STRATEGIC SOURCING ANALYST - Mechanical

Unleash your potential working with people from diverse backgrounds and industries to create a safer, sustainable and more connected world. The job involves monitoring the execution of key strategic sourcing initiatives, negotiating contract terms and conditions, and driving sourcing strategies to maximize cost savings.

Requirements

• Execute commodity strategies aligned with business objectives
• Monitor global market trends, supply-demand dynamics, and geopolitical factors.
• Mitigate risks related to commodity price fluctuations.
• Identify and develop new suppliers in collaboration with cross-functional teams.
• Optimize the supplier base to enhance efficiency and quality.
• Conduct RFQs for NPI (New Product Introduction) projects.
• Negotiate master purchasing contracts, Quality Assurance agreements, Non-disclosure agreements, consignment contracts, etc., with suppliers.
• Drive cost reduction initiatives through comprehensive cost analysis, market data evaluation, and negotiation.
• Collaborate with engineering teams to lead Value Analysis/Value Engineering (VA/VE) projects.
• Coordinate cross-functional efforts to achieve project KPIs including savings, lead time reduction, minimum order quantity optimization, dual sourcing, and localization.
• Identify risks, opportunities, and underperforming suppliers; implement corrective actions to mitigate risks and ensure continuous improvement.
• Collaborate with plant teams as necessary.
• Strengthening Supplier Management / Long-Term Partnerships/ supplier strategy
• Supporting Successful NPI Project Execution.