The Lead RM Sourcing & Vendor Development is responsible for developing and implementing key raw material procurement strategies / purchase schedules, ensuring that these strategies / schedules are aligned with organizational objectives while optimizing cost of procurement
Strategic Responsibilities
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Plan, build & execute a strategic sourcing methodology; ensure cost optimization
Identify and develop vendors for obtaining timely procurement, involved in techno-commercial negotiations and finalize contracts
Develop strategic partnerships with vendors
Develop raw material sourcing strategies, vendor identification management; establishing vendor qualification and re-qualification process
Provide support in assessing supplier quality and develop parameters for choosing the right suppliers
Plan and implement best practices in supplier quality and vendor development
Drive identification of supply chain risk and developing mitigation strategies
Operational Responsibilities
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Ensure timely procurement of right quality of raw material and packing material as per business plan
Ensure procurement cost is well within budgeted cost
Maximize creditors day by higher credits on inputs and low inventories
Maintain ARC/AMC of service providers
Keep track on all legal aspects and ensure compliance with statutory requirements
Ensure all measures required for maintaining various ISO systems
Assist in identifying non-moving items as per norms and propose NPA in consultation with Engineering, Packaging Lab & Quality Control department
Ensure material reconciliation with sub-contractors as per defined frequency and maintenance of proper records for outsourcing
Facilitate resolution of problems related to misunderstanding or misinterpretation of product specifications or quality standards
Vendor Development
Identify materials with vendor development needs
Consolidate requirement across materials with vendor synergy and collate specifications
Provide guidance for market scanning of potential vendors
Float RFI/RFP to identified vendors
Shortlist vendors and conduct rate negotiations
Supplier Relationship Management
Ensure clear supplier segmentation
Review classification of active suppliers into strategic/ critical/ leverage/ routine segments
Support supplier performance evaluation
Provide supplier scores on 'Responsiveness' to assess supplier quality
Evaluate outcome of supplier evaluation and send automated scorecards to suppliers
Support supplier risk assessment
Evaluate outcome of supplier risk scored and take necessary action
Identify supplier development initiatives
Basis outcome of supplier performance evaluation and risk assessment, identify development initiatives
Prioritize initiatives and monitor implementation of initiatives as per annual action plan
Supplier Quality Management
Implement quality systems and implementation for product quality consistency with outsourcing partners and suppliers
Establish annual budget for Sourcing & Vendor Development team and ensure that the team operates within the budget
Financial Responsibilities
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People Responsibilities
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Inform & discuss supplier quality related matters with suppliers & internal customers
Facilitate initiatives for training need identification and building requisite skills & competencies through systematic training & skill-upgradation initiatives for the team
Actively drive, in conjunction with the Senior Management Team, the performance management process of the team
Recognize & reward excellent performers & affirm key contributions of employees toward the achievement of goals & objectives of the team
Inspire & motivate employees through demonstrated commitment to PI's values, vision & mission and active participation in various team engagement activities
Education Qualification
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B. Tech/B.E. - Mechanical/ Chemical
PG - MBA/PGDM Graduate (Supply Chain/ Operations)
Work Experience
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18 + years of experience in the field of raw material sourcing from India & abroad
Experience in sourcing chemical raw material from China is essential
Industry to be Hired from
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Preferable chemical/pharma industry
Functional Competencies
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Negotiation and Contract Managementa,A
Supplier and Vendor Relationship Managementa,A
Supply chain optimizationa,A
Raw Material Market Expertisea,A
Collaboration with R&D and Manufacturinga,A
Sustainability and Responsible Sourcinga,A
Cost Analysis and Optimizationa,A
Interaction Complexity and Team Work
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Interaction
Frequency
Purpose of Interaction
Internal:
Head Commercial, Head CSM AgChem LoB Head, Head Manufacturing Strategy, Head Operations, Head Quality Assurance, Head EHS Assurance
As required
Updating the head about the current market trends and familiarizing them with Sourcing & vendor development policies; updating & ensuring delivery of material as per agreed plan
External:
Government Authorities, Vendors, Suppliers
As required
Discussions current statutory requirements
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