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 sourcing role with an Auto Tier -1.
• Proven track record of understanding the pains and challenges of dealing with Entrepreneurial / Family managed suppliers is essential for this role.
• Breadth and Depth of Automotive Product Knowledge including but not limited to working closely with departments like R&D, NPD, Manufacturing, Quality and successfully leveraging your strategic sourcing experience in ensuring faster TATs on Future Products.
• Excellent Understanding of Domestic supply base and Global sourcing.
• Familiarity with Design & Development approach for BOP components, exposure to automotive standards.
• Significant Strong leadership skills & experience is required, including strategic sourcing approaches and comprehensive financial and budgetary competence in sourcing financials.
• Must have extensive knowledge of commodities and components, including understanding configurations, applications, specifications, BOM, and manufacturing processes.
• Manufacturing Process understanding includes trending technologies in Steel, Forging, Casting, Machining, Bearings, Sheet Metal, Surface Treatment, Plastics.
• Strong problem solving & analytical skills
• Knowledge on the pricing of similar products /solutions of international range of suppliers.