AGM/DGM - RM Sourcing

Role Objective:

Responsible for ensuring timely availability of high-quality raw materials at competitive prices, while managing supplier relationships and optimizing the procurement process to support company's business needs.

Sourcing and Procurement:

• Identifying, evaluating, and selecting reliable suppliers for raw materials in areas of specialty/fine/agro/polymer chemical.
• Negotiating contracts and securing favorable terms with suppliers. Identifying opportunities for cost reduction and improvement including negotiating better prices, terms and payment conditions.
• Ensuring timely delivery and adherence to quality standards.
• Developing and implementing procurement strategies that align with the company's business goals.

Supplier Relationship Management:

• Building and maintaining strong relationships with suppliers, ensuring timely delivery, quality and adherence to contractual agreements.
• Regularly evaluating supplier performance and identifying areas for improvement.
• Addressing any issues or concerns that may arise with suppliers.

Supply Chain Management:

• Ensuring the smooth and efficient flow of raw materials into the production process.
• Developing contingency plans to mitigate potential disruptions in the supply chain.
• To develop and implement Standard Operating Procedures (SOPs) and a procurement process matrix to ensure efficient, cost-effective and compliant procurement process.

Manage Risks and Ensure Compliance:

• Risk Assessment: Identify and assess potential risks in the raw material supply chain, such as price volatility, supply disruptions and regulatory changes.
• Risk Mitigation: Propose strategies to mitigate identified risks, such as diversifying suppliers, building buffer stocks and hedging against price fluctuations.
• Compliance: Ensure that all procurement activities comply with relevant laws, regulations and company policies.

Market Intelligence & Reporting:

• Continuously monitor and analyze raw material markets, including price fluctuations, supply availability and emerging trends.
• Identify potential threats and opportunities related to raw material procurement based on market intelligence.
• Generate reports and analyse data related to procurement activities to support decision-making.
• Highlight key performance indicators (KPIs): Present data on procurement costs, lead times, and inventory levels to track progress and identify areas for improvement.

Competencies:

Knowledge and skill set required:

• Strategic thinking, Result oriented, Supplier development & management, Market intelligence, Analytical, Financial acumen, Strong negotiation and persuasive communication, Networking, Quality conscious, Audits & compliance
• MM module of SAP
• Knowledge on Value analysis (VA) and value engineering (VE)

Qualification: Bachelors in Chemical Engineering / Post Graduate in Chemistry. MBA degree will be an added advantage

Nature of Experience: 10 to 15 years of new product raw material procurement experience in Specialty / Agrochemical / Pharma Industry in CDMO environment, having strong exposure and understanding of Specialty chemical RM import from China.