Strategic Sourcing Manager

Job Title: Deputy Manager / Manager – Strategic Sourcing & Costing

Department: Supply Chain / Procurement / Finance

Location: Coimbatore

Reporting To: Head Strategic Sourcing

Job Summary:

We are seeking a result-driven professional to lead Strategic Sourcing and Costing activities, focusing on supplier development, cost optimization, and data-driven decision-making. The role involves strong expertise in should-costing, supplier negotiations, cost analytics, and strategic procurement, especially within the manufacturing / CV industry.

Key Responsibility:

• Perform should-cost analysis, zero-based costing, and cost modeling for components and assemblies
• Lead machine hour rate calculations and cycle time estimation for accurate cost buildup
• Conduct price benchmarking and comparative analysis across suppliers and regions
• Drive material cost reduction initiatives using data analytics and cost breakdowns
• Identify, evaluate, and onboard suppliers through onsite assessments and capability analysis
• Drive supplier selection and development aligned with quality, cost, and delivery targets
• Build strategic partnerships with critical suppliers and diversify supply base to mitigate risks
• Develop and execute long-term sourcing strategies for cost competitiveness
• Lead structured negotiations for part and tooling costs with suppliers
• Finalize commercial agreements, contracts, and pricing frameworks
• Ensure long-term cost savings through effective negotiation strategies
• Monitor market trends, raw material prices, and supplier cost drivers
• Conduct supplier audits, performance evaluations, and development programs
• Establish long-term commercial contracts and improve supplier engagement
• Collaborate with suppliers for cost reduction, localization, and value engineering initiatives
• Work closely with R&D, Production, Quality, and Finance teams for cost optimization
• Support new product sourcing (NPD) with competitive costing and supplier alignment
• Ensure alignment between sourcing strategy and organizational goals
• Utilize ERP systems (SAP / Oracle / Microsoft Dynamics) for procurement and costing activities
• Drive process improvements and digital procurement initiatives
• Ensure compliance with procurement policies and audit requirements

Required Skills & Competencies:

• Strong expertise in Strategic Sourcing, Vendor Development, and Costing
• Hands-on experience in Zero-based costing, Should-costing & Cost modeling
• In-depth knowledge of machine hour rate calculation & cycle time estimation
• Proven experience in supplier negotiations and cost settlements
• Strong analytical skills with focus on data-driven cost reduction
• Excellent communication, negotiation, and stakeholder management skills
• Experience in supplier audits, development, and long-term contracting
• Proficiency in ERP systems (SAP / Oracle / Microsoft Dynamics)
• Exposure to Power BI / analytics tools is an added advantage

Experience:

• 6–12 years of experience in Strategic Sourcing / Costing / Procurement
• Preferred background from OEMs / Tier-1 suppliers, especially in Commercial Vehicle (CV) industry