Procurement Category Manager
Logistics, Sales & Operations · Supply Chain & Transport · Procurement
In short
As a Procurement Category Manager, you will be responsible for meeting financial targets and KPI's for the category, analyzing economic cost drivers, and managing the supplier base to achieve optimal component costs. You will also develop and execute category strategic plans, manage supplier relationships, and drive initiatives to improve supplier efficiency and productivity.
Responsibilities
- Meet financial targets and KPI for the category.
- Analyze economic cost drivers and evaluate their impact on category spend.
- Manage existing supplier base to gain the best cost of components through negotiations and external factors management.
- Drive cost reduction through identification and implementation of alternative suppliers.
- Mitigate risks and create scenarios to ensure cost delivery beyond the targets.
- Ensure timely update and data correctness for category performance in digital reporting tools.
- Develop and execute new category strategic plans leveraging opportunities and promoting complexity reduction, simplification, modularization, dual sourcing, cost performance, best cost country sourcing and innovation.
- Analyze market trends and competitive landscape.
- Understand specific business area needs.
- Ensure strategy enables multi-sourcing and best cost country sourcing.
- Align category strategy with product strategy.
- Identify growth areas and potential risks.
- Monitor implementation with local BA Purchasing and relevant stakeholders.
- Cultivate solid and sustainable relationships with suppliers.
- Regularly assess supplier performance.
- Collaborate on joint initiatives (e.g., cost reduction, quality improvement, sustainability).
- Ensure access to supplier innovation.
- Negotiate favorable terms of contracts and agreements.
- Ensure business with suppliers is covered with signed contracts.
- Encourage transparency and open communication with strategic suppliers.
- Drive initiatives to improve efficiency and productivity of suppliers.
- Identify bottlenecks and process inefficiencies.
- Implement process improvements.
- Set measurable productivity targets and monitor progress.
- Drive the execution of purchasing Value-Based Sourcing strategy with focus on Innovation, Risk management, Supplier Relationship management, Supplier early involvement, 360 Long Term Agreement.
- Leverage supplier relationships.
- Unlock and follow through the innovation opportunities.
- Focus on creation of mutually beneficial long-term commercial agreements.
- Support supplier risk management, evaluation and risk mitigation (e.g. financial, geographical, cyber, fire).
- Promote and apply the SEI (supplier early involvement) for projects where it may bring value.
- Manage sourcing actions to support the smooth and timely implementation of new product introduction projects.
- Evaluate project requirements and targets, collect all information required for project execution with supplier.
- Plan steps and checkpoints needed to complete implementation on time.
- Mitigate risks to ensure timing of project kept.
- Support connection between supplier and project team.
- Facilitate cross-functional communication.
- Share information and insights.
- Foster a collaborative work environment.
- Collect relevant data on direct material categories.
- Analyze cost structures and market dynamics.
- Identify cost-saving opportunities.
- Monitor performance metrics.
Requirements
- Meet the financial targets and KPI for the category
- Analyze the economic cost drivers (raw material prices, currency, interest rates), evaluate the immediate effects on the category spend, consider impact and opportunities for procurement decisions
- Manage existing supplier base to gain the best cost of components through negotiations, external factors management, work with suppliers on relocation of production to the most competitive manufacturing locations (best cost country sourcing)
- Drive cost reduction through identification and implementation of alternative suppliers with right quality and competitive price products. Promote multi-sourcing
- Mitigate risks and create scenarios to ensure cost delivery beyond the targets
- Ensure timely update and data correctness for category performance in digital reporting tools
- Review existing, develop and execute new category strategic plan that leverages opportunities and promotes complexity reduction, simplification, modularization, dual sourcing, cost performance, best cost country sourcing and innovation. Ensure category strategies aligned with business requirements and across relevant stakeholders
- Analyze market trends and competitive landscape
- Understand specific business area needs
- Ensure strategy enables multi-sourcing and best cost country sourcing
- Have alignment about feasibility of strategy with R&D, product care, quality, sustainability, CoC and risk teams
- Make sure that category strategy is aligned with product strategy
- Identify growth areas and potential risks
- Align business objectives with long-term vision
- Monitor implementation with local BA Purchasing and relevant stakeholders and adjust as necessary
- Cultivate solid and sustainable relationships with suppliers
- Regularly assess supplier performance
- Collaborate on joint initiatives (e.g., cost reduction, quality improvement, sustainability)
- Ensure access to supplier innovation
- Negotiate favorable terms of contracts and agreements
- Ensure business with suppliers is covered with signed contracts
- Encourage transparency and open communication with strategic suppliers
- Drive initiatives to improve efficiency and productivity
- Identify bottlenecks and process inefficiencies
- Implement process improvements
- Set measurable productivity targets and monitor progress and adjust as needed
- Align goals and priorities
- Drive the execution of purchasing Value-Based Sourcing strategy with focus on Innovation, Risk management, Supplier Relationship management, Supplier early involvement, 360 Long Term Agreement
- Leverage supplier relationships
- Unlock and follow through the innovation opportunities
- Focus on creation of mutually beneficial long-term commercial agreements
- Support supplier risk management, evaluation and risk mitigation (e.g. financial, geographical, cyber, fire)
- Promote and apply the SEI (supplier early involvement) for projects where it may bring value
- Manage sourcing actions to support the smooth and timely implementation of project (with or without of supplier early involvement (“SEI”) phase)
- Correct evaluation of project requirement and targets, collection of all the information required for execution of project with supplier
- Accurate planning of the steps and check points needed to be followed to complete implementation on time
- Timely execution of steps and check points
- Mitigation of risks to ensure timing of project kept
- Support connection between supplier and project team
- Strengthen partnerships across teams and internal stakeholders
- Facilitate cross-functional communication
- Share information and insights
- Foster a collaborative work environment
- Utilize data research and analytics for informed choices
- Collect relevant data on direct material categories
- Analyze cost structures and market dynamics
- Identify cost-saving opportunities
- Monitor performance metrics
#purchasing#sourcing#procurement
Company
Electrolux Group
Job Posted
1 week ago
Employment Type
Full Time
WorkMode
On Site
Experience Level
Mid-Senior
Locations
Shanghai, China
Applicants
Be an early applicant