corrective actions as necessary to maintain service quality.
  • Ensure compliance with procurement policies and procedures to uphold company standards and reduce risks.
  • Continuously explore innovative sourcing solutions to adapt to changing market conditions and consumer needs.

FAQs

What is the primary focus of the Sourcing Lead role at Reliance Retail?

The primary focus of the Sourcing Lead role is on strategic sourcing and vendor management, particularly with expertise in fabric sourcing.

What qualifications are necessary for the Sourcing Lead position?

Candidates must have proven expertise in strategic sourcing and vendor management, demonstrated experience in fabric sourcing, exceptional negotiation skills, strong analytical abilities, and excellent communication skills.

Is experience in fabric sourcing mandatory for this role?

Yes, experience in fabric sourcing is a mandatory skill for this position.

Where is the Sourcing Lead position located?

The Sourcing Lead position is located in Delhi on a full-time basis.

What are the key responsibilities of the Sourcing Lead?

Key responsibilities include developing a strategic sourcing framework, managing vendor relationships, leading negotiations, conducting market research, collaborating with cross-functional teams, monitoring vendor performance, and ensuring compliance with procurement policies.

What skills are important for conducting market research in this role?

Strong analytical skills and the ability to identify sourcing opportunities and strategies based on market dynamics are important for conducting market research in this role.

How does the company ensure compliance and reduce risks in procurement?

The company ensures compliance with procurement policies and procedures to uphold standards and mitigate risks.

What importance do vendor relationships hold in this role?

Developing and maintaining productive vendor relationships is crucial to foster long-term partnerships and collaborations, ensuring alignment with the company's quality, cost, and delivery standards.

Are there opportunities to innovate sourcing solutions in this role?

Yes, the role involves continuously exploring innovative sourcing solutions to adapt to changing market conditions and consumer needs.

What tools or software proficiency is expected for the Sourcing Lead?

Proficiency in using sourcing and procurement software tools to streamline operations and data management is expected for the Sourcing Lead.

2006

Retail & Consumer Goods
Industry
10,001+
Employees

Mission & Purpose

Reliance Retail is a leading retail company in India, focused on providing a diverse range of products and services across various sectors, including grocery, electronics, apparel, and more. Their ultimate mission is to enhance the shopping experience for customers by offering quality products at competitive prices, while also fostering economic growth and job creation. Reliance Retail aims to serve the evolving needs of consumers through innovative retail formats and technologies, ultimately striving to become the preferred shopping destination for millions of customers across the country.