Vice President Strategic Sourcing
Spearheading the sourcing function and defining the road-map for the sourcing strategy Supplier Parts Risk Assessment & Mitigation Strategy Developing and implementing key procurement strategies along with contingency plans to ensure both are aligned to organizational objectives Steering New Supplier Development initiative for supplier evaluation & selection and supplier agreements to meet QCD (Quality, Cost & Delivery) targets Identifying procurement needs and… Show more Spearheading the sourcing function and defining the road-map for the sourcing strategy Supplier Parts Risk Assessment & Mitigation Strategy Developing and implementing key procurement strategies along with contingency plans to ensure both are aligned to organizational objectives Steering New Supplier Development initiative for supplier evaluation & selection and supplier agreements to meet QCD (Quality, Cost & Delivery) targets Identifying procurement needs and establishing best-in-class sourcing strategies at the lowest total cost of ownership, developing vendors for better price, quality, delivery & increased volumes Improving supplier capability & capacity to meet the business needs based on KPIs, conducting monthly supplier evaluation meetings, and maintaining the supply base that balances the volume Piloting zero based costing & price negotiations, price & tooling cost finalization's for components with suppliers for related commodities Driving New Product Parts Development as per QCD & Timeline Targets Finalizing supply terms & conditions, conducting periodic rate review & price revisions and identifying/ developing alternate suppliers for cost reductions Facilitating material cost improvement by identifying opportunities related to localization, supplier negotiation and VA/VE ideas Maintaining pricing trend data of BOM Cost Formulating budgets for timely procurement of various critical components and ensuring uninterrupted supply of components to end users Show less