Sr Manager / AGM - Procurement (Raw Materials)

We are hiring for a leading Speciality Chemical company. It has got his head office in Mumbai and has got 2 plants in India. It is also coming up with a new greenfield plant in Bharuch, Gujarat.

Position - Sr Manager / AGM - Procurement (Raw Materials)

Role Objective:

Responsible for ensuring timely availability of high-quality raw materials at competitive prices, while managing supplier relationships and optimizing the procurement process to support the company's production needs.

Sourcing and Procurement:

• Identifying, evaluating, and selecting reliable suppliers for raw materials in areas of specialty/fine/agro/polymer chemical.
• Negotiating contracts and securing favorable terms with suppliers.
• Ensuring timely delivery and adherence to quality standards.
• Developing and implementing procurement strategies that align with the company's business goals.

Cost Management:

• Analyzing and managing raw material costs to optimize the company's budget.
• Identifying opportunities for cost reduction and improvement including negotiating better prices, terms and payment conditions.
• Monitoring and controlling procurement expenses.

Supplier Relationship Management:

• Building and maintaining strong relationships with suppliers, ensuring timely delivery, quality and adherence to contractual agreements.
• Regularly evaluating supplier performance and identifying areas for improvement.
• Addressing any issues or concerns that may arise with suppliers.

Supply Chain Management:

• Ensuring the smooth and efficient flow of raw materials into the production process.
• Developing contingency plans to mitigate potential disruptions in the supply chain.
• Procurement Process:
• To develop and implement Standard Operating Procedures (SOPs) and a procurement process matrix to ensure efficient, cost-effective and compliant procurement process.

Manage Risks and Ensure Compliance:

• Risk Assessment: Identify and assess potential risks in the raw material supply chain, such as price volatility, supply disruptions and regulatory changes.
• Risk Mitigation: Propose strategies to mitigate identified risks, such as diversifying suppliers, building buffer stocks and hedging against price fluctuations.
• Compliance: Ensure that all procurement activities comply with relevant laws, regulations and company policies.

Cross-Functional Collaboration:

• Stakeholder Engagement: Work closely with internal stakeholders, such as production, business development and finance and ensure alignment with procurement activities.
• Market Intelligence & Reporting:
• Continuously monitor and analyze raw material markets, including price fluctuations, supply availability and emerging trends.
• Identify potential threats and opportunities related to raw material procurement based on market intelligence.
• Generate reports and analyse data related to procurement activities to support decision-making.
• Highlight key performance indicators (KPIs): Present data on procurement costs, lead times, and inventory levels to track progress and identify areas for improvement.
• Develop a Supply Chain newsletter covering key areas like raw material, packaging material, general market intelligence, logistics, Supply Chain Risks etc.

Competencies:

Knowledge and skill set required:

• Strategic thinking, result oriented, supplier development & management, market intelligence, analytical, financial acumen, strong negotiation and persuasive communication, networking, quality conscious, audits & compliance,
• MM module of SAP
• Knowledge on Value analysis (VA) and value engineering (VE)

Location: Mumbai, India

Qualification:

Preferably a Bachelor in Chemical Engineering / Post Graduate in Chemistry with at least 10 to 12 years of Raw Material Procurement Experience in Chemical Industry.

MBA (Business Management) degree will be an added advantage

Reporting Manager: Head Supply Chain Management

Interested candidates can also email their CV at ajay.gandhi@cielhr.com.