Job Title

Job Location : Chennai Ambattur Execute sourcing strategy in line with supply chain / business strategy Execute sourcing capabilities to drive make vs buy decision-making at component as well as FG level. Execute strategic sourcing partnerships to deliver on cost reduction, spend consolidation, improved DPO, Inventory and improved quality Partner with suppliers and factory to improve OTD / reduce lead time to market Analyze right market trends, take required actions and influence decision-making in factory Evaluate best sourcing options and develop alternate sources for at least 50% + items to drive cost and availability improvement Work on sourcing saving projects and work with stake holders to continuously improve high impact savings pipeline Segment and define supply base to support trends and drivers To expand pricing structure knowledge and visibility Possess knowledge of supply market trends and characteristics (e.g., associations, trade publications and indexes, etc.) Develop and define commodity strategies to achieve corporate, purchasing & BU goals and objectives Should include supply base rationalization, development & spend management/segmentation for geographic considerations, Best Cost Country (BCC), Localization objectives, BU/plant-specific needs, new technologies, marketing/product strategies and cost management goals Facilitate commodity strategy meetings for a cross-functional/cross-business audience Utilize commodity expertise and Commodity strategies to create/update Business Plans and Strategic Plan Metrics: incl. Cost reduction, interim negotiations, BCC objectives, supplier performance objectives, advanced technology drivers Provide recovery mechanisms for cost drives when necessary Develop Supplier Partnerships/Strategic Alliances as necessary to support/enhance commodities strategies Drive supplier approval process Manage/drive commodity review of projects for all relevant commodity activities Manage ad hoc cross-functional teams (incl. BU and Purchasing functions) Manage/drive supply base consolidation and rationalization to increase negotiation leverage and efficiency Utilize supply base knowledge to manage risk to supply potentially caused by financial instability or insolvency at individual suppliers or related to supplier’s customer bankruptcy proceedings Set negotiation strategy and direction for commodity negotiation settings; include appropriate team members Manage cost recovery as necessary Drive cash flow improvements initiatives (payment terms negotiations, consignment stock agreements, stock level rationalization, shortening LT, etc.) Maintain price tables and/or manage requisitions for pricing related to commodity contracts and negotiations Determine contract turnover levels and related criteria for approval Store contracts according to ESAB/GCE Corporation policy Coordinate with ESAB/GCE legal team to ensure contractual obligations minimize risk to the Company Purchasing participant on Advanced Technology projects related to commodities—negotiate upfront with supplier technology partners to mitigate downstream risk Utilize Advanced Technology knowledge to set technological direction for commodity strategies