Job Description

Sourcing & Costing Analyst

Department:

Purchase

Reporting To:

Purchase Manager

Role Overview:

The Purchase Executive will be responsible for sourcing, negotiating, and procuring rawmaterials, machinery, and services required for sheet metal/automotive manufacturing operations. The role requires strong analytical and cost estimation skills to support procurement decisions and ensure cost-effectiveness while maintaining quality and timely supply.

Key Responsibilities:

Source and procure raw materials, sheet metal components, consumables, and machinery as per production requirements. Prepare detailed cost estimations for new and existing products, considering raw material, machinery, tooling, manpower, and overheads. Create and maintain Cost Sheets for RFQs (Request for Quotation) to support commercial negotiations. Interact and negotiate with customers and vendors for pricing, terms, and supply agreements. Analyze and calculate Machine Hourly Rates (MHR) for accurate cost projections. Maintain vendor relationships, evaluate suppliers, and ensure quality and timely delivery. Support management in achieving cost reduction targets without compromising on quality. Collaborate with Production, Quality, and Finance teams for procurement planning and approvals. Ensure adherence to company policies, compliance, and documentation standards. Keep updated with market trends, raw material price fluctuations, and industry developments relevant to automotive/sheet metal manufacturing.

Qualifications & Skills:

Graduate / Diploma in Mechanical / Industrial / Supply Chain or related field (preferred). 2-5 years' experience in Purchase, preferably in Automotive, Sheet Metal, or Manufacturing industry. Strong knowledge of costing, RFQs, and procurement processes. Practical understanding of MHR (Machine Hourly Rate) calculations. Excellent negotiation and vendor management skills. Proficiency in MS Excel, ERP systems, and costing tools. Strong analytical, communication, and problem-solving abilities.

Key Competencies:

Cost-conscious and detail-oriented. Strong negotiation and networking ability. Ability to work under pressure and meet deadlines. Cross-functional collaboration and decision-making skills.
Job Type: Full-time

Pay: ₹40,000.00 - ₹50,000.00 per month

Work Location: In person