Strategic Sourcing Specialist

About This Role

The Strategic Sourcing Specialist is responsible for identifying, evaluating, and onboarding suppliers that meet KanaQ Innovations' quality, cost, and delivery standards. This role involves managing supply base performance and supporting supplier development initiatives, ensuring a timely and reliable supply of materials and services.

Responsibilities

• Identify and evaluate potential suppliers, conduct market research to identify new sourcing and procurement of ferrous, non-ferrous raw materials, and BOM components
• Possess experience in sourcing large to mid-volume semi-finished raw materials like billets, ingots, blooms, and finished raw materials like rounds, plates, sheets, and wires in ferrous and non-ferrous
• Support the procurement team in supplier negotiations and contract management
• Collaborate with the Business Development team to understand sourcing requirements
• Maintain and update supplier databases and records
• Exposure to zero-based costing and cost analysis and assist in the preparation of procurement reports and presentations
• Coordinate with suppliers to ensure timely delivery of materials and manage the P2P process at KanaQ and the RFQ process
• Help resolve any issues or discrepancies with suppliers
• Perform administrative tasks and other duties as assigned

Requirements

• B.Tech (Mechanical or equivalent) with 3-7 years experience in Sourcing and Procurement
• Strong supplier evaluation and supplier development skills, with experience assessing supplier capabilities, quality, and reliability
• Demonstrated analytical skills for data-driven decision-making in sourcing, cost analysis, and supplier performance tracking
• Proficiency in contract negotiation, including commercial terms, service levels, and risk mitigation
• Experience in supply management, covering sourcing, procurement planning, inventory coordination, and supplier relationship management
• Strong communication and collaboration skills, with the ability to work effectively with internal stakeholders and external partners
• Proficiency in using ERP systems and sourcing tools, and comfort working with spreadsheets and analytics software
• Ability to manage multiple priorities and operate in a fast-paced, mission-driven environment

About the Company

KanaQ Innovations is dedicated to transforming India into a global manufacturing powerhouse by leveraging local resources to enhance efficiency and optimize supply chains. The company provides end-to-end services, from design to delivery, empowering local MSMEs and aligning Indian manufacturing capabilities with global demand.