Cost Management- Sourcing

2 weeks ago

Chennai, India Royal Enfield Full time

We are looking for a highly skilled professional to join our Sourcing & Logistics team as a Cost Management expert. The successful candidate will provide crucial costing support to sourcing teams, optimizing material costs through strategic cost reduction initiatives and effective management of inflation-related clauses in supplier contracts. Should be Techno-commercial expert with each part in Mechanical Proprietary, with a focus on A Class parts such as the brake system, ABS, suspension, forks, and radiators, among others. They should be aware of the cost of manufacturing, raw materials, and tools based on the current market prices.


Key Responsibilities:

Cost Analysis: Conduct in-depth cost analysis of components and materials, facilitating comprehensive scenario planning.

Supplier Negotiation: Negotiate advantageous terms with suppliers specializing in relevant components to secure cost-effective agreements.

Technical Advisor: Provide techno-commercial expertise to the strategic sourcing team during new product development (NPD).

Cost Validation: Validate cost sheets and manage cost cards for new and existing products.

Price Negotiation: Lead negotiations to obtain the best possible prices from suppliers.

Cost Reduction: Implement cost-saving strategies, including alternative materials and methods for manufacturing, to meet business targets.

Value Engineering: Collaborate with engineering, sourcing, and quality assurance teams to drive value engineering initiatives.

Data Analysis: Provide insights for sourcing alternative vendors, materials, and volume-based discounts.

Contract Management: Manage inflation clauses and risk in supplier contracts.

Variance Analysis: Monitor and address material cost variances proactively.

Team Management: Lead and develop your team, fostering a collaborative environment.


Ideal Candidate:

-A qualified professional with a B.E./B.Tech in Mechanical or Automobile Engineering, bringing

over 8 years of expertise in costing within the automobile and motorcycle sectors, especially with OEMs and ancillaries.

- Strong techno-commercial expertise with a history of successful supplier agreements.

- Strategic thinker with experience in cost reduction and risk management.

- Excellent analytical skills for data interpretation and deriving actionable insights.

- Leadership experience with a focus on team development and performance management.

Why Royal Enfield?

We value diversity, inclusivity, and the unique perspectives you bring. Enjoy a competitive salary, robust benefits, and unparalleled growth opportunities. Experience a workplace where your innovation drives industry change.

Ready to Join Us?

Apply via our website today. For any queries, contact Manoj Kiyean at talentacquisition@royalenfield.com. Royal Enfield is committed to being an equal-opportunity employer. Join our trailblazing team and be a part of our legacy

“Join Us and feel the freedom, embrace the road- ride with pure motorcycling passion”

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