• To oversee the procurement process that continuously improves and re-evaluates the purchasing activities of the company by leading the sourcing operations of raw materials - fabric and trims, in line with the business requirement ensuring high quality and OTIF.
• Assess the company's current spend, develop new sourcing strategy, identify right supply mix, coordinate and monitor the purchasing activities right from raw material sourcing to delivery.
• Price Discovery Process thru RFQ / RFP/ E bidding & one to one price Negotiation. Ensure that costs are in accordance with the Price Agreements closed by Strategic sourcing.
Job Context & Major Challenges
MFL operates through various channels (Wholesale, Retail, Depletion and Exports). This position has to lead, manage and drive the Fabrics Sourcing Operations effectively and efficiently in line with business requirements (Seasonal / Annual) with Sourcing strategy and ensuring Quality & Cost Effective procurement in line with product and category requirements.
Key Challenges
• To ensure right vendor mix is recommended for higher OTIF, right costs and right quality.
• Seasonal Sourcing Strategy in line with business requirements.
• Budgeting, Monitoring & Control of Sourcing to ensure right Product Costs & resultant GP
• Market intelligence on raw material price movements / competition prices etc.
• New Vendor identification, evaluation, induction and development.
• Continuous Vendor Base Consolidation & Expansion Optimization
• Seasonal directions on sourcing with appropriate region mix to get cost advatange in light of ever rising RM costs.
• Risk Mitigation.
• Continuous Improvement in sourcing and adopting industry best practices.
• Establish Solid Relationships with Supplier partners for mutual growth.
• People Development & High Performance Management in fabric sourcing