Summary of the position

This role will be primarily responsible for strategic planning, annual budget planning and execution of indirect procurement function for BIRA91. These material and services need to be procured within the budgeted cost while ensuring good quality/service standards and best practices.

This role will extensively work closely with internal and external stakeholders, implementing value in/cost out principles and strategic buying leading to financial and operational benefit to the organization. This role will also be driving key innovations projects that are pivotal in bringing efficiency and value to the existing process of the organization.

Role and Responsibilities:

Planning:

- Strategically develop and implement procurement strategies covering the Marketing, Sales General admin, HR, Travel, Legal, Finance, Technology, Corporate requirements

- To Lead the operations for Cold Chain, dispensing machines & Import-Export

- Meet financial objectives by forecasting requirements; preparing an annual budget (zero based budgeting), scheduling expenditures, analyzing variances and initiating corrective actions

- Keeping abreast with market intelligence and benchmarking for strategic sourcing and procurement

- Develop and communicate the strategic sourcing plan and timeline to ensure desired results are achieved

- Drive techno-commercial negotiations & maintain a repository of pricing models/templates that enable business to take better decisions

- Ensure compliances by working closely with user departments and the legal counsel

Cost Optimization:

- Drive cost savings, competitive pricing and lower TCO (Total Cost of Ownership)

- Continuously driving efficiency through implementation of key cost reduction levers, as well foreseeing and managing associated price variances

- Lead efforts to improve cost of sales through strategic procurement of marketing material and services

- Deliver value to the organization through developing RFx documents, evaluating supplier proposals (scope, cost, timing, resource modeling, risk, etc.), supplier recommendation and qualification

- Work closely with the finance team to drive working capital objectives

- Conduct complex periodic spend analysis (cost/benefit) across categories to identify key areas of focus/improvement

Vendor and customer Management

- Managing vendor relationship by providing them best of the client experiences across the board

- Lead discussions on periodic performance evaluation (on key levers including quality, service, commercials and contract review) with all the key vendors

- Identify and develop strategic suppliers as part of the centralized procurement process

- Ensuring contractual terms of the vendors and managing their grievances

- Monitor Supply-Demand of all materials for proactive business decision and ensuring price inflation

- Resolves escalation issues and find resolution including contract compliance failures

Process Improvement

- Develop internal SOP's for processes and ensure its compliance across the value chain

- Ensure adherence to Govt rules & Regulations.

- Continuous improvement of procurement processes and practices incorporating relevant best practices and associated ERP changes

- Define and optimize the working capital requirement for the category through managing vendor credit terms, required inventory levels and vendor managed inventory

- Adherence to Reporting Dashboards & KPI's

- New product development & Innovation

- Drive strategic procurement that align to the annual business plan

- Identify vendors with a global landscape aligned to innovations including new product development in marketing and dispensing technology

Team Management

- Conduct development summary review; implements and monitors plans for development of team members

- Ability to drive metrics-based KPIs of the team to drive overall performance

- Supports the talent development of the team members and the overall development of the team

Qualification and Skill Set

- Graduation preferably B.Tech & MBA from Premier B School.

Experience Minimum 5-8 Years

- Ability to work collaboratively across functions to delivery results

- Experience in cost analysis, strong analytical skills & business acumen

- Come with a strong track record of process establishment and improvements

- Proficient at managing multiple and shifting priorities, delivering timely and accurate work products, and responding with a sense of urgency as required

- Ability to take initiative, identify and define better processes, work with minimal direction, and prioritize time-to- delivery results in a prompt manner

- Build and maintain strong relationships based on trust, credibility, clear expectations and open communication

- Strong negotiation skills necessary to seek appropriate cost, quality and timing positions with suppliers

- Professional, clear and effective communication to a variety of stakeholders via various communication mediums (written and/or verbal)

- Proven ability to communicate and influence others at all levels of the organization