Job Role: Purchase – Strategic Sourcing and Vendor Development (Indirect goods & services)
Key Focus
The primary focus of this role will be responsible for Strategic sourcing, Vendor Development & Commercial part.
Roles & Responsibilities
- Manage the end-to-end procurement process for Indirect goods and services, ensure compliance with company policies and procedures.
- Negotiate contracts, pricing and terms with suppliers to secure the best possible deals.
- Ensure adherence to budgetary norms, process (PO) timelines, quality requirements and costs targets and maintain turnaround times.
- Analyze and identify cost-saving opportunities in the procurement of Indirect goods and services .
- Track and report on cost savings achieved through procurement initiatives.
- Work closely with internal departments, including Maintenance, Tool Room, Manufacturing Engineering and HR to understand their procurement needs and provide best support in sourcing of Goods and services.
- Contribute to the development and implementation of procurement strategies and processes to improve efficiency and effectiveness.
- Cost reduction through Negotiation / Localization / Alternate sourcing / Cost Saving.
- Release supplier performance report on monthly basis.
- Cost reduction/saving project through VAVE .
- Supplier Audit and closure of Non-Conformance.
Functional Competencies
- Strong change management skills
- Excellent communication skills (oral & written)
- Excellent collaboration skills
- Excellent senior stakeholder management
Qualifications, Role Specific Knowledge and Experience
- Bachelor’s degree (postgraduate degree preferred)
- Total work experience of 7-12 years with at least 5-6 years in Strategic Sourcing and Vendor Development
- Excellent project planning skills
- Strong stakeholder management and influencing skills
- Excellent communication and presentation skills
- Highly proficient in using MS-Office, project planning software and using Analytics