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Strategic Raw Materials Sourcing Manager
2 weeks ago
Job Overview
The Procurement Specialist of Raw Materials plays a pivotal role in securing essential raw materials for production processes. This position involves developing procurement strategies, managing supplier relationships, ensuring cost-effectiveness, and maintaining quality and timely delivery of raw materials.
Key Responsibilities:
- Raw Materials Sourcing: Review purchase requisitions and float RFQ as per plan received from the planning team
- Negotiation and Procurement: Negotiate best prices and issue PO to L1 as per approval of AVP & VP Procurement, following procurement SOP
- Supply Chain Management: Ensure timely delivery of material (OTIF), diligence in follow-ups with suppliers, ensure timely payments, vendor reconciliations etc.
Procurement Strategy Development:
- Trend Analysis: Develop and implement procurement strategies for raw materials to ensure cost-effectiveness and efficiency, analyzing market trends and identifying potential risks and opportunities in the raw materials market.
- Supplier Evaluation: Identify, evaluate, and select suppliers based on quality, cost, and delivery capabilities, building and maintaining strong relationships with suppliers and negotiating favorable terms and conditions.
Cost Optimization:
- Budget Management: Manage the procurement budget for raw materials and ensure compliance with financial targets
- Value Addition: Implement cost-saving initiatives and continuously seek opportunities to reduce procurement costs
Quality Control:
- Quality Assurance: Ensure that all raw materials procured meet required quality standards and specifications, collaborating with Quality Assurance team to address any quality issues and implement corrective actions
- Inventory Management: Work closely with Inventory Management team to ensure optimal stock levels of raw materials, implementing inventory control measures to minimize wastage and reduce excess stock
Compliance and Risk Management:
- Risk Identification: Ensure compliance with relevant regulations, standards, and company policies, identifying potential risks in procurement process and developing mitigation strategies
- Culture Development: Foster a collaborative and high-performance culture within procurement team, promoting teamwork and open communication
Requirements:
- Educational Qualifications: Master's degree in supply chain management, Business Administration, or related field. Professional certification (e.g., CPM, CPSM) preferred
- Professional Experience: Minimum 5 years of experience in procurement, with focus on raw materials, demonstrating strong knowledge of procurement principles, practices, and strategies
- Skills: Excellent negotiation and communication skills, proven ability to manage supplier relationships and build strong partnerships, strong analytical and problem-solving skills, proficiency in procurement software and tools, SAP knowledge a must