SM/M, Material Management

Roles & Responsibilities

The SM/M, Materials Management, at PTC, plays a crucial role in overseeing the Procurement & materials management department along with ensuring efficient procurement, inventory control, and distribution operations for Industrial Castings Manufacturing BU. In this role, the individual will be responsible for strategizing, planning, and implementing material procurement processes to meet production and engineering needs and analyze & optimize costs. The individual will collaborate closely with cross-functional teams, including production, maintenance, and supply chain, to forecast demand, source materials, and maintain optimal inventory levels. Additionally, the individual will develop and maintain relationships with suppliers, negotiate contracts, and manage vendor performance to ensure high-quality materials are delivered on time.

Key Responsibilities:

1. Ensuring timely procurement of raw materials and supplies according to product and project specifications to meet production target as per customer requirements, while optimizing costs
2. Collaborate with cross-functional teams to forecast materials demand, identify potential risks, and develop contingency plans.
3. Monitor inventory levels and develop inventory control measures to minimize stockouts and excess inventory.
4. Stay updated on industry regulations, ensuring compliance with legal requirements and ensure that all raw material that is delivered should meet relevant industry standards such as ASTM, IS, BS standards as per customer needs.
5. Ensuring timely procurement of Engineering Equipment, Projects & Capital Equipment, Process and Utility equipment, Packing material, etc. as per the plan
6. Identify potential suppliers, source materials from approved suppliers, negotiate contracts, and manage vendor relationships. Develop and comply to risk management practices regarding supply contracts and agreements.
7. Implement just-in-time (JIT) inventory practices to reduce storage costs and enhance operational efficiency.
8. Oversee shipping, receiving, warehousing and stores related activities to ensure timely delivery of materials.
9. Ensure materials acquisition and storage comply with company and government guidelines.
10. Provide procurement related inputs in project proposals that include feasibility reports/ costs-benefit analyses.
11. Review annual Contracts for indirect spend, AMCs for Machinery, Engineering and Utility equipment.
12. Monitoring budgets, MIS reports, Vendor Development, and management.
13. Supervise, evaluate, and coach staff members by setting goals, directions and KRAs for the team.
14. Ensuring training and counselling of team members as and when required.

Desired Candidate Profile

Education and Certifications:

• Bachelor's degree in mechanical engineering, industrial engineering.
• PGDM/MBA in supply chain management, or a related field will be highly preferable. 

Experience:

• 6 to 16 years of proven experience in Production Planning and Scheduling in foundries or casting manufacturing operations.
• In-depth knowledge of supply chain and inventory management systems
• Hands-on experience with procurement related forecasting and budgeting
• Strong analytical and problem-solving skills, with the ability to identify issues and develop effective solutions.
• Ability to manage multiple priorities and work under tight deadlines.
• Strong business acumen and financial management skills along with high level of negotiation skills.
• Conversant with ERP modules.
• Good in Capital purchase and must be a master in Raw material purchase for Casting Manufacturing Industry.

Technical / Functional Expertise & other competencies:

• Basic understanding of ISO 9001, ISO 14001 standards for documentation related to planning and scheduling.
• Strong leadership and team management skills.
• Proficient in the use of Microsoft Office applications and other relevant software.
• Excellent communication and interpersonal skills, with the ability to build positive relationships with stakeholders.