AM DM Manager Sourcing

ideaForge; Navi Mumbai; On-site; INR 1,800,000 - 3,000,000; Full time

Job summary

ideaForge in Navi Mumbai is seeking a Strategic Sourcing Lead to drive the annual and strategic plan, lead design-for-manufacturing initiatives with suppliers, and manage category strategies across spend and market trends.

You will collaborate with Product management, R&D, Operations, Finance, and Quality, overseeing RFQ/RFI processes, negotiations, and contracts while maintaining supplier scorecards to boost continuity and cash flow.

Qualifications

• Experience in strategic sourcing and supplier relationship management.
• Strong ability to analyze spend, markets, and economics to drive savings.
• Proven track record in negotiations, contracting, and supplier performance management.

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 and vendor relationships to optimize performance.
• Apply supplier risk assessment methodologies to ensure continuity.
• Improve Working Capital through payment terms extensions and lead time reductions.
• Manage capital procurement processes and sustainable vendor base.
• Oversee annual spend worth 150 cr INR and drive cost reductions of 10-15% YOY.

Skills

Sourcing

Supplier management

RFQ/RFI

Negotiation

Cost reduction

Capital procurement

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.