Sourcing Specialist

8point3; Bengaluru; On-site; INR 500,000 - 800,000; Full time

Job summary

8point3 in Bengaluru is seeking a procurement specialist to work with the sales team to source competitive prices and locate qualified suppliers.

You will evaluate suppliers based on quality, reliability, and cost, negotiate terms, manage relationships, and perform market research to drive cost savings while ensuring compliance.

Qualifications

• Proficiency in using Excel for data analysis and cost tracking.
• Proficient with Word for documentation.

Responsibilities

• Collaborate with Sales to secure competitive prices.
• Identify best suppliers offering quality at competitive prices.
• Evaluate and select vendors.
• Assess suppliers on quality, reliability, pricing, delivery, and compliance.
• Negotiate favorable terms including pricing and payment terms.
• Manage supplier relationships and ongoing collaboration.
• Conduct market research to identify cost savings opportunities.
• Assess risks like supply disruptions and regulatory compliance.
• Perform cost analysis and price benchmarking to optimize decisions.
• Ensure proficiency with computers and MS Office tools.

Skills

Computers

Tools

Excel

Word

Job description

Job description

• Working with Sales team and getting competitive prices for the requirements.
• Locate best suppliers who can provide high-quality products or services at competitive prices
• Identifying, evaluating, and selecting suppliers or vendors organization
• Assessing suppliers based on factors such as quality, reliability, pricing, delivery capabilities, financial stability, and compliance with industry standards.
• Negotiation: Engaging in negotiations with suppliers to secure favourable terms and conditions, including pricing, payment terms, delivery schedules, and service levels
• Supplier Relationship Management: Building and maintaining relationships with suppliers to ensure ongoing collaboration, address any issues or concerns, and explore opportunities for improvement
• Market Research: Keeping abreast of market trends, industry developments, and emerging suppliers to identify potential opportunities for cost savings or process improvements
• Risk Assessment: Assessing and managing risks associated with suppliers, such as supply chain disruptions, quality issues, or regulatory compliance
• Cost Analysis: Conducting cost analysis and price benchmarking to optimize procurement decisions and achieve cost savings
• Should be good with Computers, XL Sheet, word file.