Manager / Sr Manager - Sourcing

ideaForge; Navi Mumbai; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

ideaForge is seeking a Sourcing Manager in Navi Mumbai to lead vendor development, streamline existing suppliers, and drive cost and lead-time reductions through DFM and strategic sourcing.

You will own RFQ/RFI processes, negotiate contracts, manage supplier scorecards, and collaborate with Product, R&D, Operations, and Finance to optimize cash flow and procurement performance.

Qualifications

• Experience in strategic sourcing and supplier development.
• Ability to drive cost and lead-time reductions through DFM.
• Proven track record with RFQ/RFI processes and negotiations.
• Cross-functional collaboration with product, R&D and operations.

Responsibilities

• Develop new and optimize existing vendor base.
• Lead DFM opportunities with engineering and processes.
• Execute annual and strategic sourcing plans.
• Manage supplier selection, RFQ/RFI, and contracts.
• Maintain supplier scorecards and performance.
• Improve working capital through terms and cycle optimization.
• Oversee capital equipment procurement and vendor base.

Skills

Vendor management

Sourcing strategies

Cost reduction

Negotiation

RFQ/RFI management

DFM liaison

Tools

ERP systems

Excel

Job description

Job DescriptionThe Sourcing Manager will be primarily responsible for developing new and potential vendors, along with streamlining the existing ones. He/she will also be responsible for driving DFM changes to drive down cost and lead times.

• 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.