Job Description

Company Overview

ColossusTex stands as a prominent player in the textile value chain realm, both in India and Internationally. Our comprehensive services span manufacturing, trading, sourcing, marketing, and supply chain management, ensuring seamless operations.

Our operations encompass:

- Contract Manufacturing

- Stock Selling and Buying

- Distribution

- Warehousing

Positioning ourselves as industry experts and consultants, ColossusTex operates in 37 countries, spanning both developed and emerging markets. Our extensive raw material portfolio covers a broad spectrum, ranging from high-end lifestyle products like carpets and upholstery to industrial necessities such as geotextiles, filter fabrics, tyrecord, and airbags.

Job Summary

•We are looking for a skilled Procurement - Yarn Sourcing & Merchandising Executive to manage our company's procurement of yarn and related materials. This role is crucial in developing strategies to secure cost-effective deals and establish reliable supplier relationships. The Procurement - Yarn Sourcing & Merchandising Executive will focus on identifying opportunities to reduce procurement costs, enabling the company to allocate resources toward growth and employee development.•

Responsibilities

• Develop and implement effective sourcing strategies for yarn procurement.
• Identify and build relationships with reliable suppliers to ensure high-quality products.
• Negotiate favorable terms and agreements with external vendors.
• Oversee the procurement of necessary yarn and related services.
• Finalize purchase agreements and ensure timely deliveries.
• Evaluate and optimize existing supplier contracts to improve cost efficiency.
• Monitor and report key performance metrics to improve procurement processes and reduce expenses.
• Collaborate with stakeholders to ensure clarity of specifications and expectations.
• Stay ahead of market trends that could impact supplier negotiations.
• Analyze data to foresee potential challenges and create strategies to mitigate risks.
• Implement risk management strategies for procurement and supply contracts.
• Monitor procurement expenditures and promote long-term cost-saving practices.

Key Performance Indicators

Expected KPIs to be met:

• Effectiveness of Sourcing Strategy
• Supplier Relationship Management
• Procurement Process Efficiency
• Contract Management and Compliance
• Performance Reporting and Insights
• Collaboration with Internal Stakeholders
• Market Analysis and Risk Management
• Cost Control and Procurement Savings

Requirements and Skills:

• Proven experience in procurement, yarn sourcing, or a similar role (e.g., Procurement Executive, Merchandiser).
• Strong understanding of sourcing and procurement methods with knowledge of market trends.
• Excellent negotiation and networking skills.
• Experience with supplier or third-party management software.
• Strong decision-making and analytical skills.
• Ability to analyze data for informed decision-making.
• Strong leadership and team management abilities.
• Bachelor's degree in Textile (specifically in Yarns) Supply Chain Management, Logistics.

Job Types: Full-time, Permanent

Pay: From ?500,000.00 per year

Schedule:

• Day shift

Work Location: In person