Senior Manager Sourcing

Strategic Orientation

• Forecast price trends, industry trends of direct materials, conduct predictive analysis and help devise long term and short-term procurement strategy (including e-procurement) in alignment with the larger EPD strategy to proactively support revenue and division margin growth (market beating growth), evolve a cost-efficient procurement function
• Facilitate identification of supply chain risks associated with cost, supply, quality etc. by analysis of market trends, regulatory changes etc. to ensure consistency with the Business Continuity Plan

Vendor Management

• Develop and maintain of strategic relationships with raw material suppliers to ensure procurement of high quality materials, optimized procurement cost and timely deliveries
• Negotiate with vendors for high value contracts and guide the team in negotiation required to ensure high quality procurement at optimum cost and as per Abbott norms and standards
• Drive vendor management practices such as vendor classification (for e.g. strategic vs. transactional), vendor performance measurement and feedback, vendor rewards and recognition etc. to ensure uninterrupted supply of material / services

Tracking and Control

• Prepare and monitor the budget and ensure maximize positive Procurement Price Variance to manage spend for raw material procurement across EPD
• Drive compliance to local and global Abbot purchasing policies, Corporate Purchase Policies and Code of Conduct to ensure zero critical observations
• Facilitate resolution of audit queries and drive CAPA planning and closure against audit observations by driving the team to provide necessary support to ensure statutory and Abbott process compliance

Data Management

• Customize procurement process framework and policies as per region, by periodic review / updates / additions of SOPs to continuously improve service levels and ensure compliance

Stakeholder Management

• Set and manage of expectations with stakeholders (Commercial, Planning, Finance, TPMs, MST, Regulatory, Quality etc.) w.r.t Procurement SLAs, PPVs, product certification, strategic vendor actions, sourcing strategies, vendor quality adherence etc.

Cost Optimization

• Monitor cost optimization initiatives such as alternate vendor development, inhouse vs. outsourcing evaluation, vendor rationalization, bulk purchases, contractual commitments, strategic vendor partnerships, payment terms evaluation, joint cost reduction exercises to ensure meeting annual procurement cost optimization targets

Problem Solving

• Leverage knowledge, people networks inside and outside the company, out of the box thinking to resolve problems impacting Business Delivery and Continuity (e.g. delay in receipt of material, urgent RM requirements, regulatory challenges etc. pertaining to procurement or commercial expectations)

Team Management

• Develop a high-performance team by continuous monitoring and provision of guidance to develop an efficient RM procurement function
• Identify improvement areas and conduct / drive initiatives for training sessions to upskill people to ensure functional knowledge of procurement process is imbibed

Continuous Improvement

• Analyze parameters (for e.g. spend analytics) across every aspect from Procure to Pay, analyze and benchmark against best-in-class organizations to ensure process gaps are identified and mitigated

Skills Required

Data Management, Continuous Improvement, Vendor Management, Sourcing Management