We are looking for an experienced Sourcing Manager to join our team in Mumbai. The ideal candidate should have 10 to 15 years of experience in sourcing and procurement.Key Responsibilities:- Vendor Selection: Identify and evaluate potential suppliers to ensure they meet quality and cost standards, helping the company maintain high standards at competitive prices.- Contract Negotiation: Negotiate contracts with suppliers to secure favorable terms and conditions that align with our business goals, ensuring cost-effectiveness and risk management.- Market Analysis: Conduct market research to stay informed about industry trends and supply chain dynamics, enabling effective decision-making regarding sourcing strategies.- Relationship Management: Build and maintain strong relationships with key suppliers, fostering collaboration and ensuring smooth operations to drive efficiency.- Inventory Management: Oversee inventory levels and ensure timely replenishment of stock, allowing for efficient operations and minimal disruptions in production.- Cross-Functional Collaboration: Work closely with different departments such as production, logistics, and finance to align sourcing strategies with overall business objectives.Required Skills and Expectations:The ideal candidate should demonstrate excellent negotiation and communication skills, with the ability to influence stakeholders effectively. A strong analytical mindset is essential for evaluating supplier performance and market trends. They should have proven leadership skills, with experience managing a team. A deep understanding of sourcing strategies and supply chain processes is crucial. Familiarity with procurement software and an academic background in business, supply chain management, or a related field are highly desirable.