Materials Manager at Grand Oak Limited

About the job

• The ideal candidate is responsible for developing and implementing a supply strategy that delivers the lowest total cost, reduces inventory, and maximizes customer satisfaction through world class service.

DUTIES & RESPONSIBILITIES

• Generate material requirement plan and share material volume allocation to vendors.
• Analyze data or insights to determine industry trends regarding the category.
• Overseeing a team of category buyers and other support staff
• Build and drive relationships with key vendors to improve pricing and quality of services.
• Proactively monitoring the category and manage risk responsibly.
• Manage inventory risk and ensure that contingency plans are always in place.
• Foster strong relationships with internal stakeholders and build their requirements into procurement strategy.
• Assess volume requirements against planning assumptions.
• Conduct category price analysis and benchmarking and explore cost savings opportunities.
• Seek and provide solutions to overcome issues in order to meet production requirements and address operational risks.
• Developing sustainable and ethical sourcing strategy and monitor implementation in sync with the Business procurement policy.
• Manage inventory levels to ensure ready availability of materials to meet planned / unplanned production targets.
• Drive a culture of proactive problem solving and continuous improvement.

KEY PERFORMANCE INDICATORS

• Zero Stock Out
• Procurement savings
• Purchase price variance analysis
• Category Spend Savings / Value Analysis
• Percentage of procurement spend to company revenue.
• Target Stock Holding %: Forte 95% | Emerging 90% | BTL 85%
• Suppliers Compliance Rate – Establish a system of evaluating the quality of suppliers backed with data and analytics. Set clear goals and monitor the performance of suppliers in detail.
• Spend Under Management – Tracking and optimization of expenditures by negotiating a volume discount.

JOB REQUIREMENTS

• Good University degree (BSc/HND/MBA/MSc ) in Industrial/ Production Engineering, Operations Management, Procurement & supply.
• Minimum requirement: 7 years practical experience with FMCG or high pace manufacturing environment.