Develop sourcing strategy for sector defining the current suppliers, a desired future state and provide and implement the strategy to reduce cost, supplier number and lead time whilst improving the overall service to Inovia International.
Drive supplier reduction process to less than 80 trade suppliers and 80% of spend with 20 suppliers by 2022.
Continue to develop supplier approval process uniformed with other areas of spend to align process and roll out.
Jointly approve suppliers in conjunction with QA and the management team to ensure all suppliers are risk assessed.
Lead supplier review process for top 20 suppliers with the support of supply chain, quality, production and management.
Reduce total cost of goods 5% YOY
Deliver lead time reduction project with the support of supply chain, through supplier improvements or buying better.
Support the costing process to ensure balanced sign off between planning, purchasing and quality is achieved.
Deliver 100% data accuracy for new product information loaded onto internal systems, EBQ, MOQ, Pan/ pack size, prices and lead times.