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Position Summary
We are looking for an experienced Strategic Procurement professional with 10–12 years of experience in commodity sourcing, supplier management, cost optimization, and value engineering. The candidate should possess strong expertise in Copper Machined & Forged Components, Plastic Commodities, Zero-Based Costing (ZBC), MIS Reporting, Supplier Negotiations, and Strategic Sourcing.
The role will be responsible for developing sourcing strategies, driving procurement savings, supplier consolidation, cost transparency, and supporting business growth through effective procurement practices.
Key Responsibilities
Strategic Sourcing & Procurement
- Develop and execute sourcing strategies for assigned commodities.
- Drive competitive sourcing through RFQ, RFI, and e-auction activities.
- Identify and develop new suppliers to enhance competitiveness and reduce risk.
- Conduct supplier capability assessments and sourcing evaluations.
- Develop supplier consolidation and vendor rationalization strategies.
Commodity Management
Copper Parts (Machining & Forging)
Strong understanding of:
- Copper machining processes
- Hot & cold forging
- CNC turning and milling
- Surface treatment and plating processes
- Perform technical-commercial evaluations of suppliers.
- Evaluate material utilization, scrap generation, productivity, and cost drivers.
Plastic Commodity
- Experience in:
- Injection molding
- Insert molding
- Engineering plastics
- Mold costing
- Cycle time analysis
- Drive material and process cost optimization.
Cost Management & Zero-Based Costing
- Lead Zero-Based Costing (ZBC) initiatives across commodities.
- Conduct should-cost analysis and price breakdown reviews.
Analyze:
- Raw material costs
- Conversion costs
- Tooling costs
- Packaging
- Logistics
• Support annual productivity and cost reduction targets.
• Identify Value Engineering (VE) opportunities.
Supplier Negotiation & Contract Management
• Lead commercial negotiations with suppliers.
• Prepare negotiation strategies using cost models and market intelligence.
• Execute long-term agreements and rate contracts.
• Manage supplier performance and business reviews.
MIS & Analytics
Develop and maintain procurement MIS dashboards.
Track:
- Savings
- Spend analysis
- PPV (Purchase Price Variance)
- Supplier performance
- Contract compliance
Utilize Excel, Power BI, SAP/ERP tools for data analysis.
Market Intelligence
- Monitor commodity market trends:
- Copper/Plastics/Polymers
- Energy/Labor impacts
- Logistics costs
• Evaluate risk and recommend mitigation plans.
• Benchmark supplier pricing and industry trends.
Candidate Profile :
Mandatory Expertise :
- B.E./B.Tech in Mechanical Engineering
- 10–12 Years Procurement Experience
- MIS & Data Analytics
- Zero-Based Costing (ZBC)
- Should Costing & Cost Breakdown Analysis
- Copper Machined Parts & Forging Commodity
- Plastic Commodity Sourcing
- Strategic Sourcing & Supplier Negotiation
- Value Engineering & Cost Reduction Projects
Desired Competencies
• Strategic thinking
• Strong commercial acumen
• Excellent negotiation skills
• Cost optimization mindset
• Data-driven decision making
• Cross-functional collaboration
Key Performance Indicators (KPIs)
• Annual Cost Savings
• Supplier Consolidation / Supplier Performance
• Contract Coverage
• Procurement MIS Accuracy
• Localization & Value Engineering Savings
Preferred Industry Experience
• Switchgear
• Automotive Components
• Copper Components / Forging Industry
• Plastic Components / Industrial Equipment
WE DON'T NEED SUPERHEROES, JUST SUPER MINDS!
WE’VE GOT QUITE A LOT TO OFFER. HOW ABOUT YOU?
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