This opportunity is with one of theleading Machine Tool manufacturing company in India.
Job Location- Hosur
Working Days- 6 Days
Manage procurement of components on end-to-end basis like procurement, receipt quality, delivery, inventory management.
Ascertain material requirements, releasing schedules to suppliers, ensuring material availability as per the production plan
Governing inventory management functions so as to maintain optimum inventory level
Evaluate existing supplier performance from time to time and to provide them with feedback in order to improve their overall performance (based on quality, cost, delivery & service)
Plan and conduct physical inventory periodically and ensure inventory variance within target.
Understand, design and Improvise on warehouse management system for better space utilization, housekeeping and material traceability
Attend daily production meeting for finalizing the rolling plan
Negotiations with suppliers for price settlement of new components
Monitoring commodity prices and ensuring price amendments in system after necessary approval
Vendor analysis; assessing the performance of the suppliers based on various criteria such as cost, quality delivery, responsiveness, product development process
Settlement of commercial issues of the suppliers
Ensure supplier capacities to meet current and future needs
Negotiating with suppliers and capturing material cost reduction.
Supporting value analysis and value engineering initiatives to reduce material cost.
Guidelines to SCM department on SOB for effective procurement and minimisation of material cost.
Evaluating and developing new suppliers based on capability, sustenance, and logistics etc
Benchmarking of major commodities.
