Job description
Key Result Areas :
1. Working capital management
2. Procurement Strategy
3. Supply Chain Management
4. Vendor & supplier management
Job Description :
The incumbent will be responsible for the following :
1 . Working Capital Management
- Driving Working capital by improving Vendor Payables.
- Negotiating with the Suppliers and Contractors for better payment terms without affecting the cost.
- Encouraging suppliers to go for Cash discounting / Vendor Finance scheme(VFS) for immediate payment
2. Procurement Strategy
Revenue - On time procurement of material as per the procurement plan.Keeping track of the status of the order as per flow sheet and release orders based on the project team's requirementsActual project margin against budget.Surpass the target margin increase of the tendered budget by negotiating with Original Equipment Manufacturer (OEMs), dealers, and local vendorsPreparing Corrective and Preventive Actions (CAPA) for items with margin lesser than the budgeted margin for future referenceKeeping track of the updated budget sheet.Updating with every order's actual price and Engg. quantities.Keeping track of negative items separately3. Supply Chain Management
Keeping a track / review weekly with Procurement / Project team on the status of the order.Releasing orders as per the project team-s requirements and update the flow sheet weeklyIdentifying and empanelling new vendors / labour contractors.Studying their past projects, identify strengths / weaknesses, and maintain an updated vendor database zone-wiseRating Contract / Rate Card process implementation with selected suppliers and labour contractors for commonly used items4. Vendor & Supplier Management
Negotiating directly with Original Equipment Manufacturer (OEMs), dealers, and local vendors from the approved list in the procurement plan to get competitive ratesPreparing and maintaining International Organization for Standardization (ISO)compliant documents and ensure 100% complianceWillingness to travel to project zones to meet and manage vendors / suppliersSkills Required
Mep Coordination, Project Planning, Vendor Management