HOHoneywell
Sr Strategic Sourcing Spec
Gurgaon ₹5-7 LPA Posted 8 May 2025
FULL TIME
Ppap
Cost Reduction
Supply Chain
Strategic Sourcing
Procurement
+2 more
Job Description
- New Product Development:RFQ Preparation
- Supplier Identification
- Quotation Analysis
- Should Costing
- Negotiation with Suppliers
- Supplier Agreement Sign-off
- PPAP (Production Part Approval Process)
- BOM (Bill of Materials) Finalization with Engineering Team, including should-cost evaluation of each part.
- Monitor price trend analysis of commodity pricing and conduct cost negotiations with suppliers.
- Manage vendors, including:
- Supplier/Vendor Risk Analysis
- Supplier/Vendor Evaluation & Rating on QCD (Quality, Cost, Delivery)
- Supplier/Vendor Improvement Plan preparation & Implementation
- Drive VAVE (Value Analysis/Value Engineering), Cost Reduction Initiatives, Supplier/Vendor Rationalization, and Supplier/Vendor Spend Analysis.
- Lead New Vendor development, including capacity planning, product cycle time evaluation, and new product line setups at vendor locations.
- Set and achieve yearly targets for cost reduction, vendor consolidation, smooth and timely Program launches, localization content improvement, and supplier relationship management.
- Handle tool cost settlement with vendors through amortization/recovery methods and formulate Tooling Contract Agreements.
- Implement Cost Reductions based on productivity improvements, rejection control, business assurance, and the formulation of 'Share of Business' frameworks, benchmarking, and cost walk over time.
- Provide support to Design & Marketing teams for NPI (New Product Introduction) indirect procurement.
- Conduct regular Vendor Visits to enhance capacity and quality in the manufacturing process.
- Monitor Raw Material Planning by suppliers based on scheduling & Procurement Plans.
- Prepare Monthly MIS (Management Information System) reports for Sourcing activities.
- Utilize ERP-SAP-MM Module for procurement processes.
- Ready to support procurement activities for New NPIs post PPAP.