POSITION'S OBJECTIVE:
- Definition of Procurement budget for SCM purchase and ensure adherence to the budget (plan vs achievement)
- Define Procure to Pay process for SCM purchase and streamline the process across Fabindia
- Prepare AOP for Home, eCommerce, Personal Care, Fabcafe
- Vendor Contract Negotiation & Contract Analysis support to SCM
- Analyse new business proposals from a commercial standpoint
- Prepare and monitor budget for stock liquidation
- Oversee Finance & Accounts function for Fabcafe
KEY RESPONSIBILITIES:
- Evaluate past trends of planned OPEX vs actual spent across SCM, Apparel, Home, Personal Care & Fabcafe
- Oversee OPEX for current financial year (plan vs achievement) and highlight any variances to all the relevant stakeholders
- Share cost optimization avenues (example - moving from job work to DP vendor, product changes, rate contracts with logistics vendors, etc.) and analyse the impact of these decisions on key financial metrics
- Analyse new business/Capex proposals received from businesses and share inputs from a commercial standpoint
- Define the overall Procure to Pay guidelines framework for SCM purchase in line with the Product Life Cycle and ensure adherence to the same
- Ensure all PRs to PO conversions are as per the SLA guidelines and ensure timely payments to vendors as per agreement
- Standardize PO formats/contracts for SCM purchase
- Review all contracts and purchase documentation to ensure negotiations are based on advantageous costs & terms with vendors/consultants
- Own and drive annual cost savings targets on any SCM related purchase
- Lead negotiations to optimize the financial terms of contract with key vendors/suppliers and sign off the final requirements
- Ensure signing of rate contracts across purchase category to ensure standardization across Fabinidia
- Budget preparation for Stock liquidation with management
- Monitor stock liquidation budget (plan vs achievement)
- Consolidate Annual Business Plan for e-Commerce, Home, PC, Fabcafe & share with Head – F&A
- Oversee entire Finance & Accounts operations for Fabcafe
JOB SPECIFICATION: (QUALIFICATIONS/KNOWLEDGE/EXPERIENCE)
- Years of Functional Experience: 12+ years of relevant experience
- Degree/Diploma: Post Graduate in Finance/ Cost Accounting
- Role: Team Management
- Knowledge & Skills: Analytical Skills
- Forecasting & Budgeting
- Commercial Acumen
- Detail Orientation
Interested candidates please share resume at [Confidential Information]
