Strategic Sourcing Engineer

At Emerson Electric, we are seeking a highly motivated and skilled Strategic Sourcing Engineer to join our team. As a global leader in manufacturing and technology, we are committed to finding innovative solutions to meet the ever-changing needs of our customers. In this role, you will play a crucial part in developing and executing strategic sourcing initiatives to drive cost savings and improve supply chain efficiency. We are looking for a candidate with a strong background in sourcing and procurement, excellent analytical skills, and a passion for driving continuous improvement. If you are ready to take on a challenging and rewarding role in a dynamic and fast-paced environment, we encourage you to apply for this position.

1. Develop and implement strategic sourcing strategies to drive cost savings and improve supply chain efficiency.
2. Conduct market research and analysis to identify potential suppliers and negotiate favorable terms and contracts.
3. Build and maintain strong relationships with suppliers and internal stakeholders to ensure timely and cost-effective delivery of goods and services.
4. Collaborate with cross-functional teams to identify opportunities for cost reduction and process improvement.
5. Monitor and analyze supplier performance, identifying areas for improvement and implementing corrective actions as needed.
6. Stay informed of industry trends and best practices to continuously improve sourcing processes and procedures.
7. Manage supplier contracts and ensure compliance with company policies and procedures.
8. Utilize data and analytics to track and report on sourcing metrics, identifying trends and opportunities for improvement.
9. Conduct periodic supplier audits to ensure quality standards are met.
10. Proactively identify potential risks and develop mitigation plans to minimize impact on supply chain operations.
11. Communicate effectively with internal and external stakeholders, providing updates and recommendations on sourcing initiatives.
12. Stay current on industry regulations and compliance requirements related to sourcing activities.
13. Train and mentor junior sourcing team members to develop their skills and knowledge.
14. Participate in cross-functional projects and initiatives to support overall company goals and objectives.
15. Foster a culture of continuous improvement, seeking out and implementing new and innovative sourcing strategies and practices.

According to JobzMall, the average salary range for a Strategic Sourcing Engineer in Pune, Maharashtra, India is between Rs. 500,000 and Rs. 1,200,000 per year. This may vary based on factors such as experience, education, industry, and company size. Additionally, bonuses and other benefits may also be offered.

Emerson Electric Co. engages in manufacturing and developing process controls systems, valves and analytical instruments. It operates through the following segments: Process Management, Industrial Automation, Network Power, Climate Technologies, and Commercial and Residential Solutions.