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 part category within DMC and capex targets received from product line with a visibility of achieving cost efficiencies by deploying various cost reduction levers.
Job Responsibility
- Strategy Development
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 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 TMPV 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 TMPV.
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 impact