Basic Section

Organisational

Skills

Skill

Education Specialization

Minimum Qualification

Job Description

• Financial Excellence. Strategic Sourcing and Negotiation to Save CostDevelop and implement strategic sourcing strategies to optimize costs.Negotiate contracts and terms with suppliers to ensure favorable pricing and service levels.Maintain supplier relationships to improve supply chain efficiency and cost savings.Identify cost reduction opportunities while ensuring quality and reliability.. Inventory Management EfficiencyImprove inventory management processes to enhance operational efficiency.Implement best practices for stock control, particularly in factory MRO, CAPEX, and project purchases.Monitor and analyze inventory data to reduce excess stock and minimize obsolescence.Collaborate with internal stakeholders to forecast demand accurately.Safety Excellence. Supplier ManagementEstablish a structured supplier evaluation and selection process based on quality, cost, service, and reliability.Conduct regular supplier audits to ensure compliance with company policies and industry standards.Develop supplier risk management strategies to mitigate potential supply chain disruptions.Foster long-term partnerships with key suppliers for continuous improvement.. Emergency Purchase Rate ReductionIdentify root causes of emergency purchases and implement preventive measures.Streamline procurement planning to reduce unplanned purchases and associated costs.Improve supplier contracts to ensure timely availability of critical materials.Enhance forecasting and collaboration with departments to minimize last-minute buying.Project Execution & CAPEX Purchases –Preparing budget and planning for projects assigned by management.Understanding of project process, ensuring all team members and stakeholders are working cohesively toward the same goal.Timely processing of purchase requisitions in line with Sourcing guidelines and defined strategiesBuild and maintain strong relationships with key suppliers and contractors, fostering collaboration and ensuring timely delivery and adherence to quality standards.Explore cost optimization opportunities e.g. scope optimization, alternative source suggestion, VA/VE etc. to execute the project or capex purchase in optimum cost.Monitoring vendor payment & retentions periodically, closure of open issues with stakeholderDevelop, negotiate, and manage contracts and agreements with suppliers, ensuring compliance with company policies and legal requirements.Stay abreast of industry trends and best practices in procurement and capital project management.Learning & Growth. Process ImprovementEnsure all procurement activities comply with company policies and external regulations.Implement continuous improvement initiatives to enhance procurement efficiency.Standardize procurement processes for indirect, MRO, CAPEX, and promotional purchases.Monitor procurement KPIs to identify areas for optimization.. Team ManagementLead and develop the procurement team to foster a high-performance culture.Provide training and mentorship to enhance team skills and knowledge.Encourage collaboration within the team and across departments.Set clear objectives and monitor performance against procurement goals.Operational Excellence. Reporting and AnalysisDevelop and maintain procurement reports to track cost savings, supplier performance, and efficiency.Use data analytics to identify trends and inform decision-making..