Initiate and monitor cost reduction drive with the supplier for project-based and YoY to achieve cost reduction and be competitive in the market
Consistently create cost effective supplier base and overcome single supplier dependencies
BOM analysis for cost contributors and initiate cost reduction program
Timely working out the latest Product cost and sharing with the Deal desk for bid/quote to customers
Periodic updating of the product BOM cost for the latest parts cost and sharing reports with the Deal desk
Conduct period supplier audits and supplier rating
Measuring, Monitoring & Improving the suppliers' performance on Quality, Cost & Delivery
Identification, Evaluation and selection of cost-effective suppliers in line with the Tejas Sourcing process
Create a pool of cost-effective alternative suppliers for each part to bring the flexibility in terms of Cost, quality and delivery.
Get competitive quotations, compare technical specifications and commercials, negotiate and finalise the prospective suppliers' base.
Initiate the sample purchase, get samples from suppliers, and coordinate for sample evaluation and acceptance
Initiate and drive cost reduction program for YoY cost reduction and project-based cost reduction
Update the latest parts cost in the product BOM cost and share with the Deal desk on a regular Intervals
Analyse the BOM, identify the cost contributors and initiate the cost reduction program
Initiate and drive the Value Engineering process to bring down the cost
Conduct Periodic Suppliers Audits and supplier performance rating along with the quality team
Initiate and drive the quality system requirements (ISO9000/TL9000/ ISO14001/OHSAS 18000) for suppliers and maintain the records for Internal and external audits by customers’ / ISO certification auditors,
Ensure that the selected suppliers meet the quality system requirements (ISO9000/TL9000/ ISO14001/OHSAS 18000)
Ensure that the various Sourcing and BOM costing KPIs and parameters are achieved and continually improved
To train and develop the Sourcing & Procurement management team members to the required skills continuously
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