Procurement Expert

Procurement Leader

We are seeking a highly skilled Procurement Leader to drive category strategy, negotiate with vendors, and ensure the attainment of strategic procurement objectives. The ideal candidate will possess strong leadership skills, excellent communication abilities, and a deep understanding of supply market dynamics.

Key Responsibilities:

• Develop and implement global supplier relationship strategies leveraging knowledge of supply market landscape and dynamics.
• Monitor supply market dynamics across peer organizations for benchmarking purposes.
• Use business insights to leverage opportunities and ensure effective communication within Procurement, creating an informational advantage supporting strategic decision making.
• Responsible for developing and implementing global supplier relationship strategies leveraging the informational advantage coming from the knowledge of supply market landscape and dynamics.
• Initiate, design, and support delivery of specific strategic projects and initiatives considering all relevant financial, operational, qualitative, and regulatory aspects.
• Facilitate and communicate the global supplier landscape design, implementation, optimization, and integration of the flow of materials and related financials.
• Drive annual performance improvements via strategy work and applicable metrics.
• Build up and maintain supplier relationship experience roadmap and ensure that processes meet and reflect overall expectations.
• Focus on achieving procurement-related savings.
• Assist in analyzing all Supplier Cost within EPD Procurement in relation to India supplies.

Strategic Orientation:

• Forecast price trends, industry trends of direct materials, conduct predictive analysis, and help devise long-term and short-term procurement strategy in alignment with the larger strategy to proactively support revenue and division margin growth, evolve a cost-efficient procurement function.
• Facilitate identification of supply chain risks associated with cost, supply, quality, etc. by analysis of market trends, regulatory changes, etc. to ensure consistency with the Business Continuity Plan.

Vendor Management:

• Develop and maintain strategic relationships with raw material suppliers to ensure procurement of high-quality materials, optimized procurement cost, and timely deliveries.
• Negotiate with vendors for high-value contracts and guide the team in negotiation required to ensure high-quality procurement at optimum cost and as per norms and standards.
• Drive vendor management practices such as vendor classification, vendor performance measurement and feedback, vendor rewards and recognition, etc. to ensure uninterrupted supply of material/services.

Tracking and Control:

• Prepare and monitor the budget and ensure maximize positive Procurement Price Variance to manage spend for raw material procurement across.
• Drive compliance to local and global purchasing policies, Corporate Purchase Policies, and Code of Conduct to ensure zero critical observations.
• Facilitate resolution of audit queries and drive CAPA planning and closure against audit observations by driving the team to provide necessary support to ensure statutory and process compliance.

Data Management:

• Customize procurement process framework and policies as per region, by periodic review/updates/additions of SOPs to continuously improve service levels and ensure compliance.

Stakeholder Management:

• Set and manage expectations with stakeholders (Commercial, Planning, Finance, TPMs, MST, Regulatory, Quality, etc.) w.r.t Procurement SLAs, PPVs, product certification, strategic vendor actions, sourcing strategies, vendor quality adherence, etc.

Cost Optimization:

• Monitor cost optimization initiatives such as alternate vendor development, in-house vs. outsourcing evaluation, vendor rationalization, bulk purchases, contractual commitments, strategic vendor partnerships, payment terms evaluation, joint cost reduction exercises to ensure meeting annual procurement cost optimization targets.

Problem Solving:

• Leverage knowledge, people networks inside and outside the company, out-of-the-box thinking to resolve problems impacting Business Delivery and Continuity (e.g. delay in receipt of material, urgent RM requirements, regulatory challenges, etc. pertaining to procurement or commercial expectations).

Team Management:

• Develop a high-performance team by continuous monitoring and provision of guidance to develop an efficient RM procurement function.
• Identify improvement areas and conduct/drive initiatives for training sessions to upskill people to ensure functional knowledge of procurement process is imbibed.

Continuous Improvement:

• Analyze parameters (for e.g. spend analytics) across every aspect from Procure to Pay, analyze and benchmark against best-in-class organizations to ensure process gaps are identified and mitigated.

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