
Procurement Specialist
6 days ago
Job Description:
- New Product Development: RFQ Preparation
- Supplier Identification
- Quotation Analysis
- Should Costing
- Negotiation with Suppliers
- Supplier Agreement Sign-off
- PPAP (Production Part Approval Process)
- BOM (Bill of Materials) Finalization with Engineering Team, including should-cost evaluation of each part.
- Monitor price trend analysis of commodity pricing and conduct cost negotiations with suppliers.
Responsibilities include managing vendors, identifying supplier/vendor risk, evaluating & rating QCD performance, preparing vendor improvement plans, driving value analysis/engineering, cost reduction initiatives, vendor consolidation, and spend analysis. Additionally, lead new vendor development, set yearly targets for cost reduction, vendor consolidation, smooth program launches, localization content improvement, and supplier relationship management. Handle tool cost settlement through amortization/recovery methods and formulate tooling contract agreements. Implement cost reductions based on productivity improvements, rejection control, business assurance, and 'share of business' frameworks, benchmarking, and cost walk over time.
Key Skills & Qualifications:
- Strategic Sourcing
- Vendor Management
- Negotiation
- Cost Reduction
- Value Engineering
- ERP-SAP-MM Module utilization
Benefits:
We offer a dynamic work environment, opportunities for professional growth, and a competitive compensation package.
Others:
The ideal candidate will possess excellent communication, problem-solving, and analytical skills, with the ability to work effectively in a team environment. Strong knowledge of procurement processes, negotiation techniques, and strategic sourcing methodologies is essential. Familiarity with ERP systems and data analysis tools is also preferred.
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