We are looking for the one of the leading Consumer durable company for the profile of Head Procurement & Vendor Development based at Faridabad.

Please find the below JD.

Key Responsibilities:

- Create and implement purchasing strategy, policies, processes, and procedures to meet business objectives and operational needs in terms of cost, quality and delivery targets, that enables the company to function and compete effectively in the market to include: Terms and conditions, supplier selection/de-selection, evaluation and rationalisation of supply chain solutions including vendor managed inventory, supplier consignments and safety stocks.

- Overall responsible for Purchasing / procurement and Cost Estimating activities for Fans business

- Evaluate the challenges faced by the business and take action to mitigate risks and develop 0pportunities.

- Develop an overall vendor base which creates and sustains a competitive advantage utilising global market exploitation, leveraging spends and leveraging technologies.

- Responsible for managing relationships and negotiating with key suppliers at a senior and strategic level. Negotiate contract terms with key suppliers to ensure value for money, quality standards and delivery terms with technical and operational input from stakeholders if appropriate.

- Ensure professional and consistent supplier management practices are applied across the supply base in line with the purchasing policy guidance, partner with reliable vendors and suppliers, develop, implement, and maintain a supplier relationship and evaluation process to measure effective supplier performance and compliance.

- Provide leadership to procurement & Vendor Development functions. Coach, mentor and develop direct reports and manage a high performing team that delivers continuous improvement, added value and cost reductions

- Set department objectives and monitor ongoing progress and performance

- Establish strategy and best practices for staff to ensure achievement of overall business objectives. Work with the Purchasing team to translate strategy into specific annual performance goals and departmental objectives including KPIs,

- Prepare the annual purchasing budget and forecasts and all Capital Expenditure proposals as well as ensuring compliance with customer and legal requirements. Manage the budget from identification to completion of projects.

- Develop and maintain strong relationships with internal and external stakeholders to ensure optimal performance.

- Communicate with stakeholders the impact of market change and potential effects on material supply. Recommend solutions without compromising quality or service while optimising cost.

- Contribute to new business initiatives and projects and review and communicate the impact on Purchasing activities

- Work closely with Research Development to source new and alternative raw materials to improve the quality and reduce the cost.

Qualifications and Experience Levels:

- Degree (preferably Masters) in a Material Management or Engineering (mechanical discipline)

- Demonstrable experience of leading a purchasing function with a proven track record in strategic purchasing leadership delivering effective purchasing strategies, policies, processes, and systems for minimum 20+ years.

- Ability to add value, reduce costs and make business improvements

- Proven contract management and supplier experience

- Experience of operating and influencing at a strategic level

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