Head - Direct Purchase

Join Finolex Industries Limited – We’re Hiring a Head - Direct Purchase!

Head - Direct Purchase

Strategy & Planning

• Identifies sustainable, long-term savings opportunities by exploring all potential value levers to sustain dynamic macro factors
• Develop and govern procurement strategies to meet the annual budget and conduct spend analysis to monitor direct purchase sub categories

Process and Execution

• Spearheads global vendor relationships, ensuring rigorous quality checks and the ability of vendors to meet future demands
• Drives annual price and rate negotiations, monitor market price movements, and implement cost-saving strategies to achieve year-over-year cost reduction targets
• Governs oversight of packaging materials procurement, including metal components made of brass and polypropylene products
• Develop and implement purchase strategies specifically for PVC, CPVC, resins, and additives, ensuring alignment with the company’s production objectives
• Manages procurement of additional operational materials such as fuel and coal and governs the purchases related to logistics
• Governs strategic procurement for 500 MT to 10,000 MT of materials received primarily through maritime transport
• Identifies supplier and supply chain risks, develops risk mitigation strategies and governs vendor selection basis their financial and technical feasibility
• Works in close collaborations with plant managers to forecast demand accurately and plan production activities accordingly
• Ensures thorough due diligence is conducted for vendors and drives compliance with SAP protocols to keep accurate records for all vendors
• Reviews major procurement contracts; coordinates contract compliance, change orders, and problem resolution in conformance with contract law; consults with legal counsel as required

People and Leadership

• Cascades and governs, performance objectives of the management team and regularly reviews performance of the team
• Defines and Governs, design and implementation of people objectives for the organization
• Champions digitization and automation of processes to improve efficiency and effectiveness of organization processes
• Defines and drives mission, vision and culture of the organization with the leadership team

Key Interactions

• Internal: Manufacturing, PPC, Legal and Finance Teams
• External: Statutory Authorities (Taxation / Custom Officers), Vendors / Partners

Requirements & Skills

• BTech in Petroleum / Chemical Engineering (MBA in SCM is good to have)
• 15+ years of strong exposure in direct procurement with last few years in a similar position
• Exposure in handling direct procurement for at least INR 2000 CR spend value

Why Join Finolex Industries Limited?

A dynamic work environment

Exciting career growth opportunities

Inclusive work environment

A motivated team