As a Sourcing Specialist, you will own a cost negotiation with suppliers according to Organisation policies. You will ensure to achieve the best contractual conditions while also ensuring internal customer satisfaction.
Posses hands on experience on zero based costing for Electric Vehicles
Very good knowledge on various BOMs of vehicles
Possessing good negotiation skills with strong financial sense.
problem-solving and decision-making skills
As a Lead Costin Specialist, you will be responsible for:
Responsible to prepare zero-based costing for parts, products, sub-assemblies and assemblies for the complete vehicle Bill of Materials (BOM), including mechanical, electrical, and electronic components.
Monitor, Control and reduce BOM cost & Tooling cost against the Org. Target cost throughout the Product development cycle by collaborating with stakeholders.
Identify and initiate actions to meet the optimum parts, product, sub assembly cost by identifying the gap between supplier quotes and zero-based costing and thro’ data-driven negotiations with suppliers.
Establish a comprehensive database of competitive benchmark costs for parts, sub-assemblies, and assemblies.
Drive various cost reduction projects through idea generation events, benchmarking studies, teardown and competitor analysis.
Evaluate and propose alternative vendors for resourcing to meet cost targets effectively.
Take the lead in program budgeting during the development phase, working closely with various teams to conduct thorough due diligence on capex and opex budget requests, and conducting data-driven analysis to rationalize budgets.
Prepare business cases for projects involving significant capex and opex expenditures, critically evaluating them against strategic and financial parameters such as NPV, IRR, and Payback period.
Responsible for cost management by collaborating with relevant stakeholders to ensure accurate capture of all cost drivers influencing gross margin.
Lead multiple VAVE projects, and executing the initiatives in a timely manner to support business goals and Profit Plan objectives
Maintaining SAP attributes (price, pay terms, incoterms, leadtimes, MoQs etc) for proper assignment of source rule to enable purchasing actions.