Job
Description
Job Title: Senior Executive/Assistant Manager – Strategic Sourcing & Procurement
Department: Supply Chain/Procurement
Job Purpose: This role is responsible for driving cost optimization, commercial negotiations, vendor management, and timely procurement of commodities such as Plastics, Machining, and Proprietary Parts. The position focuses on ensuring procurement processes align with organizational targets on cost, quality, and compliance, while supporting cross-functional teams effectively.
Key Responsibilities:1. Commercial Settlement & Cost Negotiation: Manage commercial settlements with vendors for Plastics, Machining, and Proprietary Parts.
Leverage strong negotiation skills to achieve target costs without compromising on quality.
Ensure pricing competitiveness through detailed cost analysis and breakdowns.
2. Cost Reduction & VA/VE Implementation: Identify and implement Value Analysis/Value Engineering (VA/VE) projects to meet cost reduction targets.
Collaborate with internal teams and suppliers to drive innovative cost-saving initiatives.
3. SBC (Supplier Business Continuity):Apply SBC principles to ensure reliable, risk-mitigated supply chains.
4. Process Agility & Operational Support: Ensure timely support to user functions, maintaining PR to PO turnaround times (TAT) as per SLA.
Collaborate effectively with stakeholders to resolve bottlenecks quickly.
5. Compliance & Governance: Adhere strictly to procurement policies and statutory compliance requirements.
Obtain necessary internal approvals for all commercial settlements.
6. Benchmarking & Market Intelligence: Conduct ongoing benchmarking for technology, best practices, and pricing trends.
Utilize market intelligence to drive strategic sourcing decisions.
7. Data Analytics & Digital Tools: Leverage data analytics tools for spend analysis, supplier performance, and procurement optimization.
Utilize technologies to enhance transparency and decision-making.
8. Vendor Management & Conflict Resolution: Effectively manage suppliers, ensuring performance, compliance, and relationship health.
Resolve supplier disputes with diplomacy and business focus.
9. Systems & Reporting: Proficient in SAP, MS Excel, and other relevant ERP tools.
Generate MIS reports, spend analysis, and procurement dashboards periodically for management review.
Qualifications & Skills: Education: Bachelor’s Degree in Engineering, Supply Chain, Commerce, or related field.
MBA/PGDM in Supply Chain (preferred).
Experience:5 to 8 years of relevant experience in procurement, preferably in manufacturing, automotive, or engineering industries.
Technical Skills: Commercial cost structuring and negotiations.
Knowledge of SBC (Supplier Business Continuity).
Proficiency in SAP, MS Excel, and data analytics tools.
Strong understanding of commodity pricing for Plastics, Machining, Proprietary Components.
Behavioral Skills: Excellent negotiation and communication skills.
Agile, collaborative, and proactive.
Strong analytical and problem-solving abilities.
High attention to detail with process discipline.
Vendor management and conflict resolution skills.
Key Performance Indicators (KPIs):Achievement of cost reduction targets.
PR to PO TAT adherence.
Compliance with procurement policies.
Supplier performance metrics.
Timely and accurate MIS and spend reporting.
Why Join Us? Opportunity to drive impactful cost savings and strategic sourcing initiatives.
Work in a collaborative environment with exposure to cross-functional teams.
Be part of a company fostering continuous improvement and operational excellence.
