AGM/DGM - RM Sourcing

Novopor Advanced Science; Mumbai; On-site; INR 1,500,000 - 2,300,000; Full time

Job summary

Novopor Advanced Science seeks a procurement leader to ensure timely availability of high-quality raw materials at competitive prices. You will manage supplier relationships, negotiate contracts and implement procurement strategies to support business goals.

Your role includes sourcing, risk mitigation and continuous improvement across the supply chain.

Qualifications

• Bachelor's in Chemical Engineering or equivalent.
• MBA degree will be an added advantage.
• Strong knowledge of procurement processes, supplier evaluation, and contract negotiation.

Responsibilities

• Identify, evaluate and select reliable raw material suppliers for specialty/fine/agro/polymer chemicals.
• Negotiate contracts and secure favorable terms including price, payment conditions and delivery schedules.
• Develop and implement procurement strategies aligned with business goals.
• Build and maintain strong supplier relationships and monitor performance.

Skills

Strategic thinking

Supplier development

Market intelligence

Analytical

Financial acumen

Negotiation

Communication

Networking

Audits & compliance

Education

Bachelor's in Chemical Engineering

MBA (advantage)

Tools

SAP MM

Job description

Role Objective:

Responsible for ensuring timely availability of high-quality raw materials at competitive prices, while managing supplier relationships and optimizing the procurement process to support company's business needs.

Sourcing and Procurement:

• Identifying, evaluating, and selecting reliable suppliers for raw materials in areas of specialty/fine/agro/polymer chemical.
• Negotiating contracts and securing favorable terms with suppliers. Identifying opportunities for cost reduction and improvement including negotiating better prices, terms and payment conditions.
• Ensuring timely delivery and adherence to quality standards.
• Developing and implementing procurement strategies that align with the company's business goals.

Supplier Relationship Management:

• Building and maintaining strong relationships with suppliers, ensuring timely delivery, quality and adherence to contractual agreements.
• Regularly evaluating supplier performance and identifying areas for improvement.
• Addressing any issues or concerns that may arise with suppliers.

Supply Chain Management:

• Ensuring the smooth and efficient flow of raw materials into the production process.
• Developing contingency plans to mitigate potential disruptions in the supply chain.
• To develop and implement Standard Operating Procedures (SOPs) and a procurement process matrix to ensure efficient, cost-effective and compliant procurement process.

Manage Risks and Ensure Compliance:

• Risk Assessment: Identify and assess potential risks in the raw material supply chain, such as price volatility, supply disruptions and regulatory changes.
• Risk Mitigation: Propose strategies to mitigate identified risks, such as diversifying suppliers, building buffer stocks and hedging against price fluctuations.
• Compliance: Ensure that all procurement activities comply with relevant laws, regulations and company policies.

Market Intelligence & Reporting:

• Continuously monitor and analyze raw material markets, including price fluctuations, supply availability and emerging trends.
• Identify potential threats and opportunities related to raw material procurement based on market intelligence.
• Generate reports and analyse data related to procurement activities to support decision-making.
• Highlight key performance indicators (KPIs): Present data on procurement costs, lead times, and inventory levels to track progress and identify areas for improvement.

Competencies:

Knowledge and skill set required:

• Strategic thinking, Result oriented, Supplier development & management, Market intelligence, Analytical, Financial acumen, Strong negotiation and persuasive communication, Networking, Quality conscious, Audits & compliance
• MM module of SAP
• Knowledge on Value analysis (VA) and value engineering (VE)

Qualification:

Bachelors in Chemical Engineering / Post Graduate in Chemistry. MBA degree will be an added advantage

Nature of Experience:

10 to 15 years of new product raw material procurement experience in Specialty / Agrochemical / Pharma Industry in CDMO environment, having strong exposure and understanding of Specialty chemical RM import from China.