Job
Description
Summary: The position will ensure efficient operations by overseeing Procurement, Sourcing, Vendor management, and Logistics optimization. The incumbent will oversee Strategic Material Sourcing , Supplier relationship management , and inventory control for cost-effective, quality-driven outcomes. The incumbent will evaluate and analyse lag and lead indicators, past performance data to forecast needs, and production scheduling to meet the budgeted targets of plants. Enhancing logistics efficiency, managing costs, mitigating risks, and driving continuous process improvement are crucial part of the role to ensure seamless supply chain operations aligned with business goals. . Key Responsibilitie s: Develop strategies, policies, procedures, and guide team to optimize the value of the entire function viz procurement, sourcing and logistics across all verticals of the engineering business. Define and Cascade measurable targets for supply chain performance, such as reducing lead times, improving order accuracy, and increasing on-time delivery rates. Develop and manage the supply chain budget, ensuring financial targets are met. Monitor and control costs related to logistics, warehousing, and procurement to ensure efficient use of resources. Develop and implement Risk Mitigation and crisis management plans for the function to handle disruptions and ensure business continuity. Develop and maintain strategic relationships with key suppliers to ensure continuous improvement in supply chain performance and cost-efficiency. Identify and implement new technologies and innovations to enhance supply chain efficiency and effectiveness. Stay updated with industry trends and advancements. Ensure that supply chain strategies and operations are aligned with customer needs and expectations, improving customer satisfaction and loyalty. Implement a robust performance monitoring and reporting system to track supply chain metrics and provide regular updates to senior management. Use data analytics to drive decision-making. Review SOP and its implementation. Monitor performance, conduct periodic meetings to keep track of all deliverables, drive the outcome and execute suggested measures Lead and oversee the functioning of stakeholders involved from forecast to delivery Review monthly budgets, forecasts, and achievements Manage inventory and establish control measures to ensure company is operating at the highest level of performance and minimal supply chain risk. Support and facilitate idea generation in functions to ensure smooth execution of ongoing projects. Align work execution with short- and long-term targets. Work in close collaboration with Sales, Production, Finance, Product, and other key stakeholders Ensure order compliance: Order confirmations and on-time supply of all the markets (domestic and export). Align the function with the budgeted sales plan and manufacturing capacities Establish and track key performance indicators (KPIs) such as inventory turnover, order fulfillment rates, and supply chain cycle times. Implement corrective actions when targets are not met. Regularly review and report on financial performance, including cost savings, budget adherence, and financial efficiency of supply chain operations. Continuously evaluate and manage supplier performance to ensure quality, cost-effectiveness, and timely delivery. Conduct regular supplier audits and reviews. Oversee the logistics and distribution network to ensure efficient transportation, warehousing, and delivery processes. Optimize routes and transportation modes to reduce costs and improve delivery times. Ensure compliance with all regulatory requirements and maintain accurate documentation for all supply chain activities. Build and develop highly skilled teams to provide adequate business results to the company. Provide strong leadership and managerial support, which includes setting clear expectations, establishing goals and objectives, and motivating the team to achieve their best performance. Coach and mentor team members to develop their skills and enhance their performance through regular feedback, offering guidance and support, and encouraging professional development. Foster a culture of collaboration within the department and encourage communication between cross-functional teams. Define and monitor team performance targets, such as training completion rates, employee satisfaction scores, and team productivity metrics. Manage team-related budgets, including training, salaries, and bonuses. Ensure spending aligns with the overall financial goals and constraints of the organisation. Qualification / Requirements from Candidate Applying for this role: Must be a Full time Graduate Engineer (B.E.)Preferably Mechanical . Post-Graduation MBA from Premiere Institutes like IIM, ISB, etc. would be an added advantage. Minimum 18 + Years of Experience, out of which at least 7+ years of experience should be in a Strategic sourcing role with an Auto Tier -1. Proven track record of understanding the pains and challenges of dealing with Entrepreneurial / Family managed suppliers is essential for this role. Breadth and Depth of Automotive Product Knowledge including but not limited to working closely with departments like R&D, NPD, Manufacturing, Quality and successfully leveraging your strategic sourcing experience in ensuring faster TATs on Future Products. Excellent Understanding of Domestic supply base and Global sourcing. Familiarity with Design & Development approach for BOP components, exposure to automotive standards. Significant Strong leadership skills & experience is required, including strategic sourcing approaches and comprehensive financial and budgetary competence in sourcing financials. Must have extensive knowledge of commodities and components, including understanding configurations, applications, specifications, BOM, and manufacturing processes. Manufacturing Process understanding includes trending technologies in Steel, Forging, Casting, Machining, Bearings, Sheet Metal, Surface Treatment, Plastics. Strong problem solving & analytical skills Knowledge on the pricing of similar products /solutions of international range of suppliers.
