Manager / Sr Manager - Sourcing

Job Description

The Sourcing Manager will be primarily responsible for developing new and potential vendors, along with streamlining the existing ones. He/she will also be responsible for driving DFM changes to drive down cost and lead times.

· Drive and execute Annual and Strategic Plan with supporting strategies

· Lead DFM opportunities with suppliers along with Engineering and Process functions

· Manage Category and Commodity Strategies including spend analysis, Benchmarking, Cost, Market Analysis and Global Technology / Economic trends

· Ensure Relationship development and management with key Supplier Leaderships

· Align with Product management, R&D, Operations, Finance and Quality and other departments

· Manage Supplier selection, RFQ and RFI process, Negotiation, Contracting and supplier performance processes

· Ensure Relationship development and management with key Supplier Leaderships

· Manage Supplier selection, RFQ and RFI process, Negotiation, Contracting and supplier performance processes by maintaining Supplier Scorecards

· Apply effective Sourcing supplier risk assessment methodologies to ensure supplier continuity

· Improve Working Capital through Payment Terms extensions, Payment cycle optimization, Vendor Managed Inventories Inventory and Lead time reductions.

· Manage fixed assets capital procurement by establishing sustainable vendor base and develop a strong and robust Capital equipment’s expenditure process.

· Manage Annual spend worth 150 cr INR by creating a sustainable vendor base.

· Should have developed alternate OEM during the tenure as Sourcing Lead.

· Should have completed cost reduction projects to the tune 10-15% of spend YOY.