Senior Manager - Purchase Powertrain

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 particular 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. Process Execution  Execute 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.  Check SOR on Technical specifications in order to shortlist vendors.  Check tech specification/ drawing shared by Product development for a particular commodity.  Execute RFQ document for floating to Vendors & ensure TRSO signoff from SQ.   Analyse quotation received for RFQ.   Execute Cost Estimate for parts as per TML 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 TML.  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 ERC 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 SC 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  Project status, Approvals  ERC  Technical Specification  SQ (AQ)  Product/Process Quality Assurance  SCM  Supplier performance  Finance  Budgets, payments and other finance related terms & conditions  External  Suppliers  RFQ, Bidding, Price Settlement    Desired Candidate Profile Diploma in Engineering  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 TML audit guidelines , purchasing agreements   Skills & Competencies Costing skills   Negotiation skills  Financial Acumen  Supplier Relationship Management  Performance Management.