Sr Manager (Procurement & Sourcing)

Position: Sr Manager  (Procurement & Sourcing)

Department: Purchase / Supply Chain Management
Reporting To:  Head Procurement
Location: Sri City

Job Purpose

To lead strategic sourcing, procurement, supplier development, cost optimization, localization initiatives, and supply chain risk management for production materials, MRO items, imports, and non-BOM procurement. The role is responsible for ensuring uninterrupted supply, driving cost competitiveness, supporting new product development, and building a high-performing procurement team aligned with organizational goals.

Key Responsibilities

Strategic Procurement & Sourcing

• Develop and implement procurement and sourcing strategies aligned with business objectives.
• Manage domestic procurement, import sourcing, non-BOM procurement, and MRO purchasing activities.
• Build and maintain a competitive, sustainable, and diversified supplier base.
• Develop sourcing strategies to mitigate single-source dependency and ensure supply continuity.

Cost Management & Productivity Improvement

• Lead cost reduction initiatives through negotiations, alternate sourcing, value engineering, and process improvements.
• Monitor market trends, commodity movements, and industry developments to identify opportunities for savings.
• Analyze procurement spend and implement strategies for cost optimization and waste reduction.
• Drive annual productivity and cost-saving projects to meet business targets.

Supplier Development & Relationship Management

• Identify, evaluate, qualify, and develop strategic suppliers.
• Negotiate commercial agreements, contracts, and long-term partnerships with suppliers.
• Drive continuous improvement in supplier performance related to quality, delivery, cost, and service.
• Ensure supplier compliance with company standards, quality requirements, and sustainability expectations.

Supply Chain Risk Management

• Conduct supplier risk assessments and implement mitigation plans to ensure business continuity.
• Monitor supplier financial, operational, and capacity-related risks.
• Develop contingency sourcing plans for critical commodities and materials.

New Product Development & VA/VE Support

• Collaborate with R&D, Engineering, and Manufacturing teams on new product development projects.
• Support Value Analysis / Value Engineering (VA/VE) initiatives through supplier innovation and alternate material development.
• Ensure timely sourcing and development support for new product launches.

Operations & Inventory Management

• Oversee the purchase order lifecycle from sourcing to delivery.
• Ensure optimum inventory levels while maintaining uninterrupted material availability.
• Coordinate with Planning, Production, Quality, and Logistics teams to support operational requirements.
• Drive packaging optimization initiatives to reduce logistics costs and improve material handling efficiency.

Compliance, Ethics & ESG

• Ensure procurement activities comply with company policies, legal requirements, and regulatory standards.
• Lead procurement operations in accordance with the organization's Code of Ethics.
• Promote Environmental, Social, and Governance (ESG) initiatives within the supplier ecosystem.
• Drive responsible sourcing and sustainability practices across the supply chain.

Team Leadership & People Development

• Lead, mentor, and develop procurement team members.
• Establish performance objectives, training plans, and career development programs.
• Build a culture of accountability, collaboration, and continuous improvement within the team.

Key Performance Indicators (KPIs)

• Annual Cost Savings Achievement
• Localization & Import Substitution Targets
• Supplier OTIF (On-Time In-Full) Performance
• Supplier Quality Performance (PPM/Rejection Levels)
• Inventory Turnover & Working Capital Improvement
• Supply Risk Mitigation Effectiveness
• New Product Development Support
• VA/VE Savings Achievement
• ESG & Sustainability Compliance
• Team Capability Development

Qualifications & Experience

• Bachelor's Degree in Engineering / Mechanical / Electrical / Industrial Engineering (MBA preferred).
• 12-17 years of experience in Procurement, Strategic Sourcing, Supplier Development, and Supply Chain Management in a manufacturing environment.
• Strong expertise in cost management, contract negotiation, supplier development, imports, localization, and inventory optimization.
• Experience in ERP systems (SAP preferred) and procurement analytics.
• Strong leadership, stakeholder management, negotiation, and problem-solving skills.