Procurement Manager
4 weeks ago
Purpose of the Role:
To drive excellence in procurement through various strategic initiatives.
Key Deliverables of the Role:
• Strategic category Management.
• Enabling Sales by ensuring Material availability to internal & external customers of planned & unplanned demand thru material planning as per desired inventory norms set by organization to achieve competitive edge.
• Ensuring Business Continuity through Value chain dominance (upstream sourcing, disintermediation), Supply Risk mitigation (Alternate Vendor development, Strategic relationships, Exploring substitutes) and Sustainable sourcing.
• Effective Supplier Relationship Management to deliver Marico desired performance from Vendors through Category Supplier Management deployment, Supplier Performance management, Negotiation tools deployment (RFQ, eauctions, offline negotiations, tendering), Contract Management & Supplier Lifecycle Management.
• Ensuring GRC in Procurement through Transaction Governance for commodities spend of 150+ Cr in the Sourcing to Contracting & Purchase to Pay process, Risk Management through vulnerability assessment & action planning, Automation of Controls and Compliance to various statutory requirements (VAT, Excise, IT, Customs, FTA, Biodiversity & Commercial requirements (LC, Payment mechanisms, Incoterms, Insurance, Forex)
• Improving Transaction Productivity through redesigning the Procurement related process to improve speed, accuracy, reduce resource usage by introducing algorithmic thinking & making them touch-free.
• Talent Management through talent capability development, succession & career planning, inculcating Marico Values & Culture.
Knowledge, Skills & Competencies:
• Business Acumen
• Analytical Skills
• Negotiation Skills
• Opportunity seeking
• Planning & Execution
• Creative & exploratory Mindset
• System & Process Orientation
• Activity Based Costing/Cost Cascades
• Mental dexterity (Resilience, managing cognitive dissonance, avoid fear & greed)
• Managing scale & complexity
• Statuary requirement of compliances (FSSAI, FTP, VAT, Excise, IT, Customs, FTA, Works Contract, Service Tax, APMC, Contract Farming Act)
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