Senior Manager - Sourcing - Fan/Electrical Business

Position Objective : The primary purpose of the role is generating and implementing efficient sourcing and category management strategies. Analysing costs of procurement and suggest methods of cost reduction, minimize supply risks with better supplier selection, increase revenue and give visibility into pricing and forecasting.

Principal Responsibility :

- Develop the Sourcing Strategy & Plan for IAQ BU

- Review and Monitor Sourcing Strategy & Plan

- Cost Reduction

- People Management

Develop the Sourcing Strategy & Plan :

- Design competent sourcing strategies for overall market to increase the efficiency and effectiveness of the function.

- Define the international guidelines for supplier/vendor selection and ensure the quality guidelines defined by Company are adhered to.

- Focus on the Total Cost of Ownership (TCO) incorporating customer needs, organizational goals, and market conditions.

- Develop and monitor the annual operating plan for sourcing considering internal and external factors

- Develop, review & authorize annual sourcing forecasts & material procurement strategy

- Define the plan to monitor supplier performance and periodic supplier evaluation.

Review and Monitor Sourcing Strategy & Plan :

- Monitor the identification and assessment of suppliers and selection of new / existing suppliers

- Define supplier standards and communicate requirements to key suppliers

- Ensure maintenance of supplier master data and identification of preferred and secondary suppliers

- Monitor supplier performance and periodic supplier evaluation and ranking

- Monitor supply market analysis & ensure stock prices are monitored in the commodity market for critical raw material

- Review the calculation of the deviation between planned & actual - delivery time, quantity, quality and the conduct of root cause analysis

Cost Reduction :

- Identify cost reduction opportunities in materials sourcing across international geographies

- Drive cost savings through effective negotiations with materials and logistics service providers.

People Management :

- Supervise, manage & lead the team members towards achieving the department objective and periodically monitor their assigned job duties.

- Train and coach departmental employees on functional and technical competencies

- Devise an Individual Development Plan for each of the employees post the performance appraisal discussions.

Key Interfaces :

- Internal Interfaces - MCD, Product design, Quality, PPG, Production etc

- External Interfaces - Vendors / Suppliers

Internal Interfaces : Sales and Marketing, HR and Admin, Logistics, Material Control Department, Production, Quality, Design, Accounts

External Interfaces - Vendors and suppliers, Global Procurement Websites, Government agencies