About the role
Job Description Role Purpose
The Sourcing Manager Freight Component will drive BCC sourcing from Indiaacross various commodities such as Forging, Casting, Raw Materials, Fabrication, Electrical, Electronics, and Diversified Products for Freight Components (Global Sourcing).
Key Focus Areas
Key focus areas include identify BCC source, develop required components, drive cost out, ensure delivery Quality performance against need by date, price fixation, contract sign off with key suppliers, payment term optimization, supplier relationship management primarily for Freight component business.
Key Responsibilities
- Develop and execute category sourcing strategies aligned with AOP and STRAP objectives
- End-to-end management of development, pricing, delivery, and Quality for Freight Component exports from India-based suppliers
- Deliver year-over-year cost productivity (deflation) through localization, contract management and SCRI initiatives.
- Partner cross-functionally for Right First Time and On-Time execution of deflation projects.
- Drive Supplier Capacity Management.
- Leverage India supply base for global sourcing
- Drive Localization and import substitution initiatives
- Establish and manage long-term supplier agreements
- Lead Strategic Supplier Relationship Management (SRM)
- Identify and mitigate supplier risks
- Support India Freight Services sourcing strategy
Scope Impact
- Manage spend of ~USD 30M across 600+ parts
- Influence global stakeholders and cross-functional teams
Key Performance Indicators (KPIs)
- Cost Productivity (YoY Net deflation %)
- CFOA Improvement
- Incremental Spend and Deflation from Global Sourcing Projects.
- Supplier on-time delivery and quality performance
- Drive Localization and import reduction
- Improvement in Spend-Under Contract.
- Supplier Risk Management.
Qualifications / Experience
- Bachelors degree in mechanical / production engineering.
- MBA (Supply Chain) / EMBA preferred
- CPSM or equivalent certification preferred
- 10-12 years of experience in strategic sourcing
- Global sourcing and supplier development experience
- Willingness to travel up to 25%
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