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Develop and Execute Sourcing Strategy:
Identify and Qualify Suppliers:
Establish and Implement a process of swiftly identifying and qualifying suppliers meeting the Product/Service Specifications, Quality, Financial, Technology, and Risk requirements to support innovations with the targeted GM%.
Establish and Maintain Supplier Relationship & Contracts:
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Prepare process/guidelines for creating robust contracts covering supply, cost, and quality risks.
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Ensure that contracts are formally executed and are kept updated.
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Deploy Suppliers Performance Tracking Score Card based on Aligned KPIs.
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Implement a supplier development plan to improve supplier’s performance -cost, quality, lead time.
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Deploy system to track the contract/SLA. Ensure the 95% compliance of contracts & SLA’s.
Implement Strategic Sourcing Process
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Create competitive advantage through sourcing and continuously improve and re-evaluate the purchasing activities.
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Develop and manage suppliers to acquire goods and services in a way that aids in achieving the immediate needs of a business.
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Select vendors to supply a product that is routinely purchased including the definition of product requirements, identification of qualified suppliers, negotiation of pricing, service, delivery and payment terms and supplier selection.
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Deploy selective strategy to manage suppliers according to volume/risk.
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Develop and deploy a global sourcing program to help counter supply/cost risk by using counter season produce as well as low cost sourcing.
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Develop & Deploy an effective commodity strategy, i.e. futures/options buying to hedge/minimize the risk of cost upheavals.
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Develop/execute e-sourcing strategy utilizing technology/resources to improve sourcing performance.
Leverage Market Knowledge/Intelligence:
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Continuously broaden/deepen market knowledge/intelligence to help drive better sourcing opportunities viz cost/quality/risk.
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Possess knowledge of different market structures & their implication on purchasing strategy.
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Participates in the development of segmenting the purchases by market structure and product type.
Implement Effective Outsourcing Program:
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Create/Implement system for Strategic outsourcing analysis to help evaluate make/buy decisions at appropriate frequency.
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Transition and sustain outsourced business through effective supplier management/development.
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Recommendation of Termination/replace suppliers to mitigate risk and improve performance.
Lead integrated total cost of ownership reduction plan:
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Create/implement process to reduce total cost of ownership on the assigned categories by altering to cost effective formula/packaging, consolidation, cost analysis, cost benchmarking etc.
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Reduce/Minimize cost upcharges by applying techniques like-Economic Price Adjustments, Establishing Cost Breakdowns, Negotiations and Joint Cost Savings Projects.
Facilitate Cost/Profit Forecasting:
Implement system to timely provide cost forecast for finished products/other products critical to revenues/bottom line.
Organization Contributions:
Compliance to Purchasing Procedures, Systems, Legal and Internal Control Compliance:
Executing of Purchasing/Procurement process/policy incorporating local/international Legal and Internal control requirements and delegation of authority.
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