Sourcing Manager

Bufab India Fasteners; Pune District; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

Bufab India Fasteners is seeking an experienced Sourcing Manager in Pune to lead strategic sourcing efforts and supplier management. The role focuses on cost optimization, quality, and a robust supply chain for fasteners.

You will negotiate with suppliers, manage procurement activities, and collaborate with Sales to support bids while ensuring compliance with sustainability standards.

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 is a plus
• 10–13 years of relevant sourcing, procurement, or supply chain experience, preferably in a multinational organization.
• Strong command of written and spoken English.
• Proficiency in Microsoft Office applications (Excel, Word, PowerPoint) and ERP systems.

Responsibilities

• 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.
• 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 monitor raw material prices and logistics risks.
• Work with Sales on customer bids, provide fast, accurate sourcing quotes and highlight delivery risks.
• Keep stock levels in balance with Sales and Warehouse to prevent overstocking.

Skills

Negotiation

Contract management

Data analysis

ERP systems

English proficiency

MS Office

Time management

Education

Bachelor's in Mechanical/Electrical Eng or related

Tools

ERP systems

Microsoft Excel

Microsoft PowerPoint

Job description

Role & responsibilities

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
• 815 years of relevant sourcing, procurement, or supply chain experience, preferably in a multinational organization.
• Strong 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.