TECHNICAL BUYER-GLOBAL SOURCING

Section C: Key stakeholders andtheir expectations:

Key Stakeholders

List

Key Expectations of Stakeholders

Internal

Planning and Logistics Team

Demand forecasting, Inventory management inputs, Delivery updates

PMO Team

Supplier identification for product development as per global requirements

Operations Team

Synchronization of supply chain processes with production schedules to meet quality and customer expectations

Finance Team

Cost management and accurate financial reporting for procurement and logistics.

External

Suppliers/Vendors

On-time delivery of components, adherence to service-level agreements (SLAs), and supplier risk mitigation.

Logistics Partners

Efficient, cost-effective transportation and distribution of products.

Service Providers

Reliable and high-quality support for logistics and distribution operations.

Regulatory Authorities

Full compliance with import/export regulations and industry standards.

Defining ResultOutcomes

Key Expectations of Stakeholders

Result Outcomes to achieve expectations

Process Improvement

Drive continuous improvement in sourcing processes, identifying and implementing best practices and process enhancements to increase sourcing efficiency and effectiveness

Strategy Development

Develop and implement comprehensive global sourcing strategies that aligned with the companys strategic objectives and operational needs

Supplier empanelment

New supplier induction and development to expand the supplier base and ensure a robust supply chain.

Supplier repository

Updating the supplier data bank at the category level for effective supplier management.

Supplier Selection and Qualification

Provide inputs for supplier selection and qualification processes, evaluating potential suppliers based on capabilities, quality, cost, and reliability

Cross-functional Collaboration

Coordinate with cross-functional teams to align sourcing activities with operational requirements and project goals

Compliance and Quality Assurance

Adhere to sourcing policies and procedures, ensuring compliance with organizational standards and industry regulations

Budgeting

Support in Zero Base Costing (ZBC) of parts for cost reduction and process optimization.

Documentation Management

Manage and maintain sourcing documentation, including supplier contracts, agreements, and performance reports

Defining Enabling Outcomes:

Result Outcomes to achieve expectations

Enabling outcomes to achieve results outcomes

Operational Enhancement

Identifying and implementing best practices and process enhancements to increase sourcing efficiency and effectiveness

Market Research

Utilizing market intelligence to inform sourcing decisions and strategies based on market trends, supply chain dynamics, and commodity pricing

Supplier empanelment

Following a robust process for supplier empanelment which is compliant and risk minimizing

Supplier repository

Maintaining record of supplier database

Interdepartmental Coordination

Facilitating communication and collaboration with engineering, production, and quality assurance teams to address any sourcing challenges