
Responsibilities:
- Create a buying strategy with respect to annual budget.
- Finalize and execute price contracts with global suppliers.
- Vendor risk assessment and mitigation actions.
- Drive Supplier improvement program.
- Decide on consolidation of suppliers.
- Assigning and prioritizing the activities to team and ensuring its completion as per the plan.
- Negotiate commercials with suppliers to maximize the profits and ensure the purchase value less than budgeted cost for all new products.
- Sourcing of shortage items, resolving commercial and technical issues with suppliers.
- Drive cost reduction initiatives to meet the target material prices.
- Component Obsolescence management.
- Proactive identification of suppliers for existing single source, cost reduction and alternative suppliers to replace the poor performance suppliers.
- Conducting supplier meets and visits.
- Provide leadership to Purchase team.
- Develop, establish and maintain good business relationship with suppliers.
- Ensure on time completion of material ordering.
- PO contract reviews and compliance.
- Well versed in managing imports.
Deliverables:
- Save costs.
- Streamline procurement plans.
- Ensure continuity of goods.
- Minimize supply risks.
- Ensure supplier delivers On-time in full with zero defects.
Requirements:
- Exposure of Aerospace Component Manufacturing.
- Experience of Global Sourcing.
- Minimum work Experience - 16 Years.
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