Direct Material Procurement Manager
CurrentKey Highlights as Strategic Sourcing Manager:•Develops a global sourcing framework to analyze demands patterns, identifying short & long-term requirements for price sensitive articles in each category and supervising the implementation for the same•Develops strategic category plans for key commodities with an annual collective spend exceeding $20M, optimizing procurement strategies and driving cost efficiencies.•Streamlines the system & procedures for effective material control… Show more Key Highlights as Strategic Sourcing Manager:•Develops a global sourcing framework to analyze demands patterns, identifying short & long-term requirements for price sensitive articles in each category and supervising the implementation for the same•Develops strategic category plans for key commodities with an annual collective spend exceeding $20M, optimizing procurement strategies and driving cost efficiencies.•Streamlines the system & procedures for effective material control towards ensuring a ready availability of materials; implementing systems for avoiding situations like over-stocking/out-of-stock•Nourishes day-to-day relationship with vendors; ensuring achievement quality norms for smooth flow of operations of required items•Collaborates with the costing team to implement dynamic pricing models for strategic commodities, ensuring competitiveness and adaptability.Key Highlights as Direct Material Procurement Manager:•Prepared and managed the annual budget for direct materials, including Steel, Brass, Zinc, Stainless Steel, Aluminum, and Packaging, aligning with organizational goals.•Established a forward-thinking sourcing strategy for 2023, achieving an 8% annual saving by integrating procurement expertise early in the specification-setting process.•Streamlined procurement by overseeing market analysis, supplier selection, negotiation, and awarding.•Created a 2022 risk management plan to mitigate raw material shortages.•Mentored and monitored subordinates to enhance performance.•Aligned category sourcing with goals through cross-functional collaboration with operations, finance, and planning teams.Projects:•Supply Chain improvement Project with (Symbios Consulting)•Value Engineering for Brass profiles in coordination with Engineering team leading to 138K $ savings per month•Key blanks sourcing project enhancing cash flow with 1M $ annually and reducing scrap selling cycle.•Steel Coil re-sourcing from China achieving annual saving 210K $ Show less