Client
A Leading Iron & Steel Company
Job Summary
Overall management of the procurement activities of the plant within the parameters of the Annual Operation plan in a cost effective and timely manner.
Responsible for managing all procurement activities including supplier selection, contract administration whilst adhering to the quality, and cost standards of the company.
Duties And Responsibilities
| 1 | Coordinate with production units to prepare a baseline(estimate) procurement plan, based on annual production plan and maintenance schedule |
| 2 | Co-ordinate with the user department to prioritize the indent and regularly monitors the indent status and take necessary action for order fulfillment |
| 3 | Develop and document procurement policies and procedures. |
| 4 | Simplify ordering process by categorizing of products, empanelment of vendors, fixation of prices(wherever possible), negotiation of rates ,bulk purchasing, adopting effective vendor assessment and vendor management strategy etc |
| 5 | Vendor Management – Selection, Development, Assessment and consolidation of vendors |
| 6 | Contract Management (Define Terms and Condition) and ensures continuous monitoring of the contract. |
| 7 | Ensures regular follow up with vendor for timely delivery of material and minimize losses due to delays. |
| 8 | Ensure that necessary approvals are obtained for Purchase orders where required (Techno-commerical clearances, on comparative statement, NFA for high value etc.) |
| 9 | Convene negotiation committee meetings and negotiates pricing with the suppliers. |
| 10 | Ensure adequate market research and enquiry floating is carried out before offer compilation |
| 11 | Maintains optimal inventory level using analysis such as ABC analysis, 80-20 principles etc |
| 12 | Responsible for resolution of all issues related to quality, specifications, revalidations, damages/losses, etc. |
| 13 | Oversees the timely order placement (Posting), order release and dispatch for required materials and services. |
| 14 | Ensure maintenance of updated information records such as master vendor list, price master for ARC etc. at all times. |
| 15 | Ensures that all statutory, legal, tax, import-export requirements are met at all times. Also ensures correctness in all kinds of related documentations. |
| 16 | Develop alternate/secondary suppliers for all critical material. |
| 17 | Analyze procurement history to find areas for potential cost reduction. |
| 18 | Monitors performance metrics (KPI’s) to understand service and efficiency trends for each vendor/suppliers and identify opportunities for improvement. Shares performance information with the Team and suppliers to develop collaborative approaches to correct inefficient behaviors or fix system disconnects. |
| 19 | Ensure procured material is supplied to the businesses as per specified quantity, quality & timelines |
| 20 | Ensure all escalations under his purview are closed within the SLA stated timelines |
Job Specifications
| Educational Qualification | B.E (Mechanical/Electrical), MBA is preferable |
| Experience | 10+ years experience in a supply chain role. |
Performance Measures
| 1 | Zero production loss on account of non-availability of material |
| 2 | Ensure optimal inventory level above the threshold level for all the critical items |
| 3 | Improvement in procurement cycle time |
| 4 | Ensure technical, financial and legal robustness of the contract |
| 5 | Vendor development for the critical items |
| 6 | Ensure best quality at optimal price |