Senior Manager Sourcing

• Lead and guide the team of raw material procurement managers for developing category strategy, negotiating with vendors etc. to ensure that the strategic procurement objectives met consistently.
• Develop supply market insight capability within the Procurement organization to increase knowledge of supply market dynamics, composition, trends and gain a comprehensive understanding of the market landscape and business models from a macro and micro economic perspective covering Procurement.
• Monitor supply market dynamics across peer organizations also for benchmarking purposes.
• Use business insights to leverage opportunities. Ensure an effective communication process within Procurement helping to create an informational advantage supporting strategic decision making.
• Responsible for developing and implementing global supplier relationship strategies leveraging the informational advantage coming from the knowledge of supply market landscape and dynamics.
• Initiate, design and support to deliver specific strategic projects and initiatives considering all relevant financial, operational, qualitative and regulatory aspects.
• Ensure that impacts to operations driven by regulatory requirements are minimized and/or leveraged for competitive advantage
• Facilitate and communicate the global supplier landscape design, implementation, optimization and integration of the flow of materials and the related financials
• Drive annual performance improvements via strategy work and applicable metrics.
• Build up and maintain supplier relationship experience roadmap and ensure that processes meet and reflect EPD overall expectations
• Focus on achieving LRP Procurement related savings
• Assist in analysing of all Supplier Cost within EPD Procurement in relation to India supplies
• Recruit, mentor, train and develop relevant India team members.

Strategic Orientation

• Forecast price trends, industry trends of direct materials, conduct predictive analysis and help devise long term and short-term procurement strategy (including e-procurement) in alignment with the larger EPD strategy to proactively support revenue and division margin growth (market beating growth), evolve a cost-efficient procurement function
• Facilitate identification of supply chain risks associated with cost, supply, quality etc. by analysis of market trends, regulatory changes etc. to ensure consistency with the Business Continuity Plan

Vendor Management

• Develop and maintain of strategic relationships with raw material suppliers to ensure procurement of high quality materials, optimized procurement cost and timely deliveries
• Negotiate with vendors for high value contracts and guide the team in negotiation required to ensure high quality procurement at optimum cost and as per Abbott norms and standards
• Drive vendor management practices such as vendor classification (for e.g. strategic vs. transactional), vendor performance measurement and feedback, vendor rewards and recognition etc. to ensure uninterrupted supply of material/services

Tracking and Control

• Prepare and monitor the budget and ensure maximize positive Procurement Price Variance to manage spend for raw material procurement across EPD
• Drive compliance to local and global Abbot purchasing policies, Corporate Purchase Policies and Code of Conduct to ensure zero critical observations
• Facilitate resolution of audit queries and drive CAPA planning and closure against audit observations by driving the team to provide necessary support to ensure statutory and Abbott process compliance

Data Management

• Customize procurement process framework and policies as per region, by periodic review/ updates/ additions of SOPs to continuously improve service levels and ensure compliance

Stakeholder Management

• Set and manage of expectations with stakeholders (Commercial, Planning, Finance, TPMs, MST, Regulatory, Quality etc.) w.r.t Procurement SLAs, PPVs, product certification, strategic vendor actions, sourcing strategies, vendor quality adherence etc.

Cost Optimization

• Monitor cost optimization initiatives such as alternate vendor development, inhouse vs. outsourcing evaluation, vendor rationalization, bulk purchases, contractual commitments, strategic vendor partnerships, payment terms evaluation, joint cost reduction exercises to ensure meeting annual procurement cost optimization targets

Problem Solving

• Leverage knowledge, people networks inside and outside the company, out of the box thinking to resolve problems impacting Business Delivery and Continuity (e.g. delay in receipt of material, urgent RM requirements, regulatory challenges etc. pertaining to procurement or commercial expectations)

Team Management

• Develop a high-performance team by continuous monitoring and provision of guidance to develop an efficient RM procurement function
• Identify improvement areas and conduct/drive initiatives for training sessions to upskill people to ensure functional knowledge of procurement process is imbibed

Continuous Improvement

• Analyze parameters (for e.g. spend analytics) across every aspect from Procure to Pay, analyze and benchmark against best-in-class organizations to ensure process gaps are identified and mitigated