1 DIC India Job

Procurement Strategy:

1. Develop and implement procurement strategies aligned with the company's objectives and industry best practices.

2. Evaluate and identify potential suppliers, negotiate contracts, and establish long-term partnerships to ensure a reliable and cost-effective supply chain.

3. Stay updated on market trends, pricing, and new procurement techniques to optimize procurement processes and maintain competitiveness.

Vendor Management:

1. Manage relationships with existing and potential suppliers, ensuring adherence to quality, delivery, and service level agreements.

2. Conduct regular supplier performance evaluations, address any issues or disputes, and implement corrective measures as necessary.

3. Collaborate with cross-functional teams, including quality assurance, production, and finance, to establish supplier evaluation criteria and assess supplier capabilities.

Procurement Operations:

1. Oversee the end-to-end procurement process, including sourcing, bidding, negotiation, and contract management.

2. Develop and implement purchasing policies and procedures to ensure compliance, efficiency, and transparency within the procurement function.

3. Monitor and analyze market conditions, price trends, and supply availability to proactively identify potential risks and opportunities.

Cost Optimization and Budgeting:

1. Work closely with the finance team to develop annual procurement budgets, track expenses, and manage cost-saving initiatives.

2. Implement cost optimization strategies, such as bulk purchasing, negotiation tactics, and alternative sourcing options, to achieve budgetary targets.

3. Team Leadership and Development:

Leadership

1. Lead and manage a team of procurement professionals, providing guidance, training, and mentorship to ensure high performance and professional growth.

2. Foster a collaborative and positive work environment, encouraging teamwork and knowledge sharing among team members.

3. Conduct regular performance evaluations, identify skill gaps, and provide opportunities for training and development.

Preferred candidate profile

Bachelors degree in chemical engineering or M. Sc (Chemistry) or a related field. A master's degree is a plus.

Proven experience (minimum 10 years) in procurement and vendor management, preferably in the specialty chemical or printing inks industry.

Familiarity with ERP / SAP systems and procurement software for efficient data analysis and reporting.