You will be taken to Elgi Equipments Ltd.’s own careers page to apply. Job ID JOB896.
Job description
Job Description Part 1 :: Job Description
Section A: Job Position:
Job Position
Technical Buyer-Materials
Band (M1 to M5)
M1-B/M1-C
BU / Function
Operations
Level (1 to 6)
Reporting to
Sr Manager- Technical Buyer
Location
India
Jobs Reporting into
NA
Section B: Defining the Purpose of the Job:
Purpose
The role holder is individual contributor responsible for driving and executing Sourcing and Cost Reduction strategies to optimize supply chain operations and achieve cost efficiencies. This role involves managing supplier relationships, sourcing activities, and ensuring that sourcing practices align with organizational goals and industry best practices. The role holder contributes to strategic sourcing initiatives, enhances supplier performance, and supports global procurement processes, thereby ensuring the company's competitive edge and operational excellence in a dynamic market environment.
Explore opportunities
Find Your Next MNC Job
Stop checking thousands of career pages. Find MNC jobs in one place.
Supplier identification for product development as per global requirements
Operations Team
Synchronization of supply chain processes with production schedules to meet quality and customer expectations
Finance Team
Cost management and accurate financial reporting for procurement and logistics.
External
Suppliers/Vendors
On-time delivery of components, adherence to service-level agreements (SLAs), and supplier risk mitigation.
Logistics Partners
Efficient, cost-effective transportation and distribution of products.
Service Providers
Reliable and high-quality support for logistics and distribution operations.
Regulatory Authorities
Full compliance with import/export regulations and industry standards.
**: This list is indicative. It may vary for each role.
Section D: Defining Result Outcomes:
Key Expectations of Stakeholders
Result Outcomes to achieve expectations
Process Improvement
Drive continuous improvement in sourcing processes, identifying and implementing best practices and process enhancements to increase sourcing efficiency and effectiveness
Strategy Development
Develop and implement comprehensive Sourcing strategies on Supplier development and Cost management initiatives that are aligned with the company’s strategic objectives and operational needs
Supplier empanelment
New supplier induction and development to expand the supplier base and ensure a robust supply chain.
Supplier Selection and Qualification
Provide inputs for supplier selection and qualification processes, evaluating potential suppliers based on capabilities, quality, cost, and reliability
Cross-functional Collaboration
Coordinate with cross-functional teams to align sourcing activities with operational requirements and project goals
Compliance and Quality Assurance
Adhere to sourcing policies and procedures, ensuring compliance with organizational standards and industry regulations
Budgeting
Support in Zero Base Costing (ZBC) of parts for cost reduction and process optimization.
Documentation Management
Manage and maintain sourcing documentation, including supplier contracts, agreements, and performance reports
Section E: Defining Enabling Outcomes:
Result Outcomes to achieve expectations
Enabling outcomes to achieve results outcomes
Operational Enhancement
Identifying and implementing best practices and process enhancements to increase sourcing efficiency and effectiveness
Market Research
Utilizing market intelligence to inform sourcing decisions and strategies based on market trends, supply chain dynamics, and commodity pricing
Interdepartmental Coordination
Facilitating communication and collaboration with engineering, production, and quality assurance teams to address any sourcing challenges
Regulatory Adherence & Quality Control
Conducting audits and reviews to assess adherence to sourcing practices and identify areas for improvement
Supplier Performance Assessment
Analyzing key performance indicators (KPIs) and metrics to assess supplier effectiveness and implementing corrective actions as needed
Budgeting
Adhere to the Zero Base Costing (ZBC) process of parts for cost reduction and process optimization.
Don’t Miss Your Next MNC JobGet job updates in our community›
