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Join Finolex Industries Limited – We're Hiring a Head - Direct Purchase

The Head - Direct Purchase is responsible for developing and managing procurement strategies aligned with the company's annual budget and production goals. This role oversees global vendor relationships, ensuring compliance with quality standards and future supply capabilities. The role holder's key responsibilities include driving annual price negotiations, monitoring market movements, and implementing cost-saving strategies to achieve targets. The role also manages the procurement of essential materials such as PVC, CPVC, resins, additives, fuel, coal, and packaging materials, with a focus on strategic sourcing from 500 MT to 10,000 MT primarily via maritime transport. The role holder requires rigorous due diligence and adherence to SAP protocols to maintain accurate vendor records, alongside strategic risk management and collaboration with plant managers for precise demand forecasting and production planning.

Strategy & Planning

- Identifies sustainable, long-term savings opportunities by exploring all potential value levers to sustain dynamic macro factors
- Develop and govern procurement strategies to meet the annual budget and conduct spend analysis to monitor direct purchase sub categories

Process and Execution

- Spearheads global vendor relationships, ensuring rigorous quality checks and the ability of vendors to meet future demands
- Drives annual price and rate negotiations, monitor market price movements, and implement cost-saving strategies to achieve year-over-year cost reduction targets
- Governs oversight of packaging materials procurement, including metal components made of brass and polypropylene products
- Develop and implement purchase strategies specifically for PVC, CPVC, resins, and additives, ensuring alignment with the company's production objectives
- Manages procurement of additional operational materials such as fuel and coal and governs the purchases related to logistics
- Governs strategic procurement for 500 MT to 10,000 MT of materials received primarily through maritime transport
- Identifies supplier and supply chain risks, develops risk mitigation strategies and governs vendor selection basis their financial and technical feasibility
- Works in close collaborations with plant managers to forecast demand accurately and plan production activities accordingly
- Ensures thorough due diligence is conducted for vendors and drives compliance with SAP protocols to keep accurate records for all vendors
- Reviews major procurement contracts; coordinates contract compliance, change orders, and problem resolution in conformance with contract law; consults with legal counsel as required

People and Leadership

- Cascades and governs, performance objectives of the management team and regularly reviews performance of the team
- Defines and Governs, design and implementation of people objectives for the organization
- Champions digitization and automation of processes to improve efficiency and effectiveness of organization processes
- Defines and drives mission, vision and culture of the organization with the leadership team

Key Interactions

- Internal: Manufacturing, PPC, Legal and Finance Teams
- External: Statutory Authorities (Taxation / Custom Officers), Vendors / Partners

Requirements & Skills

- BTech in Petroleum / Chemical Engineering (MBA in SCM is good to have)
- 15+ years of strong exposure in direct procurement with last few years in a similar position
- Exposure in handling direct procurement for at least INR 2000 CR spend value

Why Join Finolex Industries Limited?

A dynamic work environment with a rich legacy.

Exciting career growth opportunities in a future-oriented industry.

Inclusive work environment and a culture of mutual respect.

A motivated team that values collaboration and innovation.

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