Lead RM Sourcing and Vendor Development

Position Description

Position Purpose

Strategic Responsibilities

• Plan, build & execute a strategic sourcing methodology; ensure cost optimization
• Identify and develop vendors for obtaining timely procurement, involved in techno-commercial negotiations and finalize contracts
• Develop strategic partnerships with vendors
• Develop raw material sourcing strategies, vendor identification management; establishing vendor qualification and re-qualification process
• Provide support in assessing supplier quality and develop parameters for choosing the right suppliers
• Plan and implement best practices in supplier quality and vendor development
• Drive identification of supply chain risk and developing mitigation strategies

Operational Responsibilities

• Ensure timely procurement of right quality of raw material and packing material as per business plan
• Ensure procurement cost is well within budgeted cost
• Maximize creditors day by higher credits on inputs and low inventories
• Maintain ARC/AMC of service providers
• Keep track on all legal aspects and ensure compliance with statutory requirements
• Ensure all measures required for maintaining various ISO systems
• Assist in identifying non-moving items as per norms and propose NPA in consultation with Engineering, Packaging Lab & Quality Control department
• Ensure material reconciliation with sub-contractors as per defined frequency and maintenance of proper records for outsourcing
• Facilitate resolution of problems related to misunderstanding or misinterpretation of product specifications or quality standards
• Vendor Development
• Identify materials with vendor development needs
• Consolidate requirement across materials with vendor synergy and collate specifications
• Provide guidance for market scanning of potential vendors
• Float RFI/RFP to identified vendors
• Shortlist vendors and conduct rate negotiations
• Supplier Relationship Management
• Ensure clear supplier segmentation
• Review classification of active suppliers into strategic/ critical/ leverage/ routine segments
• Support supplier performance evaluation
• Provide supplier scores on ‘Responsiveness’ to assess supplier quality
• Evaluate outcome of supplier evaluation and send automated scorecards to suppliers
• Support supplier risk assessment
• Evaluate outcome of supplier risk scored and take necessary action
• Identify supplier development initiatives
• Basis outcome of supplier performance evaluation and risk assessment, identify development initiatives
• Prioritize initiatives and monitor implementation of initiatives as per annual action plan
• Supplier Quality Management
• Implement quality systems and implementation for product quality consistency with outsourcing partners and suppliers
• Establish annual budget for Sourcing & Vendor Development team and ensure that the team operates within the budget

Financial Responsibilities

People Responsibilities

• Inform & discuss supplier quality related matters with suppliers & internal customers
• Facilitate initiatives for training need identification and building requisite skills & competencies through systematic training & skill-upgradation initiatives for the team
• Actively drive, in conjunction with the Senior Management Team, the performance management process of the team
• Recognize & reward excellent performers & affirm key contributions of employees toward the achievement of goals & objectives of the team
• Inspire & motivate employees through demonstrated commitment to PI’s values, vision & mission and active participation in various team engagement activities

Education Qualification

• B. Tech/B.E. – Mechanical/ Chemical
• PG - MBA/PGDM Graduate (Supply Chain/ Operations)

Work Experience

• 18 + years of experience in the field of raw material sourcing from India & abroad
• Experience in sourcing chemical raw material from China is essential

Industry to be Hired from

Functional Competencies

Interaction Complexity and Team Work