What You'll Do
This position involves creating and implementing sourcing strategy for VG in India. This includes development of new parts, resourcing existing parts to achieve material cost, managing material inflation / deflation & supporting materials team to meet production and inventory control.
- Develop and deploy regional Category strategy along with Global category leaders for assigned commodities to deliver YOY cost reduction.
- Identify supplier to meet the category requirements in terms of quality, cost, delivery and inventory control (including Kanban, VMI, consignment inventory programs).
- Monitor and track the commodity trends and should be able to manage the pricing of products in the event of commodity fluctuations.
- Develop detailed elemental cost sheets for each part in the related commodity.
- Develop strong Supplier - Eaton relationship with a partnership concept.
- Responsible for onsite assessment of suppliers, support strategic suppliers to improve their score cards, supplier evaluation, capability assessment & risk management.
- Supplier capacity mapping and develop supply base to meet fluctuating production volumes.
- Negotiate commercial agreements for total cost of ownership for each product
- Analyze spend of assigned commodity and identify cost out opportunities.
- Initiate, lead cost reduction projects to drive cost outs as per profit plan.
- Drive VA/VE with the support of engineering for material cost reductions.
- Co-Own the Project Monitoring with the SDE till the time of stabilization of the new part and complete handover to Materials.
- Work along with SDE for capacity improvement and cost reduction, Including identifying new mfg technologies.
- Implementation and adherence to the Eaton Business System related to SCM Function.
- Demonstrate very high level of Integrity and Drive compliance to the Eaton Code of Ethics and hold suppliers accountable for ethical conduct in all the transactions.
- Responsible for procurement excellence and supplier performance mgt.
- Adherence to regulatory requirements and governance.
- Develop and maintain a high performance culture focused on continuous improvement and change
Qualifications
- Bachelor's in mechanical / production / Automobile Engineering
- 12 to 15 years of experience in sourcing, procurement in engineering company preferably in Auto Component
- 3-4 year of hands-on experience on product costing, formulating commercial contracts
Skills
- Through understanding of manufacturing processes such as Castings Ferrous Non Ferrous, Forgings, CNC machining, machined parts , electrical parts
- Excellent in supplier negotiations.
- Knowledge of quality systems and project management.
- Knowledge on Vendor development /Quality check methodology
- Excellent communication skills in English (written & verbal)
- Relationship with suppliers as well as customers Internal and External
- Cross Functions Team Working Skills due to Matrix Organization reporting.
- Collaborative working style
- Analytical skills
