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Strategic Sourcing Analyst III
1 month ago
POSITION : SUPV III Strategic Sourcing.
LOCATION : BANGALORE.
BU : AEROSPACE DEFENCE & MARINE (INDUSTRIAL SOLUTION).
COMPANY:
TE Connectivity Ltd. is a $16 billion global technology and manufacturing leader creating a safer, sustainable, productive, and connected future.
For more than 75 years, our connectivity and sensor solutions, proven in the harshest environments, have enabled advancements in transportation, industrial applications, medical technology, energy, data communications, and the home.
With 80,000 employees, including more than 8,000 engineers, working alongside customers in approximately 140 countries, TE ensures that EVERY CONNECTION COUNTS.
Learn more at www.te.com.
BU / FUNCTION DESCRIPTION:
ROLE OBJECTIVE:
- The Sourcing analyst understands the business requirements, has broad knowledge of the sourcing, identifies vendors, builds strategic partnership.
- Use best practices & knowledge to improve business processes.
- Effective utilization of resources to meet the internal & external customer needs.
RESPONSIBILITIES:
- Develops and distributes RFPs/RFQs and obtains bids or information from vendors and evaluates the proposals/quotes.
- Identifies, evaluates, approves and qualifies vendors whose reliability and goods meet the requirements, standards and specifications set by TE, obtains quotes, examines bids and makes awards.
- Conducts competitive bidding, negotiation, contracting processing, identifies technical specifications, understand parts & commodities, brings in continuous improvements, collaborates across TE BUs and /or regions for optimal leverage, aligns strategy and execution with cross functional teams such as engineering, manufacturing, product management, quality and other functions.
- Develops and executes multi-year sourcing strategy for the commodities, identifies qualified / potential suppliers by evaluating product offerings / proposals.
- Negotiates contracts with shortlisted / selected suppliers to develop mutually acceptable contractual agreements, ensuring that all procurement activities comply with TE procurement policies and external regulations.
- Needs to track supplier performance and compliance with expectations or as per agreed terms.
- Analyse and evaluate external price trends and commodity costs.
- To reduce cost by alternative sourcing, ensuring long term agreements, securing discounts for volume purchases, recommends cost-saving proposals, make v/s buy decision.
- In-depth knowledge of electromechanical components and assemblies, test benches.
- Exhibit people management skills to develop and motivate direct reporting team and be a mentor to the team.
EDUCATION/KNOWLEDGE:
- BE/B.Tech (Electronic, Mechanical or any).
- Professional experience on Strategic sourcing.
- Excellent communication.
CRITICAL EXPERIENCE:
- 10+ years' experience in field of strategic sourcing & minimum 5 years in Electro mechanical components Sourcing.
- Technical knowledge of commodities such as connectors, back shells, wires & cables, machined and fabricated components, PCBA .
- Molding and Machining etc.
- Strong knowledge on SAP MM.
- Advanced skills with Microsoft Office, especially Excel and Power point.
COMPETENCIES:
- Strong financial acumen - to analyze and taken pricing decisions.
- Negotiation skills, technical know-how of harness commodities.
- Able to demonstrate initiative and ability to make decision.
- Strong analytical skills and ability to visualize and articulate the financial impact.
- Strong Data Analytics skills - Excel, SAP.
- Keen attention to detail and accuracy.
- Excellent written and spoken English skills.
- Good communication skills (written and verbal).
- Ability to determine priorities and take decisions.
- Building people capability: Training and mentoring with the necessary skill set.
MOTIVATIONAL/CULTURAL FIT:
- Customer centric approach.
- Self-driven and a team player.
- Desire to solve problems with analytical thinking.
- Negotiation & Convincing skills.
