Job PurposeThe person in charge is the owner of the Raw materials portfolio (Commodity & Chemicals) & is fully accountable to drive all the deliverables (strategic sourcing, Cost & Cash savings, contract management etc.) under the full scope of Source to Contract cycle.Roles & Responsibilities

• Frame Procurement Strategies to deliver Supply Chain objectives in terms of cost control, process improvements, supplier development, working capital management and financial benefits for the Company.
• Prepare category wise material budgets & ensure buying within budget.
• Negotiate and ensure continuous supply of materials (right quantity at right quality & right price) to all Business Units.
• Monitor Commodity price trends & price forecasting. Review Commodity procurement plan and apply buying strategies to provide business a competitive edge.
• Create material portfolio strategy through comprehensive fundamental & technical analysis as well as detailed market study and align the same with Business Heads to bring it to action
• Manage key supplier relationships in line with the business strategies to improve supplier performance.
• Create a strong material & supplier resilience program, including localisation initiatives to minimise/mitigate supply security risks
• Support Supply Chain Management aspects of new business development, including selection of suppliers, defining commercial approach.
• Ensure alignment between the business areas and the Supply Chain organization

KPIs

• Budget vs. Actual (spend within budget)
• Cost & Cash Efficiencies
• Internal Customer Engagement & overall procurement wellbeing
• Sustainable sourcing readiness of key materials
• Periodic engagement with Business Heads on multiple initiatives to align & debottleneck
• Supply resilience program, focusing on single sourcing risk mitigation & localisation
• Supplier Performance Improvement rating
• Supplier Innovation Day
• Annual cost savings workshop

Work experience requirementEssential: 8 - 10 years of experience in ProcurementPreferred: 2-5 years of FMCG experience in an MNC in Asia Pacific region (Middle east experience is ideal)Qualification

• MBA/CIPS/ Materials Management

CompetenciesStrategic ThinkingOwnership & Result OrientationCost ManagementBusiness AcumenSourcing Policy and ProcessVendor ManagementGlobal Markets and Commodities Business TrendsSelf and Team ManagementPlanning & Decision MakingChange ManagementBusiness Unit: Corporate-Finance (4198)Business Group: Finance (234)

IFFCO