Role & responsibilities

1. New Part Price Settlement (NPD Support)

- Lead commercial negotiations with suppliers for new components under NPD projects.
- Ensure competitive pricing aligned with target costing and should-cost models.
- Support RFQ finalization, supplier selection, and sourcing decisions.
- Collaborate with NPD, R&D;, and Finance to ensure cost feasibility before project approval.

2. Raw Material Indexing Mechanism

- Establish and manage RM indexation agreements with suppliers (steel, aluminium, rubber, etc.).
- Ensure transparent and structured price adjustment formulas linked to market indices.
- Monitor and validate RM price fluctuations and impact on component costing.
- Drive compliance and timely execution of indexing mechanisms across supplier base.

3. Commercial Settlement (Existing + NPD)

- Lead annual price negotiations (APN) and periodic cost reviews with suppliers.
- Drive closure of commercial settlements for engineering changes, VA/VE, and localization.
- Resolve commercial disputes and ensure continuity of supply.
- Maintain strong supplier relationships while ensuring cost competitiveness and contractual compliance

4. Cost Reduction & Value Engineering

- Drive commodity-level cost reduction initiatives through:
- VA/VE (Value Analysis / Value Engineering)
- Design optimization inputs with NPD/R&D;
- Alternate sourcing and benchmarking
- Participate in cross-functional cost reduction projects.




- Deliver annual cost reduction targets (YoY savings / productivity).

5. Commodity Strategy Development

- Develop and execute commodity strategies covering:
- Vendor rationalization
- Localization / import substitution
- Regionalization strategies
- Dual sourcing and risk mitigation
- Conduct market intelligence studies (price trends, supplier capabilities, global benchmarks).
- Identify and develop new suppliers with cost, capability, and capacity advantage.

6. Supplier Development & Performance Management

- Evaluate supplier performance on QCD (Quality, Cost, Delivery) metrics.
- Work with SQA, Manufacturing, and NPD teams for supplier capability enhancement.
- Ensure supplier readiness for new product launches (APQP, PPAP).

7. Cross-functional Collaboration

- Collaborate with:

o NPD & R&D; for design-to-cost and feasibility o Manufacturing for process optimization and localization o Finance – for costing validation and savings tracking o Supply Chain – for continuity and risk mitigation

8. Governance & Compliance

- Ensure adherence to company sourcing policies, IATF 16949, and audit requirements.
- Maintain proper documentation of contracts, agreements, and commercial decisions.
- Ensure ethical sourcing practices and compliance with regulatory norms.

Preferred candidate profile

Perks and perks

📌 Manager/Senior Manager - Sourcing (Pune)
🏢 ANAND Group India
📍 Pune