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28/01 Nilesh
Vice President - Talent Solutions at Krehsst Tech Solutions

Views:1348 Applications:288 Rec. Actions:Recruiter Actions:186

Head - Raw Material Procurement - Plastic/Polymer/Steel Industry (15-20 yrs)

Pune Job Code: 1212944

Head Raw Material Procurement (Plastic/Polymer/Steel)


Job Purpose: Responsible to formulate and drive a consistent approach towards all sourcing, purchasing and tendering activity. category ensuring value add through cost savings. Constantly identify and develop new vendors while managing relationships with existing vendors to help cater to organizations commercial interests.


PRINCIPAL ACCOUNTABILITIES:

1. Category annual planning:

- Participate in the annual business planning meetings of the BUs to understand their plans, derive raw material/commodity requirements and thereby estimate spends

- Provide inputs related to raw material purchase and support Business Heads with their budgeting exercise and ensure procurement activities mirror actual service requirements

- Develop the category annual plan ensuring its timely implementation to successfully realize set targets

- Work closely with the CSCO to finalize savings targets vis- vis last year spends and repeat item purchase, bottom[1]line impact, overheads and costs for the category aligned with business requirements

2. Procurement and spend management:

- Formulate the overall commodity procurement strategies to provide cost effective and timely service to all businesses

- Understand the spend vs criticality classification of the commodity items. Determine negotiation strategy and actively participate in price negotiations with vendors and internal clients to create a win/win situation for all the involved stakeholders

- Identify scope for cost savings through better pricing by leveraging spot buying opportunities, exploring international sourcing, vendor contract amendments etc.

- Guide team to better negotiate with vendors by broadening their perspective, such as benchmarking commodity spends with other industries, competitor analysis of raw material expenses, understanding rates offered by other vendors, rate contracts for larger volumes, etc.

- Review performance against key metrics such as savings and monitor compliance to set processes through regular checks on supplier selection, budget adherence, documentation completion etc.

3. Vendor relationship management:

- Identify new vendors dealing in required commodities meeting product quality and pricing expectations

- Act as a buyer and float RFQs, get quotes and evaluate bidders on various parameters (commodity quality, competitive pricing, historical records, financial background and technical evaluation); Finalize suitable vendor/s

- Drive vendor on-boarding and conduct initial meeting to finalize the NDA, decide commodity specs and define protocols for communication

- Coordinate with vendor to identify key milestones, finalize delivery timelines and freeze payment schedules

- Maintain critical vendor relationships by ensuring that all concerns raised by the vendor are addressed promptly and more opportunities are created for company to expand its business with the vendor

- Develop a suitable contract database and protocol for ongoing vendor management including the ongoing creation, rationalization and management of vendors along with a clear contractor overview highlighting key contracted information

4. Stakeholder management:

- Build strong and balanced relationships with both internal and external stakeholders to ensure continuity of production

- Ensure timely transfer of raw material schedule from plant to vendor for non-stoppage of customer line

- Co-ordinate, monitor progress and conduct periodic meetings with both user teams and vendors to ensure execution/delivery as per contracted terms before releasing payments

- Resolve conflicts and disputes related to payments, differences in commodity quality standards, etc. between user teams and vendor/s in a timely manner

5. Team development:

- Participate in recruitment process to identify the right talent across positions within the function

- Establish individual performance expectations and regularly review individual performance of the team

- Identify and create development opportunities for team members to enhance functional knowledge


MAJOR CHALLENGES:

- Constant pressure to cut money paid to the vendors

- Customer setting price directly with vendor resulting in limited bargaining power with role holder

- Customer's low willingness to increase price

- Negotiation of contract terms and conditions

DECISIONS:

- Recommendations on vendor addition/removal to the CSCO

- Leveraging spot buying opportunities

- Exploring international sourcing of commodities

- Approving the 10,000 contract amendments

Educational Qualifications:

a) Qualifications:

- Minimum Qualification required: Bachelor's degree in Engineering (Mechanical / Chemical / Polymer)

- Qualifications preferred: Degree in business management with an Ops. specialization

b) Work Experience:

- Minimum 15 years of experience

- Experience of commodity purchase at a multi-level multi-location organization

- Understanding of commodities pricing

- Knowledge of vendors both Indian and global

- Knowledge of procurement analysis tools

- Any additional technical skill to be provided

This job opening was posted long time back. It may not be active. Nor was it removed by the recruiter. Please use your discretion.

Women-friendly workplace:

Maternity and Paternity Benefits

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