Job Description
- Material Cost Budgeting: Workout and managing material cost budgets for FY Commodity Management: Controlling and optimizing on commodity cost Financial Analysis: Analyzing financial data related to SOB, rule of buying , premiumto take procurement decisions. Bill of Materials (BOM) Analysis: Reviewing and optimizing BOM structures. Cost Reduction Initiatives: Identifying and implementing cost-saving opportunities – PACE, Modularity & Focus models Supplier Financial Analysis: Evaluating supplier financial stability & identify the cost reduction opportunities Price Negotiation: Negotiating prices with suppliers Contract Negotiation: Secures favorable terms, prices, and delivery schedules. Cost Forecasting: Predicting future material costs. Variance Analysis:



Analyzing cost deviations & drive to implementation of actions Reporting and Dashboard Management: Monthly reporting on material cost Cost data digitalisation : All cost data elements to be digitalised & use AI/ML tools for variance and improvement in cost structures Contract management : Implement purchase order terms & condition agreement with supplier and update whenever necessity arises Group Buying : Bring all commodity spending with in group buying Meet Govt regulations: Participate in SIAM, ACMA forum & understand the government proposed regulations & act accordingly Team building for cost governance, Digital approval through ML tools

📌 Development Engineer (Hosur)
🏢 TVS Motor
📍 Hosur