• Initiate and monitor cost reduction drive with the supplier for project-based and YoY to achieve cost reduction and be competitive in the market • Consistently create cost effective supplier base and overcome single supplier dependencies • BOM analysis for cost contributors and initiate cost reduction program • Timely working out the latest Product cost and sharing with the Deal desk for bid/quote to customers • Periodic updating of the product BOM cost for the latest parts cost and sharing reports with the Deal desk • Conduct period supplier audits and supplier rating • Measuring, Monitoring & Improving the suppliers' performance on Quality, Cost & Delivery • Identification, Evaluation and selection of cost-effective suppliers in line with the Tejas Sourcing process • Create a pool of cost-effective alternative suppliers for each part to bring the flexibility in terms of Cost, quality and delivery. • Get competitive quotations, compare technical specifications and commercials, negotiate and finalise the prospective suppliers' base. • Initiate the sample purchase, get samples from suppliers, and coordinate for sample evaluation and acceptance • Initiate and drive cost reduction program for YoY cost reduction and project-based cost reduction • Update the latest parts cost in the product BOM cost and share with the Deal desk on a regular Intervals • Analyse the BOM, identify the cost contributors and initiate the cost reduction program • Initiate and drive the Value Engineering process to bring down the cost • Conduct Periodic Suppliers Audits and supplier performance rating along with the quality team • Initiate and drive the quality system requirements (ISO9000/TL9000/ ISO14001/OHSAS 18000) for suppliers and maintain the records for Internal and external audits by customers’ / ISO certification auditors, • Ensure that the selected suppliers meet the quality system requirements (ISO9000/TL9000/ ISO14001/OHSAS 18000) • Ensure that the various Sourcing and BOM costing KPIs and parameters are achieved and continually improved • To train and develop the Sourcing & Procurement management team members to the required skills continuously • Experience : Min 15 to 20 years in Sourcing, BOM costing, and cost management domains in Electronics and Telecom • Education : BE – Electronics & telecommunications or Equivalent