Strategic Sourcing Experienced Professional

Description

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JOB PROFILE

Job Title

Strategic Sourcing Specialist

Name of Job holder

Date: 01/04/2023

Reporting to

Sr. Strategic Sourcing Specialist

Name of Superiors

Mission Statement:

The Strategic Sourcing Specialist at Hitachi Energy plays a pivotal role in developing and implementing sourcing strategies that optimize cost, quality, and supplier relationships. The role will collaborate closely with cross-functional teams to drive strategic procurement initiatives and support Hitachi Energy's mission of sustainable energy solutions. The role scope will cover, but not limited to, Middle East and Africa region.

Job Location : INOPC Chennai

Main Accountabilities

Dimensions

1. Develop and Execute Sourcing Strategies:

   - Formulate and implement comprehensive sourcing strategies aligned with Hitachi Energy's business objectives and sustainability goals.

   - Identify opportunities for cost reduction, risk mitigation, and process optimization through strategic sourcing initiatives.

2. Supplier Identification, Registration and Evaluation:

   - Conduct market research and supplier assessments to identify and qualify potential suppliers, ensuring they meet Hitachi Energy's quality and sustainability standards.

   - Evaluate supplier performance and capabilities and establish long-term partnerships with key suppliers.

3. Negotiations and Contract Management:

   - Lead negotiations with suppliers to secure advantageous agreements in terms of pricing, quality, delivery, and contractual terms.

   - Draft, review, and manage contracts, ensuring compliance with Hitachi Energy's policies and legal standards.

4. Collaborative Cross-Functional Work:

   - Work closely with internal stakeholders, including engineering, production, sales, and tendering teams, to understand and address procurement needs.

   - Provide expertise and guidance to cross-functional teams in supplier selection, contract management, and procurement best practices.

5. Risk Management and Compliance:

   - Identify and mitigate supply chain risks, including geopolitical, regulatory, and quality-related concerns.

   - Ensure compliance with industry regulations, company policies, and ethical standards in all sourcing activities.

• Strategic Sourcing
• Cross functional collaboration

Challenges

• Supplier Management
• Cost optimization

Knowledge, Skill and Experience

Education:

Bachelor's degree in Business Administration, Supply Chain Management, Engineering, or a related field. Advanced degree (MBA) or professional certifications in Procurement or Supply Chain Management is a plus.

Experience:

Ten years of Supply Chain related experience with proven track record of five years successful strategic sourcing experience, preferably within the energy or engineering sector

Skills

Strong negotiation, communication, and interpersonal skills, with an ability to influence and build productive relationships.

Proficiency in procurement tools, contract management systems, and Microsoft Office Suite.

In-depth knowledge of supply chain management principles, strategic sourcing methodologies, and market analysis.

Strong analytical thinking, problem-solving, and data-driven decision-making skills.

Ability to adapt to a dynamic environment, demonstrate initiative, and drive continuous improvement in sourcing processes.

Excellent communication and negotiation skills.

Collaborative mindset and ability to work both independently and as part of a team.