Job Description

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
1. Strategy Development:
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
2. Finance Management:
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
3. People Management:
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
Internal
Project status, Approvals
Engineering
Internal
Technical Specification
SQ (AQ)
Internal
Product/Process Quality Assurance
SCM
Internal
Supplier performance
Finance
Internal
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

• Costing skills
• Negotiation skills
• Financial Acumen
• Supplier Relationship Management
• Performance Management.

• Demonstrates substantial knowledge of electrical technology.
• Able to independently handle procurement of commonly used electronic components.
• Understands the technical specifications of microcontrollers, processors, semiconductors, infotainment and multimedia units and components for driver assist, experience and self drive to purchase components as per product needs.
• Works with empanelled suppliers to ensure timely delivery of parts in line with defined quality specifications and TAT.
• Able to negotiate all parts independently with minimal supervision
• Self preparation & leads negotiations with final outcome for the negotiated parts.
• Able to do Zero based costing on his own.
• Able to suggest alternate ways of producing a part which can result in capex saving and consistent quality
• Benchmarking of parts, processes, specifications, suppliers and competition