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 (Hosur)
🏢 Cummins
📍 Hosur