Sr. Executive / Assistant Manager (Sourcing)

He / She will be primarily responsible for developing new and potential vendors, along with streamlining the existing ones. He/she will also be responsible for driving DFM changes to drive down cost and lead times.

• Develop and implement sourcing strategies for assigned categories.
• Should be proficient in Electronics / Electrical Components including PCBA’s and other Electrical Category.
• Identify and evaluate potential suppliers.
• Negotiate contracts and agreements with suppliers.
• Prepare and process purchase orders.
• Track orders and manage deliveries.
• Monitor supplier performance and address any issues.
• Identify cost-saving opportunities and implement cost reduction initiatives.
• Drive and execute Annual and Strategic Plan with supporting strategies
• Lead DFM opportunities with suppliers along with Engineering and Process functions
• Ensure Relationship development and management with key Supplier Leaderships
• Align with Product management, R&D, Operations, Finance and Quality and other departments
• Manage Supplier selection, RFQ and RFI process, Negotiation, Contracting and supplier performance processes
• Ensure Relationship development and management with key Supplier Leaderships
• Manage Supplier selection, RFQ and RFI process, Negotiation, Contracting and supplier performance processes by maintaining Supplier Scorecards
• Apply effective Sourcing supplier risk assessment methodologies to ensure supplier continuity
• Improve Working Capital through Payment Terms extensions, Payment cycle optimization, Vendor Managed Inventories Inventory and Lead time reductions.
• Manage fixed assets capital procurement by establishing sustainable vendor base and developing a strong and robust Capital equipment’s expenditure process.
• Manage Annual spend worth 10 cr INR by creating a sustainable vendor base.
• Should have developed alternate OEM during the tenure as Sourcing Lead.
• Should have completed cost reduction projects to the tune 10-15% of spend YOY.
• Strong analytical, problem-solving, and decision-making skills.
• Proficiency in procurement software and ERP systems.
• Excellent communication and interpersonal skills.