Position Summary With Job Responsibilities
This role is responsible to manage end-to-end purchasing activities for the allocated commodity. The position holder is responsible to on-board strategic vendor partners for particular part category within DMC and capex targets received from product line with a visibility of achieving cost efficiencies by deploying various cost reduction levers.
- Prepare DMC (Direct Material Cost) and Capex estimation for the upcoming models.
- Identify vendors with advance technology, prepare business plan and validation of vendors and initiate vendor empanelment process.
- Review SOR on Technical specifications in order to shortlist vendors.
- Review tech specification/ drawing shared by Product development for a particular commodity.
- Prepare RFQ document for floating to Vendors & ensure TRSO signoff from SQ.
- Analyse quotation received for RFQ.
- Prepare Cost Estimate for parts as per TML Standard Cost Estimation Process.
- Propose a shortlist of most suitable vendors after negotiation.
- Recommend SOB for vendors as per organizations long term sourcing strategy.
- Obtain internal approval for vendor finalization through sourcing council and release PO.
- Monitor and Review financial health, operations, IR health, etc. of the suppliers for long-term sustainability.
- Identify vendors, which can be groomed as long-term partners for TML.
- Supplier negotiation – Assess the current situation (Business Setting- External) along with SQ and SCM and tactfully negotiate the terms and conditions with the suppliers.
- EVI (Early Vendor Involvement) – develop vendors for critical long lead time items.
- Process and Supply chain Optimization by localization of the component by resourcing or by introduction of alternate technologies with the help of vendors
- Compare current part with the Proposed change and review the commercial impa