Program Purchasing

2 weeks ago


Chennai, Tamil Nadu, India Visteon Corporation Full time

At Visteon, the work we do is both relevant and recognized —not just by our organization, but by our peers, by industry-leading brands, and by millions of drivers around the world. That's YOUR work.

And, as a truly global technology leader in the mobility space, focused on building cross-functional AND cross-cultural teams, we connect you with people who help you grow.

So here, whatever we do is not a job. It's a mission. As a multi-billion-dollar leader of disruptive change in the industry, we are shaping the future, while enabling a cleaner environment. No other industry offers more fast-paced change and opportunity. We are in the midst of a mobility revolution that will completely change the way we interact with our vehicles, reduce the number of car accidents and fatalities, and make the world a cleaner place. 

Visteon is at the epicenter of this mobility revolution.

Two major trends in the automotive industry – the shift to electric vehicles and vehicles with autonomous safety technologies – have created unique opportunities for Visteon. We are the only automotive provider focused exclusively on cockpit electronics – the fastest-growing segment in the industry. 

And our team is ready for YOU. To show the world what you can do.

Detailed description:

Enabling a software-defined, electrified future.

Visteon is a technology company that develops and builds innovative digital cockpit and electrification products at the leading-edge of the mobility revolution. Founded in 2000, Visteon brings decades of automotive intelligence combined with Silicon Valley speed to apply global insights that help transform the software-defined vehicle of the future for many of the world's largest OEMs. The company employs 10,000 employees in 18 countries around the globe. To know more about us .

Mission of the Role: This role champions leadership in direct material procurement, orchestrating value from commodity purchasing and other cross functional teams to secure new business wins for Visteon and ensure flawless launch execution. The mission is also to provide leadership to the entire purchasing team and be the face of Procurement and play a strategic role in helping to drive actions towards profitable businesses for India.

Key Objectives of this Role:

Drive overall strategies of the organization to ensure cost savings through all phases of program development (procurement and supply chain perspective):

o Idea Generation and Screening

o Concept Development and influence make vs buy decisions 

o Costed BOM analysis

o Product Development recommendations based on market trends

o Commercialization and industrialization (Regional Level)

o Drive for positive business equation for the organization (Sales and purchasing)

Drive PDM (price decision making) approach and target on-time cost at BOM

Drive cross functional Sourcing Boards for alignment and final sourcing approvals meeting project milestones and commercial expectations

Drive an early engagement to arrive at a competitive cost and work towards design to cost (a bottom-up focused approach)

Drive on-time BOM with the required specification based on market nuances

Drive and ensure customer group expectations in different regions ensuring program profitability

Lead efforts to drive localization and best country supplier sourcing strategies with the "total landed cost" approach during the pursuit and sourcing phase

Work closely with Product Development in developing "design for sourcing" strategies

Key Performance Indicators:

Secure New business wins with competitive costed BOMs

Drive for early platform based design solutions to help achieve above

Flawless execution of new product launches

Drive for profitable businesses and improve material margins

Key Year One Deliverables:

Leverage market intelligence and indices to maximize savings

Mitigate headwinds including inflationary & inventory impacts to minimize risks

Maximize savings through market tests, VAVE engagement, and redesign opportunities

Enabling timely supplier development & qualification

Qualification, Experience and Skills:

Bachelor's Degree, Master preferred, Electrical Engineering preferred

5-7 yrs in responsible roles within an international business environment and procurement/purchasing lead experience

Strong knowledge of supply base and costing of various commodities

Ability to clearly present sourcing strategy for projects and risk assessments

Ability to lead cross functional teams with focus and accountability.

Effective negotiation skills

Value Chain analysis (VAVE, TQCM)

Effective presentation skills and Strong communication skills

Knowledge about EV market and suppliers to support EV Product portfolios .

Ability to balance risk and achieve lowest material cost within very tight deadlines

Key Behaviors:

Lead from the front

Inspire change

Build strong teams

Lead the market

Strong business partner

Critical thinker

Visionary

Resilient

Perseverant

Reporting Structure:

Reports to the regional lead of Program Procurement.

Visteon Culture: If you thrive in a fast-paced, organizational culture that requires agility, adaptability, and a growth mindset from its employees to thrive and stay ahead of the curve Visteon is the place. We value high performance and a drive for results. Innovation, risk-taking, and continuous learning help us keep up with the ever-changing landscape of our industry and be Market leaders. At Visteon you can be more. 

More Good Reasons to Work for Visteon Focusing on the Future

Our company strategy focuses on leading the evolution of automotive digital cockpits and safety solutions. This strategy is driven by constant innovation, and you will support our efforts through your role. We are recognized across the industry for innovation. We have a strong book of business that is expected to drive future growth, along with a customer base that includes almost every automotive manufacturer in the world.

Company Culture

Working at Visteon is a journey in which our employees can develop their strengths and advance their careers while making a difference globally. Join us and help change the world and how we interact with our vehicles. Visteon is where the best technical talent creates the future. Learn more about our culture

Competitive Compensation and Benefits

Visteon offers competitive salaries and benefits and an environment that encourages employees to achieve their career goals.

About Visteon

Visteon is a global technology company serving the mobility industry, dedicated to creating a more enjoyable, connected and safe driving experience. The company's platforms leverage proven, scalable hardware and software solutions that enable the digital, electric, and autonomous evolution of our global automotive customers. Visteon products align with key industry trends and include digital instrument clusters, displays, Android-based infotainment systems, domain controllers, advanced driver assistance systems and battery management systems. The company is headquartered in Van Buren Township, Michigan, and has approximately 10,000 employees at more than 40 facilities in 18 countries. Visteon reported sales of approximately $2.8 billion and booked $5.1 billion of new business in 2021.Learn more at .



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