1. Develop strategic sourcing initiatives to specific category management ( ie Chemistry, Solvents, General consumables, etc )
2. Finalizing contracts and agreement for repeated procurements and services. Identifying alternate vendors for single source items and single geography procurement and develop strategy to identify alternate and different geography sources as mitigation
3. Developing strategic sourcing initiatives, including spend analysis, category management, Supply-demand market intelligence, negotiations, Benchmarking, clean-sheet costing, and ensuring process compliance and high levels of customer satisfaction.
4. Supplier optimization, aligning with strategic goals, supplier evaluation, development and executing strategic supplier relationship management with key suppliers.
5. Build overall expertise around the category by developing supply-demand market intelligence, technology trends, competitive advantage and price benchmarking etc.
6. Identifying supply risks and quantifying risk exposure, and executing risk mitigation actions
7. Cost optimization on developing alternate and using effective negotiation on category wise and freezing contracts for pricing, discount and rebate structure
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