Understand the cost drivers for the Casting and Casting Machining categories & services.
Identify potential suppliers and leverage competition among suppliers.
Develop "partners of choice" relationships with preferred strategic suppliers in line with the Category Strategy and Supplier.
Plan for growth and capacity requirements, bringing to bear supplier capabilities for on-time-to-market, cost, and launch readiness.
Align suppliers to the Strategy by completing due diligence on any new suppliers and finalize the panel of suppliers to invite to drive cost reduction programs.
Maintain close collaboration with Product Management, Engineering, Quality, and Manufacturing Engineering departments while working to gain applicable supplier approvals.
Drive Sourcing Projects. Complete Initial RFQ Analysis, prepare a TCO (Total Cost of Ownership) Model, and review with partners to evaluate cost-down opportunities. Update cross-functional teams through the progress of the sourcing projects and coordinate project gate reviews with team members.
Complete Cost Tensioning using E-Sourcing as the tool of choice.
Manage contracts with suppliers to develop relationships and minimize risks to the business.