Supplier Scouting and Industry Mapping:
Conduct thorough scouting of potential suppliers for engine proprietary components.
Perform detailed mapping of industry references to identify leading suppliers and emerging trends within the industry.
Supplier Selection and Price Negotiation:
Identify and select appropriate suppliers for various engine proprietary components.
Lead the price settlement process, ensuring competitive pricing that aligns with company standards and budget constraints.
Costing and Product Cost Analysis:
Develop cost estimates for various engine proprietary components using predefined templates and comprehensive product costing methodologies.
Regularly update costing models to reflect changes in market conditions and supplier pricing.
Financial Analysis and Risk Assessment:
Analyze suppliers' balance sheets for commercial negotiations.
Assess financial health and risk indicators of suppliers to mitigate potential risks to the supply chain.
Cost Reduction and Negotiation Strategies:
Identify and implement cutting-edge cost reduction ideas during negotiations.
Develop and execute plans to realize cost savings without compromising on quality or delivery timelines.
Negotiation Skills:
Exhibit strong negotiation skills to achieve favorable terms and pricing from suppliers.
Build and maintain robust relationships with suppliers to facilitate smooth negotiations and long-term partnerships.
Price Containment:
Implement strategies to contain and manage prices effectively, ensuring alignment with overall cost management objectives.
Supplier Risk Management:
Develop and execute supplier risk management and mitigation plans.
Proactively identify potential risks and take steps to minimize their impact on the supply chain.
Differential Sourcing Strategy
Compliance to process and systems with high degree of Ethical Conduct.
Benchmarking Technology and Prices:
Conduct benchmarking studies to compare technology and prices across t