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Plant Purchase Head
Suitable AI
posted 20d ago
Job Role Insights
Flexible timing
Key skills for the job
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.
Employment Type: Full Time, Permanent
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based on 12 employees
Flexible timing
Monday to Friday
No travel
Day Shift
Suitable AI Benefits
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