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We have a suitable opening in the Operations - Sourcing department for the role of Senior Manager, Sourcing - Raw Materials (RM) based in Mumbai, who will lead the sourcing of a complex portfolio of Raw Materials for L'Oréal’s manufacturing plant in Indonesia
JOB RESPONSIBILITIES:
1 - Economic Performance Management
- Cost & Price Control: Maintain rigorous governance over raw material (RM) pricing structures and cost flows entering manufacturing facilities.
- Budgeting: Formulate the annual budget, complete with granular and highly structured variance analyses.
- Trend Tracking: Perform quarterly forecast updates and sensitivity analyses based on evolving market pricing.
- Variance Visibility: Ensure absolute alignment and clear reconciliation between actual Purchase Price Variance (PPV) and projected financial trends.
- Cost Drivers: Develop and maintain deep transparency regarding the underlying cost drivers and feedstocks of key raw materials.
2 - Negotiations and Pricing
- RFx Collaboration: Active participant in the global sourcing process, ensuring plant-level inputs are seamlessly integrated into Worldwide (WW) Buyer RFx tenders.
- Plant Advocacy: Champion local manufacturing needs and constraints to WW Buyers during global negotiations.
- Cost Optimization: Partner with and influence WW Sourcing to secure highly competitive raw material costs for local plants.
- System Integrity: Coordinate with WW Sourcing to guarantee the timely availability and accuracy of approved pricing within internal L’Oréal portals.
- Portfolio Rationalization: Partner with Research & Innovation (R&I) to drive raw material simplification and optimization projects.
- Value Chain Savings: Continuously identify and execute cost-reduction and value-engineering opportunities across the RM value chain.
3 - Supply Chain Security and Agility
- Risk Mitigation: Develop and implement robust Business Continuity Plans (BCP) for all critical raw materials utilized at the plants.
- Supply Reliability: Guarantee a highly resilient and compliant supply chain from approved manufacturers directly to L'Oréal manufacturing sites.
- Launch Security: Secure the supply of raw materials for new formula innovations, launches, and product renovations.
- Production Transfers: Oversee raw material supply risks during manufacturing transfers (insourcing, plant relocations) to maximize supply chain efficiency.
- Crisis Management: Provide immediate, hands-on support and solutions to factories during raw material shortages, supply chain tensions, or market disruptions.
- Inventory Safety: Monitor plant safety stock coverage to ensure compliance with Global Risk Management inventory policies.
4 - Systems & Digitalization
- Reporting & Analytics: Lead the design and deployment of advanced reporting systems and analytical dashboards.
- Process Automation: Identify and execute opportunities to automate repetitive tasks and optimize workflows.
5 - Supplier Relationship Management (SRM)
- Consolidator Management: Govern strategic partnerships with Consolidators who facilitate raw material imports and manage localized safety stocks.
- Local Sourcing Network: Build and maintain an active database of localized distributors and stockists to rapidly absorb sudden plant demand surges.
6 - Affiliate Relations: Cultivate strong supplier relationships with the localized affiliates of L'Oréal's globally approved manufacturers.
KEY RELATIONSHIPS:
- Direct Reportees - Nil (Individual Contributor)
- Internal Stakeholders
- Manufacturing Quality Team
- Manufacturing Supply Chain Team
- Finance Controller
- Product Development
- Research & Innovation
- External Stakeholders - Suppliers
Expected Qualifiers to apply for the role:
- Experience: At least 8 years of professional life, preferably with 3 years in FMCG sourcing or sourcing of Chemicals
- Education: At least bachelor’s in engineering, MBA Preferred
- Competencies: Data Analytics will be significant advantage for the role
TRAVEL REQUIRED: Approx 20% of time, mostly to countries of the L'Oréal plant.
Who We Are:
L’Oréal is present in 150 markets on five continents. For more than a century, L’Oréal has devoted itself solely to ‘Create beauty that moves the world’; it is now the industry world leader with €42 billion consolidated sales. Together, we solve complex challenges at scale, while making sure we stay committed to making the world a more inclusive and a better place for everyone & our planet. Our daring Operations team of thousands of exceptional minds don’t just work on complex challenges; They help create sustainable and inclusive beauty alongside our partners by crafting, innovating, sourcing, producing, and delivering millions of products and services that touch every corner of the globe. The Consumer Products Division is on a mission to democratize beauty at its best. That means celebrating the diverse beauty of humanity and engaging the maximum number of people worldwide while elevating the mass beauty market with premium innovations. Our aspirational brands are at the forefront, inspiring and capturing consumer desires across regions and beauty categories. We have powerful, industry-leading brands like L’Oréal Paris, Garnier, Maybelline New York, NYX Professional Makeup, and more.
