The Sourcing Manager will be primarily responsible for developing current and potential vendors, along with streamlining the existing ones. He/she will also be responsible for driving DFM changes to drive down cost and lead times.
· Drive and execute Annual and Strategic Plan with supporting strategies
· Lead DFM opportunities with suppliers along with Engineering and Process functions
· Manage Category and Commodity Strategies including spend analysis, Benchmarking, Cost, Market Analysis and Global Technology / Economic trends
· Ensure Relationship development and management with key Supplier Leaderships
· Align with Product management, R&D;, Operations, Finance and Quality and other departments
· Manage Supplier selection, RFQ and RFI process, Negotiation, Contracting and supplier performance processes
· Ensure Relationship development and management with key Supplier Leaderships
· Manage Supplier selection, RFQ and RFI process,
Negotiation, Contracting and supplier performance processes by maintaining Supplier Scorecards
· Improve Working Capital through Payment Terms extensions, Payment cycle optimization, Vendor Managed Inventories Inventory and Lead time reductions.
· Manage fixed assets capital procurement by establishing sustainable vendor base and develop a strong and robust Capital equipment’s expenditure process.
· Manage Annual spend worth 150 cr INR by creating a sustainable vendor base.
· Should have developed alternate OEM during the tenure as Sourcing Lead.
· Should have completed cost reduction projects to the tune 10-15% of spend YOY.