Lead- Feedstock Sourcing
Reliance Industries Limited
Date: 3 weeks ago
City: Ludhiāna, Punjab
Contract type: Full time
Role: Lead Feedstock Supply Chain Management
Segmentation & survey
l Develop sourcing strategy for all feedstocks
l Assess risk associated with feedstock and energy supply and develop risk mitigation strategies to cost effectively reduce risk to the business.
l Develop relationships with existing and prospective suppliers to create competition and supply alternatives that lead to reduced costs with high security of supply.
l Develop relationships within the RBL procurement network to leverage RBL purchasing power and knowledge.
l Value chain mapping of the feedstock
Prospecting & approach
l Actively scout the feedstock source to explore and identify new opportunities besides existing feedstock sources and actively manage the feedstock opportunity.
l Lead option generation that includes commercial, specification and demand levers and choices of priorities
l Collection of the references & contact data
Market intelligence
Develop an understanding of core supply and demand drivers for all feedstocks and energy for the business.
l Monitor industry changes to feedstock and energy supply, including regulatory changes that could impact supply.
l Be aware of and participate in RBL sustainability goals when sourcing feedstocks and energy for the site.
l Develop and improve business processes related to feedstock and energy procurement.
Planning
l Lead option generation that includes commercial, specification and demand levers and choices of priorities
l Conduct Feedstock Supplier Management activities (research, identify, and validate the credibility of our new Circular Feedstock suppliers
l Monthly plan and annual plan against indent and availability
l Further weekly and daily planning of the material
l Plan Vs actual daily, weekly, monthly & annual
l Monthly cash out flow plan, Performance analysis based on net cost to GCV.
Vendor relationship management
l Develop and lead Feedstock Supplier Relationship teams, where applicable, to drive continuous performance improvement (annual target development, quarterly progress, etc)
l Monthly meeting with the vendors and taking their feedback
l Work across multiple cross-functional teams, where you will be expected to have influence without authority
l Festive greetings and distribution of gifts to them on time to time
l Professional relationship and sort out the concern they raised on time to time
l Straight & transparent communication with them
l Sharing of company news as well future growth, new development on time to time.
Negotiation
l Manage contract status of feedstocks and energy to timely conduct bid proposals.
l Negotiate and maintain contracts and supplier relationships that cost effectively manage risk and cost.
l Ensure contracts adhere to RBL standards and specifications.
l Person should possess good negotiation skill and be prepared all the requirement before start discussion
Closure & ordering
l There should possess written consent note of both the parties on common agreed terms of closure & ordering.
l Person should ensure collection of all the documents / requirements for ordering before leaving the closure meeting.
l It is necessary to check and approved all the consent note submission before issuing of order and ensure to taken back confirmation / acceptance.
Skills/Competencies
Technical Skills
Knowledge of contract negotiation, risk evaluation and mitigation, sourcing strategy development, and a track record of delivering cost savings through identifying opportunities and driving complex supplier negotiations to closure.
Experience developing and managing contracts.
Experience with ERP system i.e. SAP
Segmentation & survey
l Develop sourcing strategy for all feedstocks
l Assess risk associated with feedstock and energy supply and develop risk mitigation strategies to cost effectively reduce risk to the business.
l Develop relationships with existing and prospective suppliers to create competition and supply alternatives that lead to reduced costs with high security of supply.
l Develop relationships within the RBL procurement network to leverage RBL purchasing power and knowledge.
l Value chain mapping of the feedstock
Prospecting & approach
l Actively scout the feedstock source to explore and identify new opportunities besides existing feedstock sources and actively manage the feedstock opportunity.
l Lead option generation that includes commercial, specification and demand levers and choices of priorities
l Collection of the references & contact data
Market intelligence
Develop an understanding of core supply and demand drivers for all feedstocks and energy for the business.
l Monitor industry changes to feedstock and energy supply, including regulatory changes that could impact supply.
l Be aware of and participate in RBL sustainability goals when sourcing feedstocks and energy for the site.
l Develop and improve business processes related to feedstock and energy procurement.
Planning
l Lead option generation that includes commercial, specification and demand levers and choices of priorities
l Conduct Feedstock Supplier Management activities (research, identify, and validate the credibility of our new Circular Feedstock suppliers
l Monthly plan and annual plan against indent and availability
l Further weekly and daily planning of the material
l Plan Vs actual daily, weekly, monthly & annual
l Monthly cash out flow plan, Performance analysis based on net cost to GCV.
Vendor relationship management
l Develop and lead Feedstock Supplier Relationship teams, where applicable, to drive continuous performance improvement (annual target development, quarterly progress, etc)
l Monthly meeting with the vendors and taking their feedback
l Work across multiple cross-functional teams, where you will be expected to have influence without authority
l Festive greetings and distribution of gifts to them on time to time
l Professional relationship and sort out the concern they raised on time to time
l Straight & transparent communication with them
l Sharing of company news as well future growth, new development on time to time.
Negotiation
l Manage contract status of feedstocks and energy to timely conduct bid proposals.
l Negotiate and maintain contracts and supplier relationships that cost effectively manage risk and cost.
l Ensure contracts adhere to RBL standards and specifications.
l Person should possess good negotiation skill and be prepared all the requirement before start discussion
Closure & ordering
l There should possess written consent note of both the parties on common agreed terms of closure & ordering.
l Person should ensure collection of all the documents / requirements for ordering before leaving the closure meeting.
l It is necessary to check and approved all the consent note submission before issuing of order and ensure to taken back confirmation / acceptance.
Skills/Competencies
Technical Skills
Knowledge of contract negotiation, risk evaluation and mitigation, sourcing strategy development, and a track record of delivering cost savings through identifying opportunities and driving complex supplier negotiations to closure.
Experience developing and managing contracts.
Experience with ERP system i.e. SAP
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