Lead Sourcing Specialist - Buying/Procurement

Job Description

Roles & Responsibilities: Manage the buying process for a given set of goods. Apply sourcing policy, interface between supplier and entity with respect to specifications and budgets. Understand market dynamics and support strategies for assigned commodities & proactively drive initiatives to meet sourcing objectives. Support commodity buys. Assess supplier capabilities and make recommendations on purchases with new vendor developments Acts as functional expert for the development and negotiation of purchasing contracts for the organization e.g. for partnering, strategic alliances, technology transfers. Provides contracting expertise as needed across the organization. Take initiatives & propose Vendor Development, cost reductions, Lead-time reduction, lean etc. Manage supplier relationships in the best interest of company Work across factory teams and in tandem with Engineering, Shop, MMI, Process specialists, Quality (Shop + Supplier), Purchase & Logistics teams for timely supplies RFQ preparation based on all the technical information and requirement. Cost estimation, Quotation Tabulation and Budgetary cost consumption data preparation. Negotiation with selected vendors. (Lead negotiations with key suppliers, ensuring favorable pricing and terms as per the business need.) Order placing on Suitable vendor considering cost, Supplier Qualification, technical competency & delivery. Monitor Supplier performance & drive for improvement plans. Maintain strong relationships with existing suppliers and build new relationships to diversify the supply base Assess and mitigate risks associated with suppliers, such as supply chain disruptions or quality issue. Align KPI's & strategize the goal in accordance with the Function's KPIs(Spend, Payment Terms, deflation, OTD, PR to PO cycle, etc.) Work closely with internal and external stake holders to define sourcing requirements, ensuring alignment with operational needs Process knowledge pertaining to Casting, Forging, Fabrication, Small, Medium and heavy component machining along with Special Process knowledge (Nitriding, Electroplating Etc) Develop and implement procurement strategies, including sourcing, vendor selection, and contract negotiation for New Supplier development drives. Identify Potential Suppliers in India /Low-cost countries and drive new supplier development /qualification initiatives. (Localization Initiatives, Supplier on boarding, Product Qualification process.) Coordination with Key Commodity leaders for global benchmarking and drive initiatives to develop critical components in India including small mechanical parts Stake holder networking for effective problem solving Providing 100% material visibility and tracking across the organization Lead /participate in supplier performance improvement/ rating programs Work with suppliers, internals functions to create "idea" pool and drive action plans to achieve year on year deflation and lead time reduction targets Qualifications : College degree (preferably Bachelor of engineering) with good business acumen and holistic understanding of cross functional working in a business Basic commercial awareness. Basic knowledge on order management and scheduling Experience in Turbine & Generator manufacturing Industries/Knowhow about the Turbine & Generator Parts preferable Pro-active, Problem solving attitude Networking and communication skills. Organizational skills including prioritization and resource deployment. Ability to write reports, business correspondence and procedure manuals. Ability to effectively present information and respond to questions. Global sourcing experience preferable Desired Characteristics: Strong oral and written communication skills. Demonstrated ability to analyze and resolve problems. Ability to document, plan, market, and execute programs. Established project management skills. Show more Show less