Manager/Senior Manager - Purchase - Chemicals Industry

Experience:

8-10 Years hands-on experience in Purchase Dept of preferably Lube Industry and/or Chemicals Industry owning Strategic Sourcing, Commodity Management and Supplier Development

Responsibility:

- and lead execution of sourcing strategy:

- Create a Sourcing commodity strategy comprising all elements of sourcing, with inputs from stakeholders.

- Plan and communicate cost optimization strategy to team and units, to achieve stretch targets.

- Plan sourcing value chain to make available the right material, equipment, etc. on time and at optimal cost.

- Set and publish pricing and purchase guidelines incl. share of business allocation for units.

- Set-up monthly review (KPI, cost improvement projects, price variance, recovery/quality issue resolution) internally and supplier review process /actions

- Build supplier review development and Qualification process to fast-track new parts development to reduce the overall cost.

- Explore and identify strategic options for vendors, transportation, and other key drivers of performance.

- Monitor air/sea/trucking/network optimization guidelines related to freight for timely delivery and best possible Transportation rates.

- Create buy-in from stakeholders and users (SBU Head, Unit Heads) on sourcing strategy and plan; Build stakeholder relationship through periodic visits and field interaction.

- Participate in and actively support organizational Strategic Initiatives

- Handle full process from Procure to Pay.

- Functional leadership and Review

- Initiate, drive and publish periodic, timely MIS comprising key metrics such as;

- When material was procured

- Vendor options considered.

- Vendor's selected

- Vendor development schedules

- Identify and drive process improvement initiatives.

- Drive SOPs across units

- Review vendor schedules, pricing decisions, and lead key/high-value decisions

- Set import vs Domestic sourcing ratios aligned with cost plans and to create flexibility and strategic options.

- Review unit sourcing teams to create alignment, drive collaboration and mitigate issues.

- Review high-value and high-volume inventories and working capital across units.

- Set min-max / optimal inventory limits for units, based on benchmarking / best practices, to optimize working capital.

- Enable team to track and highlight key external trends: demand-supply, freight and pricing, weather, and monsoon. (seasonal) Changes, Etc.

- Review monthly reports with team.

- Plan for Key changes e.g., transition to GST

- Strategic Supplier Development

- Lead and drive a structured, strategic vendor development program:

- Initiate a pilot project/effort to identify and develop vendors.

- Lead key vendor contract negotiations and relationships

- Balance sourcing across vendors, to avoid over-dependence and spread the sourcing risk.

- Standardize vendor database across units, with inputs on vendor experience / performance from units.

- Explore options for transportation and logistics, domestic and overseas.

- Develop indigenous vendors for items that can be developed locally.

- Share stocks with vendors to reduce site storage and inventories.

- Industry - Experience in complex petrochemicals, chemicals, and industrial companies would be preferred.

Key Skills - Results Driver, Collaborator, Technical Expert, Innovator