Sr Manager
3 days ago
We are hiring for a leading Speciality Chemical company. It has got his head office in Mumbai and has got 2 plants in India. It is also coming up with a new greenfield plant in Bharuch, Gujarat.
Position - Sr Manager / AGM - Procurement (Raw Materials)
Role Objective:
Responsible for ensuring timely availability of high-quality raw materials at competitive prices, while managing supplier relationships and optimizing the procurement process to support the company's production needs.
Job Description:
Sourcing and Procurement:
- Identifying, evaluating, and selecting reliable suppliers for raw materials in areas of specialty/fine/agro/polymer chemical.
- Negotiating contracts and securing favorable terms with suppliers.
- Ensuring timely delivery and adherence to quality standards.
- Developing and implementing procurement strategies that align with the company's business goals.
Cost Management:
- Analyzing and managing raw material costs to optimize the company's budget.
- Identifying opportunities for cost reduction and improvement including negotiating better prices, terms and payment conditions.
- Monitoring and controlling procurement expenses.
Supplier Relationship Management:
- Building and maintaining strong relationships with suppliers, ensuring timely delivery, quality and adherence to contractual agreements.
- Regularly evaluating supplier performance and identifying areas for improvement.
- Addressing any issues or concerns that may arise with suppliers.
Supply Chain Management:
- Ensuring the smooth and efficient flow of raw materials into the production process.
- Developing contingency plans to mitigate potential disruptions in the supply chain.
- Procurement Process:
- To develop and implement Standard Operating Procedures (SOPs) and a procurement process matrix to ensure efficient, cost-effective and compliant procurement process.
Manage Risks and Ensure Compliance:
- Risk Assessment: Identify and assess potential risks in the raw material supply chain, such as price volatility, supply disruptions and regulatory changes.
- Risk Mitigation: Propose strategies to mitigate identified risks, such as diversifying suppliers, building buffer stocks and hedging against price fluctuations.
- Compliance: Ensure that all procurement activities comply with relevant laws, regulations and company policies.
Cross-Functional Collaboration:
- Stakeholder Engagement: Work closely with internal stakeholders, such as production, business development and finance and ensure alignment with procurement activities.
- Market Intelligence & Reporting:
- Continuously monitor and analyze raw material markets, including price fluctuations, supply availability and emerging trends.
- Identify potential threats and opportunities related to raw material procurement based on market intelligence.
- Generate reports and analyse data related to procurement activities to support decision-making.
- Highlight key performance indicators (KPIs): Present data on procurement costs, lead times, and inventory levels to track progress and identify areas for improvement.
- Develop a Supply Chain newsletter covering key areas like raw material, packaging material, general market intelligence, logistics, Supply Chain Risks etc.
Competencies:
Knowledge and skill set required:
- Strategic thinking, result oriented, supplier development & management, market intelligence, analytical, financial acumen, strong negotiation and persuasive communication, networking, quality conscious, audits & compliance,
- MM module of SAP
- Knowledge on Value analysis (VA) and value engineering (VE)
Location: Mumbai, India
Qualification:
Preferably a Bachelor in Chemical Engineering / Post Graduate in Chemistry with at least 10 to 12 years of Raw Material Procurement Experience in Chemical Industry.
MBA (Business Management) degree will be an added advantage
Reporting Manager: Head Supply Chain Management
Interested candidates can also email their CV
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