Job Title: Deputy Manager / Manager Strategic Sourcing & Costing
Department: Supply Chain / Procurement / Finance
Location: Coimbatore
Reporting To: Head Strategic Sourcing
Job Summary:
We are seeking a result-driven professional to lead Strategic Sourcing and Costing activities, focusing on supplier development, cost optimization, and data-driven decision-making. The role involves strong expertise in should-costing, supplier negotiations, cost analytics, and strategic procurement, especially within the manufacturing / CV industry.
Key Responsibility:
- Perform should-cost analysis, zero-based costing, and cost modeling for components and assemblies
- Lead machine hour rate calculations and cycle time estimation for accurate cost buildup
- Conduct price benchmarking and comparative analysis across suppliers and regions
- Drive material cost reduction initiatives using data analytics and cost breakdowns
- Identify, evaluate, and onboard suppliers through onsite assessments and capability analysis
- Drive supplier selection and development aligned with quality, cost, and delivery targets
- Build strategic partnerships with critical suppliers and diversify supply base to mitigate risks
- Develop and execute long-term sourcing strategies for cost competitiveness
- Lead structured negotiations for part and tooling costs with suppliers
- Finalize commercial agreements, contracts, and pricing frameworks
- Ensure long-term cost savings through effective negotiation strategies
- Monitor market trends, raw material prices, and supplier cost drivers
- Conduct supplier audits, performance evaluations, and development programs
- Establish long-term commercial contracts and improve supplier engagement
- Collaborate with suppliers for cost reduction, localization, and value engineering initiatives
- Work closely with R&D, Production, Quality, and Finance teams for cost optimization
- Support new product sourcing (NPD) with competitive costing and supplier alignment
- Ensure alignment between sourcing strategy and organizational goals
- Utilize ERP systems (SAP / Oracle / Microsoft Dynamics) for procurement and costing activities
- Drive process improvements and digital procurement initiatives
- Ensure compliance with procurement policies and audit requirements
Required Skills & Competencies:
- Strong expertise in Strategic Sourcing, Vendor Development, and Costing
- Hands-on experience in Zero-based costing, Should-costing & Cost modeling
- In-depth knowledge of machine hour rate calculation & cycle time estimation
- Proven experience in supplier negotiations and cost settlements
- Strong analytical skills with focus on data-driven cost reduction
- Excellent communication, negotiation, and stakeholder management skills
- Experience in supplier audits, development, and long-term contracting
- Proficiency in ERP systems (SAP / Oracle / Microsoft Dynamics)
- Exposure to Power BI / analytics tools is an added advantage
Experience:
- 612 years of experience in Strategic Sourcing / Costing / Procurement
- Preferred background from OEMs / Tier-1 suppliers, especially in Commercial Vehicle (CV) industry
