BASCO GROUP

Compensation

Full Description

Role and Responsibilities: • Initiate, develop and implement multi-year direct procurement strategies to integrate and leverage spend. • Lead category specific cost management contract negotiations, development, and enforcement. • Develop and execute risk mitigation strategies for assigned categories. • Routinely communicates openly and with integrity across key business stakeholders to align direction and category strategies. • Find and develop the suppliers who could provide the best value (quality, cost, service and innovation) to Basco. • Identify and work with the suppliers who are strong on innovation/new products development, in order to build up the innovation development leadership of Basco in the market. • Conduct benchmarking to identify cost reduction opportunity and avoid cost up-charge. • Work with R&D and Engineering team effectively to insure the new products delivery on time. • Follow up the supply issues, work with suppliers on continue improvement. • Participate in the development of goals and budgets for area of responsibility. • Negotiate contract modifications, follow-up quotations, revisions, terms and conditions with vendors. • Responsible for all aspects of people and team leadership within procurement team. • Work with business partners to identify and drive Total Cost of Ownership (TCO) process improvements to reduce costs. • Provide regular project status information to team members, including attending required meetings and follow-up on action items. • Establish the rules and methods to assess existing supplier performance, and the selection methods/criteria for new partners. • Mitigate risk and promote compliance by establishing and maintain, valued relationships with internal stakeholders. • Work as a collaborative team player with Design, Product Development, Marketing, Quality, Supply Chain to deliver products that meet all business requirements. • Establish processes that foster communications, teamwork and focus on common business goals. • Maintain awareness of economic and business situations as they affect pricing, delivery, and contractual agreements. • Actively evaluate supplier cost competitiveness and identify opportunities to reduce cost through alternative sources without compromising quality and service standards. • Annually develop, direct, and lead a formal supplier scorecard review with our quality and purchasing department. • Other duties as assigned.