Associate - Sourcing [Accessories]

The Souled Store; Mumbai Suburban; On-site; INR 800,000 - 1,200,000; Full time

Job summary

A fast-growing retail brand in Mumbai is seeking a sourcing associate to oversee strategic sourcing activities. The role involves developing sourcing strategies, managing supplier relationships, and ensuring cost-effective procurement. Candidates should have a background in supply chain management, strong analytical skills, and problem-solving abilities. This position offers a full-time contract and a dynamic work environment.

Qualifications

• 1-3 years of experience in sourcing or procurement, with at least 5-7 years in a managerial role.
• Proven track record of successful sourcing strategies.
• Strong supplier relationship management skills.

Responsibilities

• Identify and evaluate potential suppliers and market research.
• Create and manage a preferred supplier list.
• Negotiate contracts and pricing with suppliers.

Skills

Negotiation skills

Analytical skills

Problem-solving attitude

Education

Bachelor’s degree in Supply Chain Management or related field

MBA or relevant certification (e.g., CPSM, CIPS)

Job description

Overview

The Souled Store is a homegrown youth casual-wear brand started in 2013. We are one of India’s largest online merchandising platforms with licenses like Disney, Warner Bros; WWE, IPL, Viacom18 to name a few. Apart from selling products with themed designs such as superheroes, movies, TV shows, and cartoons, the brand also is at the forefront of the latest youth style and fashion trends. In addition to core men and women wear apparel categories, we have also expanded to new categories and introduced new product lines like activewear, supima products, innerwear, personal care products like perfumes etc. We have also launched footwear and kidswear recently. Although we are primarily an online brand, we’ve expanded in the offline retail space as well and have stores pan India. The Souled Store was born out of the idea of loving what you do, from the soul. We believe that people do their best work when they love what they do. Over the years, we have built a strong team of like-minded people that work smart, own their work, and think like leaders. If you identify with what we do and are interested in being a part of an aggressively growing brand, we would love to have you on Board!

Team Summary :

You will be overseeing the strategic sourcing activities within the organization. This role involves developing and implementing sourcing strategies, managing supplier relationships, ensuring cost-effective procurement, and driving continuous improvement in the sourcing process. You will work closely with cross-functional teams to ensure the procurement of high-quality goods and services that meet the company's requirements.

Responsibilities

• Identify and evaluate potential suppliers, conduct market research, and stay abreast of industry trends.
• Create and manage a preferred supplier list based on performance metrics and company requirements.
• Establish and maintain strong relationships with key suppliers to ensure continuity of supply and adherence to quality standards.
• Conduct regular supplier performance reviews and audits, and implement improvement plans as necessary.
• Negotiate contracts, terms, and pricing with suppliers to achieve the best value for the company.
• Ensure the timely and accurate processing of purchase orders, invoices, and other procurement documentation.
• Develop and manage the sourcing budget, identifying opportunities for cost savings and efficiency improvements.
• Having fair knowledge of the selected category
• Willing to travel and explore new fabric, vendor facilities and production parameters.
• Must have good analytical skills to observe key gaps in order flow and production metrics.
• Must have a problem solving attitude with respect to product development, quality and production challenges.

Qualifications

• Bachelor’s degree in Supply Chain Management, Business Administration, or a related field. MBA or relevant certification (e.g., CPSM, CIPS) preferred.
• Minimum of 1-3 years of experience in sourcing or procurement, with at least 5-7 years in a managerial role.
• Proven track record of developing and implementing successful sourcing strategies.
• Strong negotiation, contract management, and supplier relationship management skills.
• Excellent analytical and problem-solving abilities, with a keen attention to detail.

Seniority level

• Associate

Employment type

• Full-time

Job function

• Supply Chain

Industries

• Retail Apparel and Fashion