Procurement and Sourcing Specialist

Qube Cinema; Chennai District; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

Qube Cinema in Chennai is seeking a Procurement and Sourcing Specialist to manage the procurement process, ensuring the acquisition of goods and services at optimal value and quality. Responsibilities include sourcing suppliers, negotiating contracts, and collaborating with departments to fulfill organizational needs. The ideal candidate should have a bachelor’s degree in a related field, a minimum of 10 years of experience in procurement, and strong negotiation and communication skills. A competitive salary package will be offered.

Qualifications

• Minimum 10 years of experience in procurement, sourcing, or supply chain management.
• Master’s degree is a plus.
• Experience with procurement software and IT hardware.

Responsibilities

• Manage procurement process, ensuring compliance with organizational policies.
• Identify and evaluate potential suppliers through market research.
• Negotiate contracts to align with company goals.
• Monitor supplier performance and manage relationships.
• Develop and implement sourcing strategies.

Skills

Negotiation skills

Communication skills

Analytical mindset

Organizational skills

Project management skills

Education

Bachelor’s degree in Business Administration, Supply Chain Management, or related field

Tools

SAP

Oracle

Ariba

Job description

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 financial goals.

Market Research & Trend Analysis

• Stay informed of industry trends, new products, and market developments to enhance procurement strategies.
• Conduct regular market research to assess pricing trends and supply chain dynamics.
• Provide insights on potential risks and market changes affecting procurement activities.
• Leverage procurement analytics and dashboards to generate insights.

Reporting & Documentation

• Maintain accurate records of procurement transactions, supplier communications, and agreements.
• Prepare regular procurement reports on key performance indicators (KPIs), supplier performance, and cost savings.
• Implement vendor risk management frameworks.
• Ensure all procurement processes are well‑documented for audit and compliance purposes.

Skills & Qualifications

• Bachelor’s degree in Business Administration, Supply Chain Management, Procurement, or a related field. Master’s degree is a plus.
• Minimum 10 years of experience in procurement, sourcing, or supply chain management.
• Strong negotiation and communication skills.
• Experience with procurement software and tools (e.g., SAP, Oracle, Ariba) and IT hardware and infra.
• Knowledge of procurement regulations, industry standards, and best practices.
• Analytical mindset with the ability to interpret data and trends.
• Strong organizational and project management skills.

Personal Attributes

• Detail‑oriented with excellent problem‑solving skills.
• Thrives in fast‑paced environments while consistently meeting deadlines.
• Proactive and self‑motivated, with a collaborative team‑oriented approach.
• Strong ethical standards and integrity.