10 Aug
|
Cummins India
|
Bengaluru
10 Aug
Cummins India
Bengaluru
Job Summary
The Procurement Specialist is responsible for executing sourcing and procurement strategies that deliver optimal cost, quality, delivery, and supplier performance while supporting business objectives. This role manages regional commodities aligned to global category strategies, develops supplier relationships, conducts sourcing and market analysis, mitigates supply risks, and drives continuous improvement initiatives. The position collaborates closely with cross-functional teams and suppliers to ensure a resilient supply base, support global procurement initiatives, and optimize total cost of ownership.
Key Responsibilities
Execute sourcing and procurement strategies for direct materials, inventory items, capital goods, and services in alignment with global category strategies.
Manage assigned commodity portfolios, including casting, forging, stamping, and other manufacturing categories, ensuring optimal supplier performance and cost competitiveness.
Conduct supplier sourcing, supplier selection, Request for Quotation (RFQ), eBids, RapidSource activities,
and tactical sourcing initiatives.
Perform supplier evaluation, price benchmarking, cost analysis, market intelligence, and industry analysis to identify cost reduction and value improvement opportunities.
Develop and maintain robust supplier relationships aligned with approved Category Partner Lists while ensuring supplier performance meets business expectations.
Lead supplier negotiations within approved commercial frameworks to achieve favorable pricing, quality, delivery, and contractual terms.
Monitor supplier performance, quality, delivery, capacity, and responsiveness while driving supplier development and continuous improvement initiatives.
Identify, assess, and mitigate supply chain risks by implementing supplier risk management strategies, dual sourcing, and business continuity plans.
Support supplier tooling management, ensuring compliance with Cummins tooling ownership procedures, documen
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