Manager - Sourcing & Development

About the Role

JOB TITLE : Manager - Sourcing and Development DEPARTMENT : Sourcing and Development, EXPERIENCE : 15 to 18 Years

Responsibilities

• SCOPE AND MAIN RESPONSIBILITIES:
• Develop sourcing strategies for respective category group.
• Develop short-term/ long-term Part Development Strategy for categories including, Vendor Pricing / Cost, Contractual Relationships, Lead Time, Inventory Levels etc.
• Continuously explore alternative sources of Part development.
• Ensure strategic coordination with cross functional teams from R&D, Production, Marketing, Finance and Manufacturing Engineering functions to ensure effective planning and development.
• Monitor the following activities for the respective category of Part development.
• Vendor identification
• Vendor qualification assessment and short-listing
• Release of Request for Quotation/ Enquiry
• Receipt of offers from vendors and Preparation of comprehensive comparative statements.
• Develop sourcing and negotiation strategies for key spend areas.
• Monitor the process of Commercial Negotiation Meetings and finalization of the most optimal price with the vendors.
• Ensure obtaining of commercial concurrence.
• Ensure set-up of Agreements with the finalized vendors, and timely release of Purchase Order, Sample approval and PPAP Approval.
• Provide updates on lead times for Development to Senior Management.
• Evaluate vendor capabilities and establish sources for new technologies and markets as dictated by business requirements.
• Continuously evaluate vendor capacity, performance & take initiative for continuous improvement.
• Explore cost reduction ideas through VAVE , Strip Down analysis and Bench marking Focus on overall automation of development functionalities through best-in-class technology adoption through digitization
• Coordinate with internal/external auditors to resolve queries and review post audit observations; identify and monitor improvement initiatives.
• Develop an Annual Budget for the respective category under his/her control.
• Monitor actual spend vs. budget on a regular basis to capture variations.
• Capability of Team / People Handling.
• Drive Daily Work Management through Team.

Qualifications

• QUALIFICATION : BE Mechanical + Prefer MBA

Required Skills

• SOFT SKILL : S4 Hana MM Modul
• BEHAVIOR SKILL : Team Handling
• TOOLS PROFICIENCY : PPT, Excel Sheet and Word File.

Preferred Skills

• PREFERRED INDUSTRY : Farm Sector / Automotive Sector / Automotive Component manufacturing Sector.