anil nair’s Post

Key Skills Every Purchase Executive Should Master! In the ever-evolving field of procurement, the role of a **Purchase Executive** is more critical than ever. From negotiating with suppliers to managing costs and ensuring smooth supply chain operations, the responsibilities are vast and impactful. Quiz: Which skill do you think is most important for a Purchase Executive to succeed? A) Negotiation B) Time Management C) Vendor Relationship Management D) Cost Analysis Share your thoughts in the comments! And while you're at it, let’s keep the positivity flowing – leave a positive thought or a piece of advice that can motivate someone in the procurement field. Looking forward to reading your insights! #Procurement #SupplyChain #PurchaseExecutive #BusinessOperations #VendorManagement #PositiveThinking #CareerGrowth #LinkedInCommunity #SkillsDevelopment #Inspiration #ProfessionalGrowth

What is supply chain? A supply chain is defined as the entire process of making and selling commercial goods, including every stage from the supply of materials and the manufacture of the goods through to their distribution and sale. Successfully managing supply chains is essential to any company hoping to compete. Supply Chain Roles: CPO - A Chief Procurement Officer (CPO) is an executive role within the supply chain, focused on sourcing, procurement and supply chain management for a business. A CPO will focus on costs, ensuring they remain under control and constantly looking for ways to reduce them. CLO - A Chief Logistics Officer (CLO) manages the transfer of goods or services that a company offers to facilitate smooth operations. They will ensure the correct products are shipped in accurate quantities within the established timeframe, and will also provide logistical support to senior management in relation to challenges the company may face. (SCM) -Supply Chain Manager - A Supply Chain Manager works closely with external partners and suppliers to produce the product, create inventory and sell products to outside markets. They will evaluate suppliers and negotiate contracts with vendors. Supply Chain Managers are often considered similar to Operations Managers, who take a more internally-focused approach to operations. #supplychain #supplychainmanager #logistics #procurment #supplychainmanagement

We are recruiting for the position of HEAD, PROCUREMENT AND LOGISTICS!!! • Strategic Planning: Develop and implement procurement and logistics strategies aligned with organizational goals. Collaborate with senior management to integrate procurement and logistics plans into overall business strategies. • Procurement Management: Lead the procurement team in sourcing and selecting suppliers for goods and services. Negotiate contracts, terms, and conditions with suppliers to achieve favorable agreements. Develop and maintain strong relationships with key vendors. • Logistics and Supply Chain: Oversee end-to-end logistics operations, including transportation, warehousing, and distribution. Optimize supply chain processes to ensure timely and cost-effective delivery of goods. Monitor and analyze logistics performance metrics and implement improvements. • Budget Management: Develop and manage budgets for procurement and logistics activities. Implement cost-saving initiatives without compromising quality and efficiency. • Compliance and Risk Management: Ensure compliance with relevant laws, regulations, and company policies. Identify and mitigate risks in the supply chain and procurement processes. • Team Leadership: Provide leadership and direction to the procurement and logistics teams. Foster a collaborative and high-performance work environment. Mentor and develop team members to enhance their skills and capabilities. • Supplier Relationship Management: Evaluate supplier performance and implement improvement strategies. Conduct regular supplier assessments to ensure adherence to quality and service standards. • Continuous Improvement: Identify opportunities for process improvement and implement best practices. Stay updated on industry trends and technologies to enhance operational efficiency.

Greetings, LinkedIn community! 🎉 I'm thrilled to present my latest Project Catalog, showcasing a wide range of successful projects I've been fortunate to work on across various industries, including procurement, supply chain management, and product sourcing. Whether you're looking for assistance with supplier sourcing, logistics optimization, international procurement, or simply seeking expert insights, this catalog provides a detailed overview of the innovative solutions and results I've delivered to clients worldwide. Feel free to check it out and reach out if you'd like to collaborate or discuss how I can help streamline your supply chain or procurement processes. Let’s connect! 🚀 #SupplyChain #Procurement #ProjectCatalog #SourcingSolutions #Logistics

Purchasing or Procurement role changed dramatically from being tactical function that procure needed goods and services with the least cost to a strategic function that supports the overall firm's competitiveness with securing supply chain from disruptions and providing massive support in quality and cost. Let's explore those functions: • Strategic functions:    • Identifying and researching strategic partners    • Assembling and managing the sourcing risk portfolio    • Developing certification standards and supplier improvement programs    • Conducting make-versus-buy analyses    • Negotiating long-term contracts    • Adding value to products by managing supplier and strategic sourcing relationships    • Serving on cross-functional teams to integrate workflows and share data    • Enforcing compliance with sourcing contracts and related supplier policies    • Analyzing purchasing data to report impact on corporate goals and to identify areas for improvement. • Tactical tasks:    • Managing supply (planning and procuring supplies based on the master production schedule, auditing present needs on the manufacturing floor, releasing work orders, creating purchasing planning schedules)    • Issuing purchase orders    • Tracking orders    • Resolving discrepancies or exceptions in orders or accounts    • Monitoring the performance of suppliers and issuing reports on timeliness, completion, policy compliance, and quality of work. Think Supply Chain #stopbombinggaza #freepalestine #israeliterrorism #stopbombinghospitals #stopbombingcivilians

Deeper details into procurement functions

Supply Chain Gals below manager: ask a question ⤵️ Supply Chain Gals manager & above: answer a question ⤵️ Let’s support one another 🤍 #supplychain #career #womeninbusiness #logistics #transportation #procurement

#procurement#supply chain

#Supply Chain Manager VS Purchasing Manager: Imagine the supply chain as a river. The supply chain manager is like the river guide who oversees the entire journey of the water from its source (raw materials) to the ocean (end customers). They ensure the flow is smooth, obstacles are managed, and everything reaches its destination efficiently. On the other hand, the purchasing manager is like the person who collects water from various points along the river. They focus on acquiring the best quality water (goods and services) at the best price, ensuring there’s enough for everyone downstream. In essence: 📌The supply chain manager ensures the entire river system works seamlessly. 📌The purchasing manager focuses on sourcing the best water along the way. 💡Self-Assessment Questions ☎️🧾Do you spend most of your time negotiating with suppliers and managing purchase orders? If yes, you are likely a purchasing manager. 🌐📑Are you responsible for the overall flow of goods from suppliers to customers, including logistics and inventory management? If yes, you are likely a supply chain manager.