Job Description: Head – Appearance Parts Sourcing for Main Line
Job Description
Unique Job Role
Head – Appearance Parts Sourcing for Main Line
Function
ISCM
Reporting to
Divisional Manager
Business
W & W Division
Grade
L8
Date
04/06/2024
Job Details
This role is to
a) Develop Strategic sourcing model for Appearance parts for a Watch (Watch and Components like Watch Case, Straps, Dials, Hands, etc…)
b) Demand, Supply and Inventory management.
c) Meeting Multi Stakeholders requirements with Solution provider mind set & WIN: WIN approach
d) Legal, Statutory and Ethical Compliance Management
e) To establish & ensure all the commercial transaction in line with IFC / SOP.
External Interfaces
Internal Interfaces
· Vendors: IND and Overseas
· Suppliers & Subcontractors
· Government & Regulatory authorities
· Industry forums
· Communities & NGO’s
· Demand Planning & Merchandising (DOM & IBD)
· Central Planning
· New Product Development
· HKO: Sourcing
· Sourcing Verticals: Premium, Indirect & Logistics, Mfg. Plants and COE, Full Watch vertical
· Assembly
· Quality Function
· Commercial
· Indirect taxation
· Finance
· Logistics Coordination
· IT
Job Requirements
Education
Engineering Graduate/ Post-Graduate: Mechanical, EEE or ECE with MBA / PGDMA
Relevant Experience
UG: 15+ years, PG: 12+ years
Behavioural Skills
· Good Interpersonal & Communication skill
· Ability to influence key stakeholders.
· Ability to lead diverse team.
· Developing a high performing team
· Develop higher engagement with Vendors & Suppliers
· Elevated level of perseverance with positive energy
Knowledge
· On Sourcing Processes
· Business acumen
· Quality Planning, Control, and Improvement process
· Product costing and Pricing process
· Negotiation process
· Exposure to ERP / IT and Emerging technologies
· Vendor Relationship Management Practices
· Planning methodologies – Demand, Production, and Inventory Mgt.
· SAP IT processes for Planning & Execution (PP, MM & CO modules)
· Ability to analyse complex data, draw connections and advocate a coherent strategy for improvement.
Expected Process Contributions
Expected Process Contribution
Process Outcome
Performance Measure
Strategic Sourcing
1. Develop, Implement & review Sourcing strategy for appearance parts – PAN India and Overseas
2. Supply chain Risk management.
3. Collaborative capacity Management
4. Supplier Market Analysis
· Long term and Annual business plan
· Risk Mitigation Plan
· Material cost control
· Supply – Demand trend analysis
· Optimized Sourcing plan for the year and mid term (1-3 years)
· Continuity of Supply
· Total Cost ownership
· Price discovery and Benchmarking
Demand & Delivery Management
1. Capacity Planning
2. Flexibility Management
3. Capability building
4. Bottleneck Management
5. New Product Development
· Delivering to Market Demand / Agreed Plan
· Weekly Volume & Monthly Aligned delivery for new products and Overall Volume
Inventory Management
1. Inventory Planning by incorporating Business requirements and other sourcing aspects.
2. Managing by monitoring and mid-course correction / initiatives
3. Aiming to minimise / eliminate aged inventory
· Inventory in line with Business requirement.
· Declining trend on aged and excess inventory: Month on Month
· Inventory plan vs actual for Sourcing.
· Aged inventory & Excess inventory plan vs actual
Innovation
1. Process innovation.
2. Product innovation by collaborating with Vendor partners and ISCM ecosystem
· Re-Imagining sourcing for 2030
· New Features / New Product offering to Brands / Market
· No of AI / ML / IT / BI improvements
· 5 New features year on year
· Break through offering for cost competitiveness
Make In India
1. Developing a Dashboard for MII Index
2. Showcasing & Sharing to IND ecosystem on an ongoing basis on the Imports: Features & Cost
3. Capability building & Planning for change over
· Maximise Make in India
· Declining trend on China dependability on UCP value
Vendor Partnering
1. Co creating solution end to end delivering to Market requirement.
2. New Vendor & Alternate vendor exploration on an ongoing basis
3. Vendor relationship Management through engagement initiatives and communication
· Vendor continuity & sustainability
· Delivering to business requirement
· V-SAT score
Cost Management
1. Budgeting Process Management
2. Cost reduction focus
3. Pricing Process Management
· Budgeting Process
· Cost reduction / Savings Plan for the year and Mid term
· Cost structure analysis
· Price revision calendar
· Credit Terms
· Material Budget & Mat cost % at Brand level
· Min 3% w.r.t Material budget
· Material cost % at Brand level
Compliance to System and Processes
1. Legal & Statutory compliance
2. Ethical Process / Policy
3. Audit: Internal / External
· SOA & SOD
· Compliances to systems & Procedure
· No Major audit findings
· Compliance to IFC and SOA
People Management
1. Competency Development
2. R&R
3. Career Planning & Training intervention planning
· Enhanced Employee motivation
· Enhanced Engagement
· Enhancement of Engagement and Survey outcome
· FCM and IDP Plans
The right person
Dominant Sourcing (Direct & Indirect) experience Supply chain, Planning and Logistics experience addition to Point no 1 is preferable. New Product Development for small period of time may add value to the profile Exposure to ERP / SAP systems is must Good interpersonal & Communication skills Exposure to emerging technologies like AI / ML / chatgpt / Analytics Leadership Qualities to lead diverse team of individual. Thought leadership Qualities. Strategic thinking / mind set Key Skills: