Manager - Procurement Cost Reduction (Automotive)

Location: Chennai

Work Mode: Hybrid | 5 Days

Role Summary

We are looking for a Manager with experience in automotive direct material procurement, strategic sourcing, value engineering, and cost reduction. The ideal candidate should have hands-on experience in purchasing automotive components and implementing cost optimization initiatives across multiple categories, preferably with automotive OEMs or Tier-1/Tier-2 suppliers.

Mandatory Skills

Procurement,

Costing,

Sourcing,

Vendor Development,

Manufacturing,

Process Engineering

MED,

Product Development,

Six Sigma,

Operations Excellence,

Value Engineering,

Cost Reduction,

Key Responsibilities

- Manage strategic sourcing and procurement of automotive direct materials.
- Drive value engineering, should-cost analysis, and cost-reduction initiatives.
- Handle supplier negotiations, RFQs, vendor development, and contract finalization.
- Identify cost-saving opportunities through localization and alternate sourcing.
- Evaluate supplier performance, manufacturing processes,



and component cost structures.
- Collaborate with engineering, manufacturing, and finance teams to improve procurement efficiency.
- Support Six Sigma, process improvement, and operational excellence initiatives.

Required Qualifications

- B.E./B.Tech. in Mechanical, Automobile, Production, Industrial, or Manufacturing Engineering.
- 7-10 years of experience in automotive procurement and direct material sourcing.
- Hands-on experience in value engineering and cost reduction across multiple automotive component categories.
- Robust understanding of automotive manufacturing processes, component costing, and supplier negotiations.
- Experience working with automotive OEMs or Tier-1/Tier-2 suppliers.
- MBA from a reputed institute preferred.

Additional Information
- Hybrid work model with five working days per week.
- Regular travel to client sites may be required based on business needs.

📌 Manager Procurement Cost Reduction (Chennai)
🏢 YO IT CONSULTING
📍 Chennai