Manager/ AD- Procurement Cost Reduction

Manager / Associate Director Procurement Cost Reduction

Location: Chennai
Experience:

• Manager: 7 to 10 Years
• Associate Director: 14 to 18 Years
  Work Mode: Hybrid | 5 Days Working

Job Overview

We are looking for experienced automotive procurement professionals with expertise in direct material sourcing, strategic procurement, value engineering, and cost optimization.

The role involves managing sourcing initiatives, supplier relationships, component cost improvement, and procurement excellence projects across automotive manufacturing categories.

Key Responsibilities

Procurement Strategy & Sourcing

• Develop and implement strategic sourcing plans for automotive direct materials.
• Manage supplier identification, RFQs, commercial negotiations, and contract discussions.
• Optimize procurement costs while maintaining quality and delivery standards.
• Drive sourcing improvement and procurement transformation initiatives.

Value Engineering & Cost Optimization

• Execute value engineering and value analysis initiatives across automotive components.
• Conduct component costing, should-cost analysis, and cost benchmarking.
• Identify savings opportunities through localization, alternate sourcing, and design-to-cost initiatives.
• Improve total cost of ownership and supplier productivity.

Automotive Component Expertise
Experience across one or more of the following categories:

• Castings and Forgings
• Machined Components
• Sheet Metal and Fabricated Parts
• Plastics and Polymer Components
• Electrical and Electronic Components
• Interior and Exterior Systems
• Powertrain and Drivetrain Components
• Chassis and Suspension Systems
• Fasteners, Bearings, and Standard Parts

Supplier & Stakeholder Management

• Evaluate supplier capabilities, cost structures, and performance.
• Coordinate supplier development and improvement initiatives.
• Manage commercial negotiations, tooling costs, and supplier agreements.
• Collaborate with procurement, engineering, manufacturing, and finance teams.
• Lead project discussions, prepare management presentations, and guide team members.

Required Skills

• Automotive Direct Material Procurement
• Strategic Sourcing and Category Management
• Value Engineering and Cost Reduction
• Should-Cost Analysis and Component Costing
• Supplier Development and Negotiation
• Automotive Manufacturing Processes
• Cost Optimization and Value Analysis
• Six Sigma and Operational Excellence
• Process Engineering and Product Development

Educational Qualification

• B.E./B.Tech. in Mechanical, Automobile, Production, Industrial, or Manufacturing Engineering.
• MBA from a reputed institute preferred.

Preferred Background

• Experience in automotive OEMs, Tier-1/Tier-2 suppliers, or engineering and consulting organizations.
• Understanding of automotive manufacturing processes and component cost structures.
• Experience in direct material sourcing and value engineering across multiple automotive component categories.

Additional Information

• 5 Days Working
• Hybrid Work Mode
• Travel to client locations as per business requirements