Astral - Category Head

2 days ago

Mumbai, Maharashtra, India Astral Limited Full time

Category Strategy:

1. Develop and implement a comprehensive category strategy that aligns with overall organizational goals and objectives.

2. Analyze market trends, industry developments, and competitive landscape to identify opportunities for cost savings, innovation, and risk mitigation.

3. Assess the category's significance to the organization's overall business goals and objectives.

4. Define segmentation criteria that can help categorize products or services within the broader category.

5. Analyze the category's spend, volume, and strategic importance to the organization.

6. Segment the category based on subcategories, geographical locations, and other relevant factors.

7. Identify key suppliers, their capabilities, and market positioning.

8. Establish specific performance metrics and key performance indicators (KPIs) to measure the success of the strategy.

Innovation and Continuous Improvement:

1. Stay abreast of industry trends, emerging technologies, and best practices in building material management.

2. Drive innovation by exploring new materials, sustainable practices, and process improvements to enhance efficiency and sustainability.

3. Explore opportunities for innovation within the category, such as introducing new materials, processes, or technologies.

4. Integrate sustainable practices by considering environmentally friendly options and minimizing the category's environmental footprint.

5. Establish procedures for handling non-conforming products or services, including corrective and preventive actions.

Quality and Compliance:

1. Establish and enforce quality standards for building materials, ensuring they meet industry specifications and regulatory requirements.

2. Monitor and assess supplier compliance with quality standards, safety protocols, and ethical practices.

3. Ensure that products or services within the category comply with applicable laws, regulations, and industry-specific requirements.

4. Stay updated on changes in regulations that may impact the category.

5. Establish reporting mechanisms to communicate quality and compliance performance to internal stakeholders and management.

Cost Management:

1. Assess the complete cost of acquiring, using, and maintaining products or services within the category, including direct and indirect costs.

2. Analyze total cost of ownership for building materials, considering factors such as acquisition costs, transportation, storage, and waste management.

3. Implement cost reduction strategies while maintaining product quality and availability.

4. Develop a strategic approach to negotiating favorable pricing and terms with suppliers.

5. Utilize benchmarking and market analysis to establish reasonable price expectations.

6. Negotiate volume discounts, rebates, and incentives based on purchase volumes or long-term commitments.

7. Collaborate with internal stakeholders to accurately forecast demand and align it with supply.

8. Implement strategies to manage demand fluctuations and avoid excess inventory or shortages.

9. Establish reporting mechanisms to track and analyze cost-related metrics and KPIs.

10. Communicate cost-saving achievements to relevant stakeholders and management.

(ref:iimjobs.com)

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