He / She 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.
- Develop and implement sourcing strategies for assigned categories.
- Should be proficient in Electronics / Electrical Components including PCBA's and other Electrical Category.
- Identify and evaluate potential suppliers.
- Negotiate contracts and agreements with suppliers.
- Prepare and process purchase orders.
- Track orders and manage deliveries.
- Monitor supplier performance and address any issues.
- Identify cost-saving opportunities and implement cost reduction initiatives.
- Drive and execute Annual and Strategic Plan with supporting strategies
- Lead DFM opportunities with suppliers along with Engineering and Process functions
- 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 developing a strong and robust Capital equipment's expenditure process.
- Manage Annual spend worth 10 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.
- Strong analytical, problem-solving, and decision-making skills.
- Proficiency in procurement software and ERP systems.
- Excellent communication and interpersonal skills.
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