Head - Strategic Sourcing

Role Overview :

- The position will ensure efficient operations by overseeing Procurement, Sourcing, Vendor management, and Logistics optimization.
- The incumbent will oversee Strategic Material Sourcing, Supplier relationship management, and inventory control for cost-effective, quality-driven outcomes.
- The incumbent will evaluate and analyse lag and lead indicators, past performance data to forecast needs, and production scheduling to meet the budgeted targets of plants.
- Enhancing logistics efficiency, managing costs, mitigating risks, and driving continuous process improvement are crucial part of the role to ensure seamless supply chain operations aligned with business goals.

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Key Responsibilities:

- Develop strategies, policies, procedures, and guide team to optimize the value of the entire function viz procurement, sourcing and logistics across all verticals of the engineering business.
- Define and Cascade measurable targets for supply chain performance, such as reducing lead times, improving order accuracy, and increasing on-time delivery rates.
- Develop and manage the supply chain budget, ensuring financial targets are met. Monitor and control costs related to logistics, warehousing, and procurement to ensure efficient use of resources.
- Develop and implement Risk Mitigation and crisis management plans for the function to handle disruptions and ensure business continuity.
- Develop and maintain strategic relationships with key suppliers to ensure continuous improvement in supply chain performance and cost-efficiency.
- Identify and implement new technologies and innovations to enhance supply chain efficiency and effectiveness. Stay updated with industry trends and advancements.
- Ensure that supply chain strategies and operations are aligned with customer needs and expectations, improving customer satisfaction and loyalty.
- Implement a robust performance monitoring and reporting system to track supply chain metrics and provide regular updates to senior management. Use data analytics to drive decision-making.
- Review SOP and its implementation. Monitor performance, conduct periodic meetings to keep track of all deliverables, drive the outcome and execute suggested measures
- Lead and oversee the functioning of stakeholders involved from forecast to delivery
- Review monthly budgets, forecasts, and achievements
- Manage inventory and establish control measures to ensure company is operating at the highest level of performance and minimal supply chain risk.
- Support and facilitate idea generation in functions to ensure smooth execution of ongoing projects. Align work execution with short- and long-term targets.
- Work in close collaboration with Sales, Production, Finance, Product, and other key stakeholders
- Ensure order compliance:
Order confirmations and on-time supply of all the markets (domestic and export).
- Align the function with the budgeted sales plan and manufacturing capacities
- Establish and track key performance indicators (KPIs) such as inventory turnover, order fulfillment rates, and supply chain cycle times. Implement corrective actions when targets are not met.
- Regularly review and report on financial performance, including cost savings, budget adherence, and financial efficiency of supply chain operations.
- Continuously evaluate and manage supplier performance to ensure quality, cost-effectiveness, and timely delivery. Conduct regular supplier audits and reviews.
- Oversee the logistics and distribution network to ensure efficient transportation, warehousing, and delivery processes. Optimize routes and transportation modes to reduce costs and improve delivery times.
- Ensure compliance with all regulatory requirements and maintain accurate documentation for all supply chain activities.
- Build and develop highly skilled teams to provide adequate business results to the company.
- Provide strong leadership and managerial support, which includes setting clear expectations, establishing goals and objectives, and motivating the team to achieve their best performance.
- Coach and mentor team members to develop their skills and enhance their performance through regular feedback, offering guidance and support, and encouraging professional development.
- Foster a culture of collaboration within the department and encourage communication between cross-functional teams.
- Define and monitor team performance targets, such as training completion rates, employee satisfaction scores, and team productivity metrics.
- Manage team-related budgets, including training, salaries, and bonuses. Ensure spending aligns with the overall financial goals and constraints of the organisation.

Qualification / Requirements from Candidate Applying for this role:

- Must be a Full time Graduate Engineer (B.E.)Preferably Mechanical.
- Post-Graduation MBA from Premiere Institutes like IIM, ISB, etc. would be an added advantage.
- Minimum 20+ Years of Experience, out of which at least 7+ years of experience should be in a Strategic…