Date: Jul 9, 2024
Location: Pune, India
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Purpose of the Role
This role is responsible to manage end-to-end purchasing activities for the allocated commodity. The position holder is responsible to on-board strategic vendor partners for part category within DMC and capex targets received from product line with a visibility of achieving cost efficiencies by deploying various cost reduction levers.
Job Responsibility
Prepare DMC (Direct Material Cost) and Capex estimation for the upcoming models.
Identify vendors with advance technology, prepare business plan and validation of vendors and initiate vendor empanelment process.
Review SOR on Technical specifications to shortlist vendors.
Review tech specification/ drawing shared by Product development for a particular commodity.
Prepare RFQ document for floating to Vendors & ensure TRSO signoff from SQ.
Analyse quotation received for RFQ.
Prepare Cost Estimate for parts as per TMPV Standard Cost Estimation Process.
Propose a shortlist of most suitable vendors after negotiation.
Recommend SOB for vendors as per organizations long term sourcing strategy.
Obtain internal approval for vendor finalization through sourcing council and release PO.
Monitor and review financial health, operations, IR health, etc. of the suppliers for long-term sustainability.
Identify vendors, which can be groomed as long-term partners for TMPV.
Supplier negotiation Assess the current situation (Business Environment- External) along with SQ and SCM and tactfully negotiate the terms and conditions with the suppliers.
EVI (Early Vendor Involvement) develop vendors for critical long lead time items.
Process and Supply chain Optimization by localization of the component by resourcing or by introduction of alternate technologies with the help of vendors
Compare current part with the Proposed change and review the commercial impact
Release of RFQ for the shortlisted list of vendors
Ensure amendment of Purchase orders on the revised pricing
Collaborate with Engineering on cost reduction initiatives through VAVE (Value addition value-engineering initiatives), change in design or process improvement & Work along with vendors to get optimal advantage
Evaluate vendors to track target cost, in case of cost escalation / quality issues initiate re-sourcing along with SQ and SCM for identified commodity
Drive cost reduction through Commercial reduction, VAVE, Resourcing & SOB mix
Track market commodity prices for costing references.
Analysis of POGR and CR CI reports
Analysis and resolution of audit queries
Effective communication and interaction with the stakeholders to ensure proper process and necessary improvements to achieve optimal performance.
Effective networking with all the internal and external stake holders to ensure required support which is crucial to meet deadlines.
Stakeholder Profiles & Nature of Interactions
Internal
Product Lines
Project status, Approvals
Engineering
Technical Specification
SQ (AQ)
Product/Process Quality Assurance
SCM
Supplier performance
Finance
Budgets, payments, and other finance related terms & conditions
External
Suppliers
RFQ, Bidding, Price Settlement
Desired Candidate Profile
Education: Bachelor of Eng., MBA, or other qualifications with relevant experience
Relevant Experience
Experience of Purchase Process
Experience of Supplier Negotiation
Experience of Should Costing/Zero Based Costing
Understanding & experience of Cost reduction levers
Thorough knowledge of manufacturing and surface protection processes
Understanding of part validation and performance measures
Knowledge of various raw materials and commercial implications
Understanding of TMPV audit guidelines, purchasing agreements
Skills & Competencies
Functional Competencies
Costing skills
Negotiation skills
Financial Acumen
Supplier Relationship Management
Performance Management.
Technical Competencies
Understands technical specification of components and matches the technical side of production equipment / tools - cutting edges, such as drill bits, end mills, and inserts, that remove material through cutting, grinding, or other mechanical processes to produce the desired component.
Know-how of materials - metals, plastics, REM's, and aggregate level understanding
Uses know how of surface finish precision and tolerances to ensure components meet quality standards.
Negotiates agreements (including pricing, delivery, quality, payment terms etc.) with Suppliers.
Understands the properties of different types of plastics and tooling expertize needed.
Understands concepts of sheet metal fabrication processes, including cutting, stamping, bending, welding, and painting
Understands the technical specifications of sheet metal components and the tools used
Able to perform basic checks of precision and durability of tooled plastic components.
Understands the types of rubber like natural, synthetic, rubber compounds and production methods like molding, extrusion, and vulcanization.
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