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4.3

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23 Suitable AI Jobs

Plant Purchase Head

Suitable.ai

4.3

based on 12 Reviews

9-15 years

Ludhiana

1 vacancy

Plant Purchase Head

Suitable AI

posted 2mon ago

Job Role Insights

Flexible timing

Key skills for the job

Operations Production Management Manufacturing SAP Production Planning Aluminium Die Casting

Job Description

Responsibilities:

Purchase Strategy & Performance.
Formulate overall sourcing & supplier selection strategy in line with business strategy.
Formulate long term commodity and purchase risk management strategy and manage commodity pricing and forecasting.
Drive overall business policy with suppliers including aspects such as pricing, tooling compensation, credit terms, loans & advances, commodity linkage, forex etc Lead and guide various organization wide initiatives & strategic projects.
Governance.
Participate in organization level governance forums which deliberate on critical decisions and facilitate coordination and alignment in these forums.
Purchase Operations, Processes & Policies.
Establish & follow purchase and supplier management related processes, policies and procedures.
Follow policies regarding payment terms, advances, price variation, price increase/ decrease, compensation, penalties, consequential damages, volume-based pricing and other critical items.
Ensure availability of raw material/ bought out parts as per the production plans agreed.
Oversee overall purchase operations.
Ensure adherence to policies and process by carrying out periodic audits of procurement process and vendor selection quality.
Supplier Relationship Management.
Lead supplier relationship management activities including development of: Long-term supplier strategies for new / advanced technology in alignment with engineering roadmap.
Supplier quality standards.
Evaluate suppliers and develop a pool of preferred suppliers(Category A, B & C) for approval from the Finance and Operations Head.
Pricing & Cost Optimization for Identified Categories.
Own and drive optimization of procurement costs for identified categories.
Explore opportunities for alternate sourcing avenues for cost reduction and risk mitigation.
Manage revenue budgeting and capex budgeting of the Plant.
Oversee process of raw material and commodity pricing approvals from Corporate Team.
Drive purchase cost reduction initiatives and oversee cost benchmarking through analysis of auto components and raw material manufacturing industry.
Get approvals regarding price increase/ decrease quantum for identified categories from Corporate as per Company SOP.
Supply Chain Planning.
Supply chain strategy oversee supply planning & master production plan.
Oversee the production planning resources & capacity to forecasting from sales team.
Monthly collation of demand plan across sales teams.
Matching monthly demand supply requirement ensuring process adherence.
Demand allocation to vendors.
Design and implement methods to gather and manage supply chain data.
Prepare strategy for descriptive, predictive & preventive analytics on supply chain data for supply planning, demand forecasting etc Oversee Master data cell (bill of material, item, vendor master, MRP, target inventory level) management.
Employee Engagement & Talent Development.
Effectively communicate vision, management philosophy, and business strategy to Plant Purchase team.
Actively seek to motivate and inspire team members to adopt the company's values and to realize the company's vision.
Serve as the key reference person for all levels of team members in Purchase; present at town halls and community meetings; lead people events at key forums.
Ensure that there is clarity of objectives and focus for all Central Purchase Guidelines to Team Members & that there are clear and appropriate standards and measures of performance.
Review manpower requirements and ensure that they are in line with business plan.
Review, approve and provide guidance regarding talent management and talent development initiatives in order to generate a healthy talent pipeline.
Analytics.
Review / Validate the models / projects which are undertaken / planned as per the business needs.
Oversee the development of anaytics models and its adoption by the business.