• Costing, Negotiation and Sourcing for New Model parts as per the costing targets and sourcing timelines. • Monitor development timelines and ensure development inline with New Model Trials planned at MSIL. Co-ordinate with different stakeholders within the company. • Working for cost reduction through various activities such as VA-VE; Yield improvement, inner parts localization, price negotiations and other such cost reduction ideas etc. • Procurement of parts in OE for different trials, initial mass production stage and procurement for initial phase of spares supplies. • MIS reporting activities, budget making and monitoring, vendor capacity assessment etc. • To support MSIL QA team in resolving quality issues, controlling defects during development • Rationalization of vendor layout on the basis of Business Over Time • Ensuring Business continuity plan with existing vendor base by achieving comprehensive excellence at vendors Competency Requirements: Technical/Functional: • Ability to understand technical and commercial requirements of various components. Should have good negotiating skills should be able to read drawings, understand various manufacturing processes/ Die Layouts etc. • Ability to effectively communicate specific requirements with suppliers and monitor the overall development process at supplier end. • Ability to analyze capacities • Ability to evaluate alternatives with Cost-benefit analysis • Strong execution orientation and problem solving approach Behavioral: • Objectivity, Excellent interpersonal skills, Communication & presentation skills, Achievement orientation, Team player, Networking skills, Ability to work in lean, multi-tasking environment, Handling projects independently.