Procurement & Sourcing Operations
- Manage the end-to-end procurement cycle (PR, RFQ, technical & commercial evaluation, negotiation, PO generation, and delivery tracking) for both direct and indirect materials.
- Procure critical raw materials unique to the tool and die industry, including special grades of tool steel, copper, die components, and standard/special cutting tools.
- Ensure all procured materials and sub-components meet required quality and engineering standards.
Vendor Development & Management
- Identify, evaluate, and onboard recent suppliers. Develop a strong secondary vendor base to mitigate risks.
- Monitor supplier performance against strict KPIs (Quality, Delivery, Cost) and conduct routine vendor audits.
- Negotiate pricing, delivery timelines,
and credit terms to achieve cost optimization targets.
Inventory & Cost Control
- Forecast material requirements based on production schedules and ensure optimal inventory levels.
- Identify and drive cost reduction initiatives (e.g., Value Analysis/Value Engineering - VAVE, bulk purchasing, and alternate sourcing).
Cross-Functional Collaboration
- Work closely with the Tool Room, Design, and Engineering teams to understand tooling material specifications and avoid production delays.
- Coordinate with the Quality and Stores departments to resolve any non-conformances or supply discrepancies.Role & responsibilities