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Asst. Manager at Ace Consultants
Views:1602 Applications:604 Rec. Actions:Recruiter Actions:74
Manager - Procurement - Chemicals (2-13 yrs)
Key responsibilities:
- Keeping abreast with latest market trends, technological changes and other external factors that determine the procurement & planning strategies
- Generating insights based on external data on price & supply trends to support procurement decisions
- Reviewing cost elements like geography of supply, MOQ and lead times to reduce overall cost of ownership
- Ensuring procurement cost is lower than or equal to market through market insights (ICIS) like value chain analysis, cost break up module and other external statistics
- Reviewing Vendor Payment Terms on a periodic basis
- Identifying root cause for stock outs and preparing action plan to counter the same
- Managing responsiveness to variability in demand
- Reviewing and monitoring inventory in accordance with defined inventory norms
- Ensuring reduction of excess RM/PM through influencing Operations, R&D, divisions & disposal of stock
- Identification & Closure of Gaps/Violations particularly in SAP key transactions & processes
- Identifying, selecting & finalizing new vendors for new & existing products in order to get rate advantage, better quality or meet global shortage
- Sourcing vendors as per desired products requested by division through NPD process
- Carrying out price negotiations
- Monitoring, Control of RM/PM Variances
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