Position Overview
Lead buyer has the job to work side by side with internal stakeholders and external suppliers to create and implement strategic commodity plans for all categories at the lowest total cost which is a cost-effective way. This job includes the creation and coordination of important procurement strategies with the tactical logistical buying team.
Academic Qualification
- Bachelor Degree in Business, Engineering or equivalent
Professional Experience
- Minimum of 7 years strategic buying experience in a manufacturing environment
Professional Certification
Roles and Responsibilities
- Lead the development of and execution of category management strategies for all assigned categories/commodities
- In line with strategic objectives, lead the negotiations to select, appoint and steer a supply base that progresses the company objectives on quality, cost, delivery and innovation
- Work with internal stakeholders to define requirements for sourcing objectives
- Evaluate competitive offers and present sourcing options that meet business requirements Partner with Global Category Leads on global sourcing projects
- Ensure all selected suppliers are compliant to service level agreements
- Lead the supplier expenditure management activities with the respective spend areas
- Conduct in depth cost and spend analysis in order to develop cost savings initiatives through various cost reduction options
- Carry out administrative responsibilities that effectively manage projects and contracting activities
- Lead and expedite vendor selection and purchasing decisions through appropriate competitive bid and strategic sourcing processes (leverage practices, bundling tools, etc)
- Achieve all cost reduction savings targets
- Manage and report on achievements on important purchasing indicators in line with department requirements
- Immediately respond to unforeseen supply failures, working with manufacturing and suppliers to avoid supply chain interruptions.
Competencies
- Comprehensive understanding of construction materials such as Steel, Aluminium and machined parts.
- Experience with managing a total portfolio in excess of $15M
- Capable of leading global negotiations for high value contracts
- Strong knowledge of the key aspects of the RFI/RFQ sourcing process
- Ability to understand value streams, cost drivers and how to break down cost structures
- Ability to understand and develop legal contracts
- Results driven, self- starter, problem solver with proven ability to drive projects to a successful conclusion
- Team oriented and excellent communication skills are essential
- Flexibility to travel on short notice
- Demonstrated proficiency in Microsoft office products with an emphasis on Excel
Salary ranges depending on the experience. Typically, the average salary for a Lead Buyer in India is around Rs.13 lakhs to Rs.15 lakhs annually.
Lead Buyer