1) Commodity Management - Developing Sourcing Strategies, Supply Market / Industry study, Understanding Commodity/ RM market cycles, Supplier Selection & Assessment, Supplier negotiation, Build Strong Supplier Relationship Management (SRM), Driving Supplier Innovations and VA/VE ideas, Capex/investment settlement
2) Managing Total Cost of ownership (TCO) through Cost Saving & Value Engineering, Product / Component costing, Managing RFQ evaluation and price settlements & New Business Awards
3) Material Analysis, Budgeting & cost containment
4) Demand mapping, Capacity planning, Performance monitoring & de-bottleneck issues
5) Identification, Benchmarking & Sourcing of Technology Items
6) Identifying Supplier Risk & its Mitigation strategy (Associated with commodity, conversion, fire & safety, Cyber security etc)
7) Digitization, Spend / Data Analytics & Leverage technology tools for effective analysis