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Buyer - Engine Proprietary
JOB_REQUIREMENTS
Hires in
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Employment Type
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Company Location
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Salary
Not specified
Responsibilities & Key Deliverables
- Supplier Scouting and Industry Mapping:
- Conduct thorough scouting of potential suppliers for engine proprietary components.
- Perform detailed mapping of industry references to identify leading suppliers and emerging trends within the industry.
- Supplier Selection and Price Negotiation:
- Identify and select appropriate suppliers for various engine proprietary components.
- Lead the price settlement process, ensuring competitive pricing that aligns with company standards and budget constraints.
- Costing and Product Cost Analysis:
- Develop cost estimates for various engine proprietary components using predefined templates and comprehensive product costing methodologies.
- Regularly update costing models to reflect changes in market conditions and supplier pricing.
- Financial Analysis and Risk Assessment:
- Analyze suppliers' balance sheets for commercial negotiations.
- Assess financial health and risk indicators of suppliers to mitigate potential risks to the supply chain.
- Cost Reduction and Negotiation Strategies:
- Identify and implement innovative cost reduction ideas during negotiations.
- Develop and execute plans to realize cost savings without compromising on quality or delivery timelines.
- Negotiation Skills:
- Exhibit strong negotiation skills to achieve favorable terms and pricing from suppliers.
- Build and maintain robust relationships with suppliers to facilitate smooth negotiations and long-term partnerships.
- Price Containment:
- Implement strategies to contain and manage prices effectively, ensuring alignment with overall cost management objectives.
- Supplier Risk Management:
- Develop and execute supplier risk management and mitigation plans.
- Proactively identify potential risks and take steps to minimize their impact on the supply chain.
- Differential Sourcing Strategy
- Compliance to process and systems with high degree of Ethical Conduct
- Benchmarking Technology and Prices:
- Conduct benchmarking studies to compare technology and prices across the industry.
- Use benchmarking data to inform decision-making and ensure the company remains competitive.
- Cross-Functional Team Coordination:
- Demonstrate strong coordination and communication skills to work effectively within cross-functional teams (CFT).
- Facilitate collaboration among various stakeholders to achieve common goals and drive project success.
Preferred Industries
Automobile
Farm Sector
Education Qualification
BE – Mechanical, Production, Electrical & Electronics
General Experience
5 - 10 years
Critical Experience
SAP, Advanced excel, Presentation skill
System Generated Core Skills
Analytical Thinking
Communication Skills
Influencing Skills
Project Planning & Execution
Risk Analysis
Supplier Selection
Pricing
Price Optimization
Supplier Risk Management
Sourcing
Strategic Sourcing
Benchmarking
System Generated Secondary Skills
Negotiation
Project Management
Supplier Management
Job Segment: Electrical, Engineering
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