Chief Procurement Strategist

Job Summary:The role of Head of Sourcing and Development involves leading the entire supplier ecosystem for electric traction motors and their controllers. This position requires developing a robust vendor base with quality, cost competitiveness, and supply reliability across all business units.Main Responsibilities:Strategic Vendor Development:Develop sourcing strategies to ensure availability of quality parts at optimal cost.Identify and onboard suppliers for key components.Pursue cost reduction initiatives to reduce import dependency and total cost of ownership.Supplier Relationship and Performance Management:Maintain long-term strategic supplier relationships.Conduct regular audits, performance reviews, and capability assessments.Ensure compliance with quality standards.Cost Optimization and Negotiations:Drive cost reduction through value engineering, process improvements, and supplier consolidation.Negotiate contracts and terms for key parts and assemblies.Analyze market trends and implement best sourcing practices.New Product Development Support:Collaborate with R&D, Engineering, and Production teams to source components for new models.Ensure early supplier involvement in design and prototyping phases.Develop alternate sourcing strategies to mitigate risks during new product development.Systems, Processes, and Reporting:Implement digital tools for supplier evaluation, cost tracking, and performance management.Define and monitor departmental KPIs.Report progress and challenges to senior management with data-backed insights.