Sr Strategic Sourcing Manager

Honeywell Technologies; Bengaluru; On-site; INR 2,500,000 - 5,500,000; Full time

Job summary

Honeywell Technologies in Bengaluru, India is seeking a Senior Strategic Sourcing professional to develop and execute global cost-reduction strategies, lead should-cost analyses, and drive TCO improvements. You will partner with Engineering and Product Development during NPI, influence design-to-cost decisions, monitor cost performance, and support lifecycle management across the product portfolio.

The role requires 8+ years of sourcing experience, a Bachelor’s degree in a related field, and

Qualifications

• Bachelor’s degree in Supply Chain Management, Engineering, Finance, Operations, or related field.
• 8+ years of sourcing, procurement, supply chain, or product cost management experience.
• Proven track record of delivering significant cost savings and productivity improvements.
• Experience with cost modeling, should-cost analysis, and total cost of ownership methodologies.
• Advanced analytical and financial acumen.
• Willingness to travel domestically and internationally as required

Responsibilities

• Develop and execute global product cost reduction strategies aligned with business objectives.
• Lead should-cost analysis, cost modeling, and benchmark assessments to identify cost optimization opportunities.
• Drive annual productivity savings and total cost of ownership (TCO) improvements.
• Analyze material cost drivers, manufacturing processes, market trends, and commodity impacts.
• Partner with Engineering and Product Development teams during New Product Introduction (NPI) phases.
• Influence product design decisions through Design-to-Cost (DTC) and Value Engineering initiatives.
• Monitor product cost performance and develop mitigation plans against inflationary pressures.
• Support product lifecycle management activities, including sourcing transitions and cost optimization projects.
• Monitor commodity markets, supply chain trends, and geopolitical risks impacting product costs.
• Ensure compliance with company policies, sustainability objectives, and regulatory requirements.

Skills

Cost modeling

Should-cost analysis

Total cost of ownership

Sourcing

Procurement

Analytical ability

Stakeholder management

Travel willingness

Education

Bachelor's degree in related field (Supply Chain/Engineering/Finance)

Master's degree (preferred)

Tools

MS Excel

ERP systems

Cost modeling software

Job description

You will report directly to our Senior Strategic Sourcing Director and youll work out of our Bangalore, India location on a Hybrid work schedule.

Responsibilities

KEY RESPONSIBILITIES

• Develop and execute global product cost reduction strategies aligned with business objectives.
• Lead should-cost analysis, cost modeling, and benchmark assessments to identify cost optimization opportunities.
• Drive annual productivity savings and total cost of ownership (TCO) improvements.
• Analyze material cost drivers, manufacturing processes, market trends, and commodity impacts.
• Partner with Engineering and Product Development teams during New Product Introduction (NPI) phases.
• Influence product design decisions through Design-to-Cost (DTC) and Value Engineering initiatives.
• Monitor product cost performance and develop mitigation plans against inflationary pressures.
• Support product lifecycle management activities, including sourcing transitions and cost optimization projects.
• Monitor commodity markets, supply chain trends, and geopolitical risks impacting product costs.
• Ensure compliance with company policies, sustainability objectives, and regulatory requirements.

Qualifications

YOU MUST HAVE

• Bachelor's degree in Supply Chain Management, Engineering, Business, Finance, Operations, or related field.
• 8+ years of sourcing, procurement, supply chain, or product cost management experience.
• Proven track record of delivering significant cost savings and productivity improvements.
• Experience with cost modeling, should-cost analysis, and total cost of ownership methodologies.
• Advanced analytical and financial acumen.
• Willingness to travel domestically and internationally as required

WE VALUE

• Master's Degree in Business, Supply Chain, or related field.
• Experience in a manufacturing or industrial environment.
• Knowledge of best practices in procurement and supply chain management.
• Strong analytical and problem-solving skills.
• Ability to influence stakeholders across multiple functions and geographies.
• Experience with supplier relationship management and supplier development

About Us

Honeywell helps organizations solve the world's most complex challenges in automation, the future of aviation and energy transition. As a trusted partner, we provide actionable solutions and innovation through our Aerospace Technologies, Building Automation, Energy and Sustainability Solutions, and Industrial Automation business segments powered by our Honeywell Forge software that help make the world smarter, safer and more sustainable.