Drive measurable reduction in raw material cost, component cost and sourcing cost through value engineering, supplier localization, alternate materials, design improvements and development of cost-effective Indian suppliers.
Key Responsibilities:
- Identify opportunities for China-to-India localization of components and products.
- Develop alternate Indian suppliers for imported and existing components.
- Drive VA/VE and cost-reduction projects across product categories.
- Evaluate alternate materials without compromising quality, safety, performance or aesthetics.
- Work with NPD to modify component design, material specifications and manufacturing processes for cost optimization.
- Conduct should-cost and make-vs-buy analysis.
- Identify savings opportunities in stainless steel, brass, plastics, rubber, electronics, motors, PCBs, machined parts, fabricated parts and packaging.
- Develop second-source suppliers for critical components.
- Coordinate supplier samples, tooling, trials and pilot production.
- Work closely with Quality for validation and approval of recent materials and suppliers.
- Support SCM in technical-commercial negotiations.
- Benchmark existing component pricing against alternate technologies, materials and manufacturing processes.
- Maintain a live cost-reduction and localization project tracker.
- Ensure approved changes are updated in BOMs, drawings and specifications.
- Track savings from concept through actual implementation.
- Visit suppliers regularly for development, process improvement and cost optimization.
Key KPIs:
- Annual validated cost savings
- Percentage of imported components localized
- Number of successful VA/VE projects completed
- Reduction in raw material and component cost
- Number of critical components with approved alternate suppliers
- Project completion lead time
- Savings realized versus savings identified
- Supplier development success rate
Desired Candidate Profile:
- 7-9 years of experience in Va