Sourcing & Costing Analyst (Purchase) - Automotive / Sheet Metal

2 weeks ago

Faridabad, Haryana, India HR Creations Full time ₹ 3,60,000 - ₹ 4,80,000 per year

Sourcing & Costing Analyst

Department: Purchase

Reporting To: Purchase Manager

Role Overview:

  • The Purchase Executive will be responsible for sourcing, negotiating, and procuring rawmaterials, machinery, and services required for sheet metal/automotive manufacturing operations.
  • The role requires strong analytical and cost estimation skills to support procurement decisions and ensure cost-effectiveness while maintaining quality and timely supply.

Key Responsibilities:

  • Source and procure raw materials, sheet metal components, consumables, and machinery as per production requirements.
  • Prepare detailed cost estimations for new and existing products, considering raw material, machinery, tooling, manpower, and overheads.
  • Create and maintain Cost Sheets for RFQs (Request for Quotation) to support commercial negotiations.
  • Interact and negotiate with customers and vendors for pricing, terms, and supply agreements.
  • Analyze and calculate Machine Hourly Rates (MHR) for accurate cost projections.
  • Maintain vendor relationships, evaluate suppliers, and ensure quality and timely delivery.
  • Support management in achieving cost reduction targets without compromising on quality.
  • Collaborate with Production, Quality, and Finance teams for procurement planning and approvals.
  • Ensure adherence to company policies, compliance, and documentation standards.
  • Keep updated with market trends, raw material price fluctuations, and industry developments relevant to automotive/sheet metal manufacturing.

Qualifications & Skills:

  • Graduate / Diploma in Mechanical / Industrial / Supply Chain or related field (preferred).
  • 2–5 years' experience in Purchase, preferably in Automotive, Sheet Metal, or Manufacturing industry.
  • Strong knowledge of costing, RFQs, and procurement processes.
  • Practical understanding of MHR (Machine Hourly Rate) calculations.
  • Excellent negotiation and vendor management skills.
  • Proficiency in MS Excel, ERP systems, and costing tools.
  • Strong analytical, communication, and problem-solving abilities.

Key Competencies:

  • Cost-conscious and detail-oriented.
  • Strong negotiation and networking ability.
  • Ability to work under pressure and meet deadlines.
  • Cross-functional collaboration and decision-making skills.

Job Type: Full-time

Pay: ₹40, ₹50,000.00 per month

Work Location: In person

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