GM - Strategic Procurement

4 weeks ago

Mumbai, Maharashtra, India VVF Group Full time

Key Responsibilities:

Planning and Strategizing

  • Develop a Procurement Strategy for sourcing the RM portfolio in line with Oleochemical business objectives and dynamics
  • Strategic sourcing of Palm Oil, Mustard and associated commodities to ensure continuous availability at competitive price.
  • Envisage and drive key strategic projects in supply chain for changing needs of the business and derive better efficiencies in the value chain.
  • Price and Volume forecasting for key RM :: Provide inputs for decision making. Ensure delivery of agreed volume @ competitive cost and credit terms
  • Drive Lean inventory including Vendor Managed Inventory with extended supplier credit.
  • Lead processes of Cost Reduction, sourcing Strategy Development, Supplier Selection, Rate Negotiations and Capacity planning for oil portfolio
  • Transformation & Continuous Improvement :: Capture Supply market insights and translate the same into Buying Opportunities at Global scale.
  • Implementing & ensuring best commercial practices between Suppliers and VVF

Policy and Process Design, Implementation and Review

  • Based on Annual Plan make RM plan and monitor on monthly basis.
  • Compare Import / Domestic prices and take right decision.
  • Prepare and Track Monthly MIS compared to ABP , Previous Year, Previous Month and Plan.
  • Monitor incoming raw material delivery and ensure Procurement OTIF above 95% ( Plan vs Actual).
  • Monitor and prepare the Deviation report for Actuals v/s Procurement Plan.

Coordination, Interface, Imparting Training to Internal and External entities

  • Co-ordinate with Marketing and Plant to report sustainability before due date.
  • Understanding Mustard demand and ensure proper planning to optimize cost as well as smooth availability.

Management of performance, capability and morale

  • Deliver and drive savings delivery through focused transformation initiatives.
  • Deliver value through supplier deliver programs and employee development (team members) programs.

Digital Transformation and buying analytics

  • Develop and deploy insightful digital tools for sharp decision making.

Key Skills:

  • Knowledge about vegetable oil market, structure, assembly, pricing etc.
  • Knowledge of manufacturing processes in a relevant chemical denominated industry
  • Analytical skills
  • Negotiation, influencing skills and stakeholder management
  • Hands on supplier development and people development
  • Supply planning and execution skills
  • Deep data analysis and forecasting skills
  • Strong conceptual knowledge of the sourcing function

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