Head- Procurement

Headquartered out of Mumbai Pidilite is a consumer centric company committed to quality and innovation.

Since its inception in 1959 Pidilite Industries Limited has been a pioneer in Consumer and Specialities Chemicals in India. Over two-thirds of the company’s sales come from products and segments it has pioneered in India. Their product range includes Adhesives and Sealants Construction and Paint Chemicals Automotive Chemicals Art Materials Industrial Adhesives Industrial and Textile Resins and Organic Pigments and Preparations.

Most of the products have been developed through strong in-house R&D. Their Joint ventures & subsidiaries ensure that Pidilite continues to remain a leading player in most of their categories in over 100 countries

Role & Responsibilities for Head Procurement

Systems and procedures

• To Design and implement purchase systems and procedures.
• To Design and develop systems to track and rectify variations/ deviations from planned course of action.
• Ensuring compliance of good procurement practices
• To Identify and streamline operations to improve productivity and reduce lead times.
• To comply with process and procedures
• To coordinate internal and external audits and ensure no non-compliance to statutory and internal procedures.

Procurement Strategy

• To support the development of the procurement strategy for the specific area in line with organisations’ procurement strategy
• To support the definition of Major Initiatives for the Function; and define and drive execution of Key Initiatives emanating from the MIs with milestones and action items.

Sourcing and Inventory management

• To benchmark purchase prices of subsidiaries vis-à-vis market insights (ICIS etc); constituent/value analysis; and import statistics to maximize benefits accruable to the company.
• To collaborate with R&D and packaging teams for development of vendors
• To collaborate with Manufacturing Operations on supply compliance fixing norms space management and material movements.
• To ensure Supply adherence for inventory planning and management by setting norms for ordering quantities etc. and developing tracking mechanisms to ensure optimum inventory levels for materials.

• To ensure timely availability of material
• To measure quality performance as per defined standards.

• Anticipate potential stock outs and devise mitigation plans.
• Work on strategies on preventing build up of slow moving and non moving stocks and arrange disposal if required.
• Analytics and reporting as required from time to time.

Category management

• Keep abreast with latest market trends technological changes and other external factors that determine the procurement & planning strategies.
• Generate insights based on external data on price & supply trends to support procurement decisions.
• Building Cost sheets based on component cost modelling
• Formulating category strategy based on sources of supply supply/demand analysis market trends etc.

Cost Management

• To ensure the better than market rates for materials/ total cost of ownership of desired quality through
  • Global agreements
  • Negotiations with existing partners
  • Competitive credit terms

• Productivity Initiatives: Identify productivity initiatives on a constant basis through various initiatives including Value Engineering. Ensuring execution of identified initiatives to achieve plans.

Risk Mitigation

• Define & implement risk management strategy
• Working closely with R&D Operations & Divisions to identify current and potential supply risks and implement risk mitigation strategies to counter the same.
• Defining mitigation plans for the risks
• Reducing single source and single geography supplies.

Vendor development

• Developing deep partnerships with critical vendors generate ideas in a collaborative manner which would benefit the organization and develop vendors to meet our requirements

People Development:

• Ensure that all team members have complete clarity on their R&R and have the necessary tools and awareness of relevant SPPBMs to be able to deliver on the R&R
• Ensure that all team members have clarity on the MIs / KIs / PIIs (Process Improvement Initiatives) that they need to execute
• Coach team on delivering on all aspects of their role and support with obstacle-busting where needed
• Provide timely assessment and quality feedback on improvement areas to each team member on all aspects of their performance
• Regularly identify development needs of the team (to be a future ready workforce) and support them in developing the same.
• Responsible for building a succession pipeline for the team

Measures

Buyers/ subordinate role measures/ metrics for their area of responsibility Plus :

• Identification and execution of productivity measures in the range of 11.5%
• Formulation and execution of Negotiation strategies for A class materials/ services
• Clarity of R&R oaap index in the team and clearly demarcated area of responsibility of the team members.
• Talent plan for respective team for next 23 years identification of gaps and proposed plan.
• Vendor development ideas with objectives
• Insights from competitive landscape import statistics icis etc. and identified improvement areas
• Implementation of audit and statutory points
• Defined sppbm training of team on the same and ensuring sppbm are being followed
• Proactive risk identification mitigation planning and execution