Sr Strategic Sourcing Spec

Honeywell

5 - 7 years

5 - 7 Lacs

gurgaon haryana india

Posted:1 day ago| Platform: Foundit logo

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Skills Required

supply chain costing procurement ppap cost reduction strategic sourcing

Work Mode

On-site

Job Type

Full Time

Job Description

New Product Development:
RFQ Preparation
Supplier Identification
Quotation Analysis
Should Costing
Negotiation with Suppliers
Supplier Agreement Sign-off
PPAP (Production Part Approval Process)
BOM (Bill of Materials) Finalization with Engineering Team, including should-cost evaluation of each part.
Monitor price trend analysis of commodity pricing and conduct cost negotiations with suppliers.
Manage vendors, including:
Supplier/Vendor Risk Analysis
Supplier/Vendor Evaluation & Rating on QCD (Quality, Cost, Delivery)
Supplier/Vendor Improvement Plan preparation & Implementation
Drive VAVE (Value Analysis/Value Engineering), Cost Reduction Initiatives, Supplier/Vendor Rationalization, and Supplier/Vendor Spend Analysis.
Lead New Vendor development, including capacity planning, product cycle time evaluation, and new product line setups at vendor locations.
Set and achieve yearly targets for cost reduction, vendor consolidation, smooth and timely Program launches, localization content improvement, and supplier relationship management.
Handle tool cost settlement with vendors through amortization/recovery methods and formulate Tooling Contract Agreements.
Implement Cost Reductions based on productivity improvements, rejection control, business assurance, and the formulation of Share of Business frameworks, benchmarking, and cost walk over time.
Provide support to Design & Marketing teams for NPI (New Product Introduction) indirect procurement.
Conduct regular Vendor Visits to enhance capacity and quality in the manufacturing process.
Monitor Raw Material Planning by suppliers based on scheduling & Procurement Plans.
Prepare Monthly MIS (Management Information System) reports for Sourcing activities.
Utilize ERP-SAP-MM Module for procurement processes.
Ready to support procurement activities for New NPIs post PPAP.

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