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 Responsibilitie     s:

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,…