Basic Qualification: Diploma with Mechanical/Electrical engineering- Exp 6-8 years or BE Mechanical/Electrical Exp 3-5 years.
Strategic Sourcing Roles & Responsibilities
1. Category & Commodity Management
- Develop and execute sourcing strategies for key commodities including Electromechanical Assemblies, Thermoplastic & Rubber Moulding, Machining, Forging, Casting, Sheet Metal, and Special Processes (Plating, Heat Treatment, Surface Finishing, etc.).
- Build category roadmaps aligned with business objectives, technology trends, and supply market dynamics.
- Leverage manufacturing process knowledge.
2. New Product Development (NPD) Sourcing
- Lead sourcing activities for new product development by identifying and developing capable suppliers within target cost and timeline.
- Collaborate with Design, Engineering, Quality, Manufacturing, and Project Management teams during product development.
- Ensure supplier readiness, tooling development, PPAP/APQP completion, and timely production launch.
3. Strategic Cost Management
- Drive annual material cost reduction programs through strategic negotiations, value engineering, localization, alternate sourcing, and productivity initiatives.
- Achieve annualized procurement savings targets (minimum 5% of material spend) while maintaining quality and delivery performance.
- Lead periodic price negotiations, labour rate revisions, and long-term commercial agreements.
4. Commercial Excellence
- Conduct should-cost analysis, activity-based costing (ABC), zero-based costing (ZBC), and benchmarking to support commercial negotiations.
- Validate supplier quotations through cost breakdown analysis and market intelligence.
- Ensure monthly commodity price revisions and contract compliance.
5. Supplier Development & Risk Management
- Identify, evaluate, onboard, and develop strategic suppliers to build a resilient and competitive supply base.
- Conduct supplier capability assessments, technical audits, and performance reviews.
- Drive supplier capability enhancement through training, continuous improvement initiatives, and performance scorecards.
- Implement supplier risk mitigation strategies, including dual sourcing, localization, business continuity planning, and supplier de-risking.
6. Supply Base Optimization
- Lead supplier rationalization initiatives to optimize supplier footprint while improving quality, cost, delivery, and innovation.
- Develop strategic partnerships with key suppliers for long-term business growth.
- Monitor supplier financial health, capacity, technology capability, and sustainability.
7. Cost Analytics & Procurement Intelligence
- Perform spend analysis to identify cost reduction opportunities and sourcing leverage.
- Utilize procurement analytics, market trends, commodity indices, and benchmarking for informed sourcing decisions.
- Prepare sourcing dashboards, KPIs, and executive reports for management review.
8. Contract & Negotiation Management
- Lead commercial negotiations covering pricing, payment terms, logistics, warranty, tooling ownership, and contractual obligations.
- Ensure procurement agreements comply with company policies and mitigate commercial risks.
- Manage long‑term agreements and supplier performance commitments.
9. Cross‑Functional Collaboration
- Partner with Engineering, Manufacturing, Quality, Finance, Planning, and Logistics to ensure seamless project execution.
- Support localization, value engineering, and product cost optimization initiatives.
- Facilitate effective communication between internal stakeholders and suppliers to resolve technical and commercial issues.
10. Continuous Improvement & Digital Procurement
- Drive Lean Procurement, process standardization, and procurement digitalization initiatives.
- Promote automation, data‑driven sourcing, and continuous improvement across procurement processes.
- Foster a culture of innovation, supplier collaboration, and operational excellence