To conceptualise and oversee the overall sourcing strategy for the assigned unit / projects for various direct material /engineering material procurement to aid in production of quality products and contributing ultimately on growth and profitability targets of O2C business
SECTION III: KEY RESPONSIBILITIES AND ACCOUNTABILITIES OF THE ROLE
Responsibilities
Functional Planning & Strategy
Provide inputs in creating the procurement strategy inline with internal guidelines & create Annual Operating Plan (AOP) in consultation with GMS team
Oversee end to end execution / implementation of functional plans and track achievement to functional targets/goals as per Annual Operating Plan
Collaborate with leadership team to identify new initiatives/ projects and set operational plans that meet these future demands
Participate in budgeting cycle & process and provide inputs on budget allocation for own sub-function/ team
Oversee deployment of own budget and ensure efficient utilization and minimum variance in target v/s actual
Stay abreast of the developments in the domain and identify best practices for in-house implementation
Procurement Operations
Achieve the mandated product/spares quality through cost efficient and timely procurement within the budget
Collaborate with multiple stakeholders as Business teams, technology teams etc. for implementing cost optimisation/value maximisation opportunities
Review exception process against various KPIs and take suitable corrective actions
Monitor current inventory levels vis a vis lead time to achieve timely replenishment and maintaining safety stock levels
Oversee escalations for timely settlement of supplier related issues, commercial/dispute settlement against claims etc.
Provide thought leadership on various developments in GST/tax structure to own team and ensure maximum availment of such prevailing benefits
Oversee timely availment of GST credit by own team and intervene for any support needed e.g. relevant documents pending from supplier
Review the Master Supplier List (MSL) on a periodic basis and update as per agreed frequency
Guide teams to enter into strategic long term contracts with OEMs
Facilitate technical services for chemical and catalysts performance enhancement and bring down costs.
Supplier Management & Development
Identify potential suppliers for various procurement requirements and ensure adherence to established procedure for supplier evaluation
Forge and maintain strong relationship with critical suppliers through frequent connect with their senior leadership team and providing adequate support
Review supplier performance inline with their agreed obligations and create improvement plan / provide requisite support as required
Communicate feedback on performance to respective suppliers and convey RIL expectations w.r.t performance standards
Policies, Processes and Procedures
Create policies, processes, and procedures covering all areas of procurement operations and ensure adherence to relevant procedural / legislative requirements and internal guidelines
Promote a culture of innovation and continuous improvement through adapting to changes in standards, changes in the business environment and adoption of leading practices
Oversee escalated non-compliance cases and recommend processes to reduce non-compliance
Stay abreast of latest developments in technology and provide direction to own team for digital technology adoption and adherence to established guidelines
Risk Management
Stay abreast of various risks as geopolitical/supplier/location/currency based risks which could impact critical procurement and develop suitable contingency plans
Achieve preparedness of own team to handle unforeseen emergencies such as natural calamities, geopolitical situations etc. to ensure continuity of procurement operations while minimum disruption in plant operations
Oversee adherence and compliances towards HSE and RIL guidelines w.r.t all suppliers
Oversee the closure of all audit points and ensure agreed actionable are implemented within timelines
People Management
Participate in recruitment activities & ensure retention / engagement of own team
Set performance objectives of own team, evaluate / appraise team members and provide regular feedback & guidance
Guide, mentor and develop own team to take larger and complex responsibilities
Evaluate training and development requirements for own team and make recommendations for learning interventions
SECTION IV: SUCCESS METRICS
Timely placement of orders
Timely procurement and delivery of materials and services
On time payment to suppliers
Timely closure of audit points
100% compliance to P&C processes, SOPs and systems
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