Lead-Sourcing

Job Requirements

This role is to

a) Develop Strategic sourcing model for Appearance parts for a Watch (Watch and Components like Watch Case, Straps, Dials, Hands, etc…)

b) Demand, Supply and Inventory management.

c) Meeting Multi Stakeholders requirements with Solution provider mind set & WIN: WIN approach

d) Legal, Statutory and Ethical Compliance Management

e) To establish & ensure all the commercial transaction in line with IFC / SOP.

External Interfaces

Internal Interfaces

• Vendors: IND and Overseas
• Suppliers & Subcontractors
• Government & Regulatory authorities
• Industry forums
• Communities & NGO’s

• 
  Demand Planning & Merchandising (DOM & IBD)
• Central Planning
• New Product Development
• HKO: Sourcing
• Sourcing Verticals: Premium, Indirect & Logistics, Mfg. Plants and COE, Full Watch vertical
• Assembly
• Quality Function
• Commercial
• Indirect taxation
• Finance
• Logistics Coordination
• IT

Job Requirements

Education

Engineering Graduate/ Post-Graduate: Mechanical, EEE or ECE with Masters/ MBA / PGDMA

Relevant Experience

UG: 15+ years, PG: 12+ years

Behavioural Skills

• Good Interpersonal & Communication skill
• Ability to influence key stakeholders.
• Ability to lead diverse team.
• Developing a high performing team
• Develop higher engagement with Vendors & Suppliers
• Elevated level of perseverance with positive energy

Ideal Profile

• Preferably from Manufacturing/ FMCG background with 20+ Vendors
• Should be revered in entire procurement life cycle (Development till Delivery) of domestic and overseas sourcing
• Business acumen in direct material procurement (no Indirect or Capex)
• Quality Planning, Control, and Improvement process
• Product costing and Pricing process
• Negotiation process
• Number of SKUs more than 1000
• Should have handled a team of 7-8 reportees (Direct/ Indirect)
• Exposure to ERP / IT and Emerging technologies
• Vendor Relationship Management Practices
• Planning methodologies – Demand, Production, and Inventory Mgt.
• Sound in SAP / EPR and new digital applications
• Ability to analyse complex data, draw connections and advocate a coherent strategy for improvement.

Expected Process Contributions

Expected Process Contribution

Process Outcome

Performance Measure

Strategic Sourcing

1. Develop, Implement & review Sourcing strategy for appearance parts – PAN India and Overseas

2. Supply chain Risk management.

3. Collaborative capacity Management

4. Supplier Market Analysis

• Long term and Annual business plan

• 
  Risk Mitigation Plan
• Material cost control
• Supply – Demand trend analysis
• Optimized Sourcing plan for the year and mid term (1-3 years)
• Continuity of Supply
• Total Cost ownership
• Price discovery and Benchmarking

Demand & Delivery Management

1. Capacity Planning

2. Flexibility Management

3. Capability building

4. Bottleneck Management

5. New Product Development

• Delivering to Market Demand / Agreed Plan

• 
  Weekly Volume & Monthly Aligned delivery for new products and Overall Volume

Inventory Management

1. Inventory Planning by incorporating Business requirements and other sourcing aspects.

2. Managing by monitoring and mid-course correction / initiatives

3. Aiming to minimise / eliminate aged inventory

• Inventory in line with Business requirement.
• Declining trend on aged and excess inventory: Month on Month

• Inventory plan vs actual for Sourcing.
• Aged inventory & Excess inventory plan vs actual

Innovation

1. Process innovation.

2. Product innovation by collaborating with Vendor partners and ISCM ecosystem

• Re-Imagining sourcing for 2030
• New Features / New Product offering to Brands / Market
• No of AI / ML / IT / BI improvements
• 5 New features year on year
• Break through offering for cost competitiveness

Make In India

1. Developing a Dashboard for MII Index

2. Showcasing & Sharing to IND ecosystem on an ongoing basis on the Imports: Features & Cost

3. Capability building & Planning for change over

• Maximise Make in India
• Declining trend on China dependability on UCP value

Vendor Partnering

1. Co creating solution end to end delivering to Market requirement.

2. New Vendor & Alternate vendor exploration on an ongoing basis

3. Vendor relationship Management through engagement initiatives and communication

• 
  Vendor continuity & sustainability
• Delivering to business requirement
• V-SAT score

Cost Management

1. Budgeting Process Management

2. Cost reduction focus

3. Pricing Process Management

• Budgeting Process
• Cost reduction / Savings Plan for the year and Mid term

• 
  Cost structure analysis
• Price revision calendar
• Credit Terms
• Material Budget & Mat cost % at Brand level
• Min 3% w.r.t Material budget
• Material cost % at Brand level

Compliance to System and Processes

1. Legal & Statutory compliance

2. Ethical Process / Policy

3. Audit: Internal / External

• SOA & SOD
• Compliances to systems & Procedure
• No Major audit findings
• Compliance to IFC and SOA

People Management

1. Competency Development

2. R&R

3. Career Planning & Training intervention planning

• Enhanced Employee motivation
• Enhanced Engagement
• Enhancement of Engagement and Survey outcome
• FCM and IDP Plans