Job Description

Job Requirements

This role is to


a) Develop Strategic sourcing model for Appearance parts for a Watch (Watch and Components like Watch Case, Straps, Dials, Hands, etc...)


b) Demand, Supply and Inventory management.


c) Meeting Multi Stakeholders requirements with Solution provider mind set & WIN: WIN approach


d) Legal, Statutory and Ethical Compliance Management


e) To establish & ensure all the commercial transaction in line with IFC / SOP.

External Interfaces

Internal Interfaces

Vendors: IND and Overseas Suppliers & Subcontractors Government & Regulatory authorities Industry forums Communities & NGO's
Demand Planning & Merchandising (DOM & IBD) Central Planning New Product Development HKO: Sourcing Sourcing Verticals: Premium, Indirect & Logistics, Mfg. Plants and COE, Full Watch vertical Assembly Quality Function Commercial Indirect taxation Finance Logistics Coordination IT

Job Requirements


Education


Engineering Graduate/ Post-Graduate: Mechanical, EEE or ECE with Masters/ MBA / PGDMA


Relevant Experience


UG: 15+ years, PG: 12+ years


Behavioural Skills

Good Interpersonal & Communication skill Ability to influence key stakeholders. Ability to lead diverse team. Developing a high performing team Develop higher engagement with Vendors & Suppliers Elevated level of perseverance with positive energy

Ideal Profile

Preferably from Manufacturing/ FMCG background with 20+ Vendors Should be revered in entire procurement life cycle (Development till Delivery) of domestic and overseas sourcing Business acumen in direct material procurement (no Indirect or Capex) Quality Planning, Control, and Improvement process Product costing and Pricing process Negotiation process Number of SKUs more than 1000 Should have handled a team of 7-8 reportees (Direct/ Indirect) Exposure to ERP / IT and Emerging technologies Vendor Relationship Management Practices Planning methodologies - Demand, Production, and Inventory Mgt. Sound in SAP / EPR and new digital applications Ability to analyse complex data, draw connections and advocate a coherent strategy for improvement.


Expected Process Contributions


Expected Process Contribution


Process Outcome


Performance Measure

Strategic Sourcing

1. Develop, Implement & review Sourcing

strategy for appearance parts

- PAN India and Overseas

2.

Supply chain

Risk management.

3.

Collaborative

capacity Management


4.

Supplier Market Analysis

Long term and Annual business plan
Risk Mitigation Plan Material cost control Supply - Demand trend analysis Optimized Sourcing plan for the year and mid term (1-3 years) Continuity of Supply Total Cost ownership Price discovery and Benchmarking

Demand & Delivery Management

1. Capacity Planning

2.

Flexibility

Management


3.

Capability

building


4.

Bottleneck

Management


5.

New Product

Development

Delivering to Market Demand / Agreed Plan
Weekly Volume & Monthly Aligned delivery for new products and Overall Volume

Inventory Management

1.

Inventory Planning

by incorporating Business requirements and other sourcing aspects.


2. Managing by monitoring and mid-course correction / initiatives


3. Aiming to minimise / eliminate aged inventory





Inventory in line with Business requirement. Declining trend on aged and excess inventory: Month on Month




Inventory plan vs actual for Sourcing. Aged inventory & Excess inventory plan vs actual

Innovation

1. Process innovation.

2.

Product innovation

by collaborating with Vendor partners and ISCM ecosystem

Re-Imagining sourcing for 2030 New Features / New Product offering to Brands / Market No of AI / ML / IT / BI improvements 5 New features year on year Break through offering for cost competitiveness

Make In India

1.

Developing a Dashboard for

MII Index

2.

Showcasing & Sharing

to IND ecosystem on an ongoing basis on the Imports: Features & Cost


3.

Capability building

& Planning for change over

Maximise Make in India Declining trend on China dependability on UCP value

Vendor Partnering

1.

Co creating solution

end to end delivering to Market requirement.


2.

New Vendor & Alternate vendor exploration

on an ongoing basis


3.

Vendor relationship Management

through engagement initiatives and communication

Vendor continuity & sustainability Delivering to business requirement V-SAT score

Cost Management

1. Budgeting Process Management

2. Cost reduction focus

3. Pricing Process Management

Budgeting Process Cost reduction / Savings Plan for the year and Mid term
Cost structure analysis Price revision calendar Credit Terms Material Budget & Mat cost % at Brand level Min 3% w.r.t Material budget Material cost % at Brand level

Compliance to System and Processes

1. Legal & Statutory compliance

2. Ethical Process / Policy

3. Audit: Internal / External

SOA & SOD Compliances to systems & Procedure No Major audit findings Compliance to IFC and SOA

People Management

1. Competency Development

2. R&R

3. Career Planning & Training intervention planning

Enhanced Employee motivation Enhanced Engagement Enhancement of Engagement and Survey outcome * FCM and IDP Plans