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Educational Background and Work ExperienceCA/ICWAEngineer/MBA
Candidates should be from manufacturing industry preferred.Purpose:To support CPC team in strategic sourcing by providing input in terms of (1) should be cost/ index linked cost/ TCO/ Benchmarking etc. (2) exploring alternative vendors (3) industry analysisTo support Head Commercial Strategyin various initiatives such as (1) Proprietary procurementreduction (2) reviewing the performances of Joint Venture Companies (3) GST implementation etc.
Key Result Areas (Key Performance Indicators)Cost OptimisationStrategic Initiatives such as publishing monthly commodity newsletter capturing trends in industriesService LevelsStandardisation of ProcessRisk MitigationTeam-mates development in analyticsReviewing performance of Joint Venture Companies
Critical TasksKRA's and Key ActivitiesTo help category managers in costing of materials to be procured based on Clean sheeting/ Should be cost/ Index linked costing/ TCO/ benchmarking etc(a) To publish monthly Commodity News Letter for tracking the trends of commodities along with manufacturing sector environment (b) To help plants in reduction of proprietary procurement by 10%,(c) To prepare annual budget document and analyze/ track savings.Promptly providing cost estimation of materials to be procured within agreed time frame.Drafting, formulating, and implementing SOPs for category managers to enhance process efficiencyTo help category manager in exploring alternate vendors from new geographiesDeveloping matrix for evaluating financial & commercial capability of vendorsTo develop colleagues in analyticsTo support Head Commercial Strategy in reviewing the performance of Joint Venture Companies
CompetenciesSelf-driven, result oriented, time-managementsScoping of situation, problem solvingFunctional expertise on steel industry trends, financial analysisAdvance analytics, communication & presentation skillCoordinating with teams at different locations/ verticals.
Key Success Factors - ChallengesUnderstanding of steel and related industry dynamics and movement of prices of related commoditiesAnalyzing the abnormal situation and come up with recommendations in quick span of timeCoordinating with colleagues from plants/ verticals to achieve the desired outcome in a timely manner