Job Summary
The Strategic Sourcing / Procurement Specialist supports sourcing, localization,
supplier management, commercial negotiations, and cost optimization activities
for Cummins products. The role is responsible for analyzing supplier quotations,
conducting should-cost and benchmarking analysis, developing sourcing
strategies, managing supplier agreements, and identifying cost reduction
opportunities while ensuring quality, delivery, compliance, and long-term
supplier relationships.
Key Responsibilities
* Manage supplier agreements, including Non-Disclosure Agreements (NDAs),
purchasing agreements, and other commercial contracts.
* Lead sourcing and localization programs, ensuring timely execution and
achievement of project milestones.
* Develop and evaluate should-cost models for castings, forgings, machined
components, sheet metal, brake components, and proprietary parts.
* Prepare and evaluate tooling cost estimates for current product development and
localization projects.
* Conduct raw material cost trend analysis, RM indexing, price benchmarking,
and commercial analysis to support supplier negotiations.
* Lead commercial negotiations with suppliers and drive successful cost
settlements while maintaining strong supplier relationships.
* Prepare and issue RFQs and evaluate supplier quotations using Total Cost of
Ownership (TCO) and technical-commercial analysis.
* Analyze and benchmark BOM costs for complete vehicles, aggregates, and
sub-systems to identify cost optimization opportunities.
* Identify and implement Value Analysis/Value Engineering (VA/VE) and cost
reduction initiatives across commodities.
* Develop sourcing strategies, assess supplier capabilities, and support
supplier selection and development.
* Monitor manufacturing technologies, cost drivers, market trends, and industry
developments across commodities such as gears, castings, forgings, sheet
metal, brake components, bearings, rubber, and seals.
* Manage procurement transactions and report
📌 Sourcing Specialist (India)
🏢 Cummins
📍 India