Senior Manager - Purchase Powertrain

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.