Position Overview
Sourcing Advisor are experts who help make the sourcing process of a company or institution more efficient. They do this through building relationships with suppliers, negotiating cost and developing agreements that ultimately help a company grow and become more profitable.

The Sourcing advisors play a third-party role, advising and consulting their company, making recommendations to upper-level staff members. They can work in a wide variety of industries and settings.

Academic Qualification

• Bachelor’s Degree- Supply Chain Management

Professional Experience

• Minimum 4 years sourcing or supply chain experience

Professional Certification:

• Certified Inventory Optimisation Professional (CIOP)
• Diploma in Procurement and Supply (Level-4)
• Certified Supply Chain Professional (CSCP)

Roles and Responsibilities

• Build and maintain relationships with internal stakeholders and business partners in order to foster early involvement in projects and overall, better value-based business decisions for the bank.
• Act as a trusted advisor by informing the business of market trends, spend reporting related to their business strategy and direction.
• Participates in business stakeholder weekly meetings to hear of upcoming projects Sourcing could positively impact.
• Create and execute against annual strategic plans in order to allocate resources for upcoming projects, show spend analysis, and meet cost savings targets.
• Provide analysis of benchmark data and make recommendations to business stakeholders in order to drive targeted negotiations and negotiate key commercial terms.
• Participate in team meetings, training and special projects as assigned by management.
• Routinely make decisions on business requirements, framework for preparation of competitive events, selection of market intelligence, and define best price targets and/or models to use. Decisions include how to best structure contracts, software and professional service delivery models, commercial term standard to follow.
• Decides best negotiation strategy and makes recommendations to the business. Decisions include prioritizing terms and acceptable positions for each area as part of the negotiation trade-offs/concessions.

Competencies

• Excellent written and verbal communication skills and a customer service mindset
• Strong understanding of Technology and/or Professional Services categories a plus
• Possess knowledge related to industry category trends a plus
• Demonstrated ability to negotiate commercial points of projects a plus
• Wide experience in providing strategic sourcing services
• Strong knowledge of apparel manufacturing practices
• Panoptic knowledge of Access and SQL technologies
• Familiarity with sourcing and procurement procedures

Salary ranges depending on the experience. Typically, the average salary for a Sourcing Advisor in India is around Rs.13 lakhs to Rs.15 lakhs annually.

Sourcing Advisor

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