AM / DM /Manager Sourcing

ideaForge; Navi Mumbai; On-site; INR 1,500,000 - 2,100,000; Full time

Job summary

ideaForge is seeking a senior sourcing lead to drive Annual and Strategic planning and manage supplier relationships across product and operations. You will oversee RFQ/RFI processes, negotiate contracts, and push cost reduction initiatives.

You will collaborate with Engineering, R&D, Finance, and Quality to optimize spend, cycles, and supplier performance while building a resilient supplier base.

Qualifications

• Annual and strategic planning experience
• Experience in RFQ/RFI, supplier selection and contracting
• Proven ability to reduce spend by 10-15% YoY
• Improve working capital via payment terms and vendor management
• Fixed assets procurement processes experience
• Alternate OEM development during tenure as sourcing lead

Responsibilities

• Drive and execute Annual and Strategic Plan with supporting strategies.
• Lead DFM opportunities with suppliers along with Engineering and Process functions.
• Manage Category and Commodity Strategies including spend analysis, Benchmarking, Cost, Market Analysis and Global Technology / Economic trends.
• Ensure Relationship development and management with key Supplier Leaderships.
• Align with Product management, R&D, Operations, Finance and Quality and other departments.
• Manage Supplier selection, RFQ and RFI process, Negotiation, Contracting and supplier performance processes.
• Maintain Supplier Scorecards to monitor performance.
• Apply supplier risk assessment methodologies to ensure continuity.
• Improve Working Capital through terms, payment cycle optimization, and vendor management.
• Manage capital equipment procurements through robust vendor base.

Skills

Sourcing

RFQ/RFI management

Negotiation

Supplier relationship management

Cost reduction

Lead time reduction

Spend analysis

Tools

Supplier Scorecards

Job description

Job Description

• Drive and execute Annual and Strategic Plan with supporting strategies
• Lead DFM opportunities with suppliers along with Engineering and Process functions
• Manage Category and Commodity Strategies including spend analysis, Benchmarking, Cost, Market Analysis and Global Technology / Economic trends
• Ensure Relationship development and management with key Supplier Leaderships
• Align with Product management, R&D, Operations, Finance and Quality and other departments
• Manage Supplier selection, RFQ and RFI process, Negotiation, Contracting and supplier performance processes
• Ensure Relationship development and management with key Supplier Leaderships
• Manage Supplier selection, RFQ and RFI process, Negotiation, Contracting and supplier performance processes by maintaining Supplier Scorecards
• Apply effective Sourcing supplier risk assessment methodologies to ensure supplier continuity
• Improve Working Capital through Payment Terms extensions, Payment cycle optimization, Vendor Managed Inventories Inventory and Lead time reductions.
• Manage fixed assets capital procurement by establishing sustainable vendor base and develop a strong and robust Capital equipment’s expenditure process.
• Manage Annual spend worth 150 cr INR by creating a sustainable vendor base.
• Should have developed alternate OEM during the tenure as Sourcing Lead.
• Should have completed cost reduction projects to the tune 10-15% of spend YOY.