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5.0 - 9.0 years
8 - 10 Lacs
Chennai
Work from Office
Role & responsibilities Perform zero-base costing and Total Cost of Acquisition (TCA) analysis. Identification of new and alternate vendors for cost competitiveness without compensating any quality requirements Coordinating with stakeholders like Project management, Production planning and Cost controlling team on the project Preparation of purchase orders/Long Term Price Agreement with terms & conditions, Annual Price Agreement and related amendments, as/when required Implement and execute local procurement strategies in alignment with global commodity strategies. Manage core commodities, ensuring cost-effectiveness and required quality and delivery, delivering year on year cost reduction. Develop and maintain strong relationships with local suppliers to ensure reliable supply and best value. Collaborate with the Global Procurement and Commodity teams to align local activities with global objectives. Conduct market analysis to identify new sourcing opportunities and mitigate risks. Negotiate contracts and pricing agreements with suppliers to secure best terms. Monitor supplier performance and implement improvement plans as necessary. Preferred candidate profile Strategic sourcing/New vendor development Commodity specialist/Commercial negotiation Buyer/Purchaser/Sub Contracting Knowledge in Domestic & Import trading activities Castings, Machined parts, forging
Posted 3 weeks ago
10 - 15 years
30 - 35 Lacs
Bengaluru
Work from Office
Job Responsibilities: Support new product development and manage the entire product lifecycle within the Offer Creation process. Coordinate activities with Procurement Category teams, Regional teams, and Lines of Business. Assist in implementing procurement strategies that align with Line of Business needs, focusing on growth, innovation, and sustainability. Integrate supplier market knowledge and innovative solutions into product development. Lead the supplier mapping and selection process. Provide insights for Component Risk Management and Supplier Risk Management analyses for the project team. Contribute to achieving project targets within the Offer Creation Process, including product cost, quality, and time-to-market. Oversee end-to-end negotiations, from preparation to awarding contracts. Qualifications: Bachelors degree in Mechanical Engineering Experience with sheet metal, plastics, castings, and connectors
Posted 3 months ago
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