Procurement Head - Automotive NPD Materials/Electronics (15-25 yrs)

Key Responsibilities:

Strategic Sourcing:

- Develop and execute strategic sourcing strategies for automotive electronics materials aligned with the company's NPD (New Product Development) goals.

- Identify, evaluate, and select suppliers capable of meeting quality, cost, delivery, and innovation requirements.

- Negotiate contracts, terms, and conditions with suppliers to ensure favorable pricing, delivery, and service levels.

Supplier Relationship Management:

- Build and maintain strong relationships with key suppliers to drive continuous improvement in quality, cost, and delivery performance.

- Conduct regular supplier performance reviews and implement corrective actions as necessary to address issues and improve overall supplier performance.

Collaboration and Communication:

- Work closely with cross-functional teams including Engineering, Product Development, Manufacturing, and Quality Assurance to understand material requirements and specifications.

- Communicate effectively with internal stakeholders to align procurement strategies with overall project timelines and objectives.

- Provide timely updates and reports on procurement activities, supplier performance, and cost savings initiatives to senior management.

Risk Management:

- Proactively identify potential supply chain risks and develop mitigation plans to ensure continuity of supply.

- Monitor market trends, industry developments, and regulatory changes that may impact materials sourcing and procurement strategies.

Cost Management and Optimization:

- Drive cost reduction initiatives through value engineering, supplier consolidation, and negotiation strategies without compromising quality or reliability.

- Optimize inventory levels and lead times to support production schedules and minimize excess and obsolete inventory.

Compliance and Ethical Sourcing:

- Ensure compliance with company policies, industry regulations, and ethical standards in all procurement activities.

- Promote sustainability initiatives and ethical sourcing practices within the supply chain.

Requirements:

- Bachelor's degree in engineering (Electronics), supply chain management, Business Administration, or related field. With 15 Years to 18 Years of experience in Automotive (Tier - 1) industries.

- Proven experience (13+ Years) in procurement and sourcing of electronics components within the automotive industry, ideally within an NPD environment.

- Strong knowledge of electronic components, materials, and manufacturing processes.

- Excellent negotiation, contract management, and supplier relationship management skills.

- Ability to analyze data, identify trends, and implement effective procurement strategies.

- Solid understanding of supply chain management principles, logistics, and inventory management.

- Proficiency in ERP systems and procurement software tools.

- Strong communication, interpersonal, and leadership skills.

- Certification in procurement or supply chain management (e.g., CSCP, CPSM) a plus.