Job Description

Function
Procurement
Pay Band
M3 to M5
Role
As the Section Head - Cost Strategy you will be part of the Procurement function and will report to the DH-Cost Strategy.
The purpose of your role will be to develop strategies to minimize cost and improving sourcing efficiency.
The role requires expertise in cost assessment across various product categories and manufacturing technologies. This position will require to partner with buyers / sourcing engineers to facilitate optimize their procurement costs.
A purpose driven role for you
Your key responsibilities will include, but not limited to:
1. Cost assessment
? Development of cost models across product categories and manufacturing technologies
? Study of existing norms & practices and identify opportunity for improvements
? Evaluation and assessment of should be cost
? Cost drivers study for optimization
? Facilitate buyers for implementation
2. Cost Targets & Benchmarking
? Drive cost benchmarking to identify current model cost opportunities & support implementation
? Drive discipline around model level margin visibility & improvement
? Develop model specific cost negotiation strategy
? Initiate process of cost targets at the time of product conception
? Engage internal stake holders (CIT / Sourcing etc) as well as suppliers to firm up design based upon target cost.
? Implement and deliver targets & KPIs for the respective categories
? Identify pool of alternates who can provide innovative / competitive products
3. Knowledge base
? Creating knowledge repository, analytics and dashboard
A Day in the life
Continuous improvements of cost norms in view of inflationary environment
Engaging suppliers in scenario of shorter product life cycle and fluctuating volumes
Academic Qualification & Experience

• B TEch/MBA (Optional)
• 15-18 Years

Technical Skills/Knowledge
Strong analytical skills
Cost analysis & prepare strategies
Project Management
Process management & Operation excellence
Model level margins
Behavioural Skills
Good communication
Presentation skills
Ability to conceptualize & work independently
Time Management
Leadership
What will it be like to work for Hero
As the world's largest manufacturer of motorcycles and scooters for the last 22 years, Hero is where you will get to work with the brightest innovators, passionate about being the best in what they do. You will become a part of India's proudest legacy, a brand that is celebrated by 110 million Indians and is now taking over the world with its manufacturing superpower. If you are someone who dreams big and goes after their dreams with absolute conviction, Hero is your place to be. At Hero, we are building a cutting-edge future of mobility, pushing frontiers of innovation and aiming for the very best. Choose to be with the best, choose to be your best.
About Hero
Headquartered in New Delhi (India), is the world's largest manufacturer of motorcycles and scooters for 22 consecutive years. We are at the forefront of developing modern, technologically superior and eco-friendly mobility solutions for its millions of customers around the world.
Hero MotoCorp has rapidly transformed into a true multinational organization with a presence in 47 countries across Asia, Africa, Latin America and the Middle East.
We have achieved the coveted milestone of 110 million cumulative production and sales since inception. Aligned with its Vision "Be the Future of Mobility", Hero MotoCorp plans to achieve its next 100 million sales by 2030.
We have a globally benchmarked manufacturing and Research & Development (R&D) ecosystem that is spread across global geographies. Its R&D facilities are located in India and Germany - the Centre of Innovation and Technology (CIT) at Jaipur, India, and the Tech Centre Germany (TCG), near Munich. Hero MotoCorp's eight 'green' manufacturing facilities are spread across India (6), Colombia (1) and Bangladesh (1).
Hero MotoCorp is the pre-eminent leader in the Indian two-wheeler market. It is the only motorcycle manufacturing company listed in Dow Jones Sustainability Index.
In 2022, Hero MotoCorp launched a separate brand for emerging mobility solutions, including Electric Vehicles (EV) - VIDA, Powered by Hero. VIDA has commenced sales of VIDA V1 - its first EV - in India and plans to launch the product in global markets.
We are one of the largest global corporate promoters of multiple sporting disciplines. Hero is globally associated with golf, football, field hockey, cricket and motorsports. Hero MotoSports Team Rally is one of India's flag-bearers in global rally racing. The iconic golfer Tiger Woods is Hero MotoCorp's Global Corporate Partner.
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Recruitment assessments - We at Hero are equal opportunity employer and committed to a policy of treating all its employees and job applications equally. Some of our roles use assessments to help us understand how suitable you are for the role you've applied to. If you are invited to take an assessment, this is great news. It means your application has progressed to an important stage of our recruitment process.

Skills Required