Sr Manager – Purchase

Position Summary with Job Responsibilities Sr Manager – Purchase will work with the relevant teams to award the portfolio of contracts in order to maximize added value from 3rd Party Goods and Services and achieve business objectives in a timely manner within TML procurement procedures. Job Responsiblities •    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 in order 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 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 •    Evaluate vendors to track target cost, in case of cost escalation / quality issues initiate re-sourcing along with SQ and SC for identified commodity  •    Process and Supply chain Optimization by localization of the component by resourcing or by introduction of alternate technologies with the help of vendors •    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         •    Compare current part with the Proposed change and review the commercial impact •    Release of RFQ for the shortlisted list of vendor •    Track market commodity prices for costing references  •    Drive cost reduction through Commercial reduction, VAVE, Resourcing & SOB mix      •    Ensure amendment of Purchase orders on the revised pricing Education BE/B Tech Work Experience 3-9 years Tata Motors Leadership Competencies Customer Centricity - Anticipating, understanding and focusing efforts on meeting the customer (stakeholders) needs or expectations Developing Self and Others - Recognizing continuous development is essential for success and taking steps to develop self and helping others to excel Driving Execution - Translating strategy into action and execution Leading by Example - Encouraging and following ethical standards Leading Change - Recognizing the need for change, initiating and adapting to change Motivating Self and Others - Inspiring teams and individuals Functional Competencies Tags