Technical Buyer|10-ASC-085

Elgi Equipments Limited; Coimbatore District; On-site; INR 1,200,000 - 2,200,000; Full time

Job summary

Elgi Equipments Limited seeks a seasoned Sourcing and Procurement specialist to drive and execute cost-reduction strategies, manage supplier relationships, and align sourcing activities with production schedules across a global supply base. The role emphasizes strategic sourcing, supplier development, and cross-functional collaboration to deliver value and maintain competitive edge.

The ideal candidate will have 10–12 years of experience in direct and indirect sourcing, with a track record of

Qualifications

• Bachelor’s degree in Mechanical Engineering or Electrical Engineering or related field.
• 10–12 years of experience in Sourcing for Direct and Indirect parts with proven supplier management and strategic sourcing.
• Demonstrated YOY cost reduction targets using levers and processes.
• Target industries include ZF, CAT, KOBELCO, Komatsu, Swing Stetter, AL.

Responsibilities

• Drive and execute sourcing and cost reduction strategies to optimize procurement and supply chain.
• Manage supplier relationships and evaluate potential suppliers for capabilities, quality, cost, and reliability.
• Coordinate with cross-functional teams to align sourcing activities with project goals and production schedules.
• Ensure compliance with sourcing policies and industry regulations; manage supplier induction and qualification.

Skills

Supplier management

Strategic sourcing

Cost reduction

Cross-functional collaboration

Market research

Education

Bachelor's degree in Mechanical or Electrical Engineering or related field

Job description

Section B: Defining the Purpose of the Job:

Purpose

Therole holder is individual contributor responsible for driving and executing Sourcingand Cost Reduction strategies to optimize supply chain operations and achievecost efficiencies. This role involves managing supplier relationships,sourcing activities, and ensuring that sourcing practices align withorganizational goals and industry best practices. The role holder contributesto strategic sourcing initiatives, enhances supplier performance, andsupports global procurement processes, thereby ensuring the company'scompetitive edge and operational excellence in a dynamic market environment.

Section C: Keystakeholders and their expectations:

Key Stakeholders

List

KeyExpectations of Stakeholders

• Internal
• Planningand Logistics Team
• Demandforecasting, Inventory management inputs, Delivery updates
• PMOTeam
• Supplieridentification for product development as per global requirements
• OperationsTeam
• Synchronizationof supply chain processes with production schedules to meet quality andcustomer expectations
• FinanceTeam
• Costmanagement and accurate financial reporting for procurement and logistics.
• External
• On-time delivery of components,adherence to service-level agreements (SLAs), and supplier risk mitigation.
• Logistics Partners
• Efficient, cost-effectivetransportation and distribution of products.
• Service Providers
• Reliable and high-quality support forlogistics and distribution operations.
• Regulatory Authorities
• Full compliance with import/exportregulations and industry standards.

Drive continuous improvement insourcing processes, identifying and implementing best practices and process enhancementsto increase sourcing efficiency and effectiveness

Develop and implement comprehensive Sourcingstrategies on Supplier development and Cost management initiatives that arealigned with the company’s strategic objectives and operational needs

New supplier induction anddevelopment to expand the supplier base and ensure a robust supply chain.

Supplier Selection and Qualification

Provide inputs for supplierselection and qualification processes, evaluating potential suppliers basedon capabilities, quality, cost, and reliability

Cross-functional Collaboration

Coordinate with cross-functionalteams to align sourcing activities with operational requirements and projectgoals

Compliance and Quality Assurance

Adhere to sourcing policies andprocedures, ensuring compliance with organizational standards and industryregulations

Budgeting

Support in Zero Base Costing (ZBC)of parts for cost reduction and process optimization.

Documentation Management

Manage and maintain sourcingdocumentation, including supplier contracts, agreements, and performancereports

Section E: Defining Enabling Outcomes:

Enabling outcomesto achieve results outcomes

Identifyingand implementing best practices and process enhancements to increase sourcingefficiency and effectiveness

• MarketResearch
• Utilizingmarket intelligence to inform sourcing decisions and strategies based onmarket trends, supply chain dynamics, and commodity pricing

Facilitatingcommunication and collaboration with engineering, production, and qualityassurance teams to address any sourcing challenges

• RegulatoryAdherence & Quality Control
• Conductingaudits and reviews to assess adherence to sourcing practices and identifyareas for improvement

• SupplierPerformance Assessment
• Analysingkey performance indicators (KPIs) and metrics to assess suppliereffectiveness and implementing corrective actions as needed

• Budgeting
• Adhere to the Zero Base Costing (ZBC) process of parts for costreduction and process optimization.

Competency levels:

1 - Beginner, 2 - Intermediate, 3 -Expert

Criticality

• V
• 3
• SupplierManagement
• V
• 3
• Strategicsourcing
• E
• 2
• Auditing
• E
• 2
• Budgeting
• E
• 2
• QualityControl Processes
• V
• 3
• Personal Effectiveness -3
• Executing
• Personal Resourcefulness -3
• Results Orientation -3
• Customer Centricity -2

Section G: Qualification and Experience:

• Bachelor’s degree in Mechanical Engineering ElectricalEngineering or a related field.
• 10-12 years of experience in Sourcing andfor Direct and Indirect part, with a proven track record in suppliermanagement and strategic sourcing.
• Should have demonstrated YOY Cost ReductionTargets by way of using levers & Processes.
• Target Industries : ZF, CAT, KOBELCO,Komatsu, Swing Stetter, AL,