What you'll do:
This position involves creating and implementing sourcing strategy for MG India. This includes development of new parts, resourcing existing parts, Localization, VAVE to achieve material cost reduction, managing material inflation / deflation & supporting materials team to meet production and inventory control.
This position is responsible for Sourcing Strategy for MG India, having following responsibility:
• Develop and deploy regional commodity strategy along with category leaders for assigned commodities to deliver YOY cost reduction.
• Identify supplier to meet the commodity requirements in terms of quality, cost, delivery and inventory control (including Kanban, VMI, consignment inventory programs).
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• Monitor and track the commodity trends. Should have sound knowledge of Imports.
• Should have a detailed knowledge of should cost, cost sheet for each part in the related commodity.
• Develop strong Supplier - Eaton relationship with a partnership concept.
• Support strategic suppliers to improve their score cards, supplier evaluation, capability assessment & risk management.
• Supplier capacity mapping and develop supply base to meet fluctuating production volumes.
• Negotiate commercial agreements for total cost of ownership for each product
• Analyze spend of assigned commodity and identify cost out opportunities.
• Initiate, lead cost reduction projects to drive cost outs as per profit plan.
• Drive VA/VE with the support of engineering/design for material cost reductions.
• Co-Own the Project Monitoring with the SDE till the time of stabilization of the new part and complete handover to Materials.
• Work along with SDE for capacity improvement and cost reduction, Including identifying new Mfg. technologies.
• Implementation and adherence to the Eaton Business System related to SCM Function.
• Demonstrate very high level of Integrity and Drive compliance to the Eaton Code of Ethics and hold suppliers accountable for ethical conduct in all the transactions.
• Adherence to regulatory requirements and governance.
• Develop and maintain a high performance culture focused on continuous improvement and change.
Qualifications:
• Bachelor's in Mechanical / Production / Automobile Engineering
• 10 to 12 years of experience in sourcing, supplier development & procurement in engineering company preferably in Auto Component
• 3-4 year of hands-on experience on product costing, formulating commercial contracts
Skills:
• Through understanding of manufacturing processes such as forging and castings, machined parts, bearings
• Knowledge of quality systems and project management.
• Should be familiar with incoterms, TCO
• Knowledge on Vendor development /Quality check methodology
• Excellent communication skills in English (written & verbal)
• Relationship with suppliers as well as customers - Internal and External
• Cross Functions Team Working Skills due to Matrix Organization reporting
• Analytical skills
• Customer focus