Procurement Manager · Mumbai

• This initiative is aimed at unlocking cash potential and driving cost savings among A-category

• Contract Manufacturers (CMs) located throughout India. The primary objectives include the

• optimization of working capital, restructuring of conversion costs, and implementation of process

• improvements to achieve substantial benefits in both cash flow and operational costs.

• Procurement Negotiations,

• Stakeholder Management,

• Supply Chain Understanding,

• Category Management,

• Non-operations & In-depth Finance Understanding,

• Payment Terms and Working Capital Manufacturing

Deliverables

• Cash Potential Unlock~10 million

• CM Savings (Restructuring & Benchmarking) ~2 million

Key Accountabilities:

• Facilitate cash release by conducting comprehensive Working Capital (WC) analysis for CMs, identifying opportunities, and aligning WC CM partners leading to PT extension.

• Lead initiatives to achieve conversion cost savings by benchmarking line-level costs at each CM and overseeing CSC restructuring, ensuring that savings are realized in CPT.

• Enhance processes at C-category CMs, with a particular focus on FG costing and material reconciliation processes

• Support the advancement of 2 CMs from C-category to A-category status by implementing best practices in cost control, quality improvement, and process efficiency.

• Assist in the restructuring of the HC network.

• Framing compliance requirements and policies

• Digitalization of cost sheets by standardization of cost sheets

• Monitor and manage Sigma CM Program Modules (Control Tower for CM Operations)

Professional Skills:

• Good Data & Analytical skills

• Expert business partnering & stakeholder management

• Ability to work in a fast-paced, dynamic environment with owner’s mindset

• Problem-solving skills to address and resolve operational issues while maintaining attention to details

• Negotiation & communication skills

• Basic financial acumen for understanding business cases & reporting