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Menschen Consulting Pvt. Ltd.
Sourcing Manager
Menschen Consulting Pvt. Ltd. · posted 1 month ago
Visakhapatnampurchasing
About the role
Key Responsibilities
Sourcing & Procurement
- Source and procure electrical and electronic components, assemblies, and related materials.
- Identify, evaluate, and onboard new suppliers to ensure uninterrupted supply.
- Conduct supplier audits and assessments.
- Develop cost-effective sourcing strategies to optimize procurement costs.
Vendor Management
- Build and maintain strong relationships with suppliers and vendors.
- Negotiate pricing, payment terms, lead times, and supply agreements.
- Monitor supplier performance based on quality, delivery, and cost parameters.
Supply Chain Management
- Ensure timely availability of materials to support production schedules.
- Coordinate with Production, Quality, R&D, and Planning teams.
- Monitor inventory levels and minimize stock shortages and excess inventory.
Cost Optimization
- Drive cost reduction initiatives through strategic sourcing and alternate vendor development.
- Analyze market trends and pricing movements for electronic and electrical components.
Compliance & Documentation
- Ensure procurement activities comply with company policies and industry standards.
- Maintain procurement records, contracts, and vendor documentation.
- Support regulatory compliance requirements applicable to the IVD and healthcare industry.
Required Skills & Competencies
- Strong knowledge of electrical and electronic components procurement.
- Understanding of the IVD (In Vitro Diagnostics) industry and medical device supply chain.
- Excellent negotiation and vendor management skills.
- Strong analytical and cost-management abilities.
- Knowledge of ERP systems such as SAP, Oracle, or similar platforms.
- Proficiency in MS Excel and procurement reporting.
- Good communication and stakeholder management skills.
Preferred Experience
- Experience in sourcing PCBs, sensors, electronic assemblies, electrical components, cables, connectors, power supplies, and related materials.
- Familiarity with ISO 13485, medical device quality systems, and regulatory requirements.
- Experience working with domestic and international suppliers.
Key Performance Indicators (KPIs)
- Cost savings achieved through strategic sourcing.
- Supplier performance and on-time delivery.
- Inventory optimization.
- Material availability for production.
- Quality of procured materials.
- Vendor development and risk mitigation initiatives.
Education : BE – Electrical/Electronics
Location : Vizag