Deputy Manager / Manager – Strategic Sourcing & Costing

About the job

Job Summary: We are seeking a result-driven professional to lead Strategic Sourcing and Costing activities, focusing on supplier development, cost optimization, and data-driven decision-making. The role involves strong expertise in should-costing, supplier negotiations, cost analytics, and strategic procurement, especially within the manufacturing / CV industry. Key Responsibility: • Perform should-cost analysis, zero-based costing, and cost modeling for components and assemblies • Lead machine hour rate calculations and cycle time estimation for accurate cost buildup • Conduct price benchmarking and comparative analysis across suppliers and regions • Drive material cost reduction initiatives using data analytics and cost breakdowns • Identify, evaluate, and onboard suppliers through onsite assessments and capability analysis • Drive supplier selection and development aligned with quality, cost, and delivery targets • Build strategic partnerships with critical suppliers and diversify supply base to mitigate risks • Develop and execute long-term sourcing strategies for cost competitiveness • Lead structured negotiations for part and tooling costs with suppliers • Finalize commercial agreements, contracts, and pricing frameworks • Ensure long-term cost savings through effective negotiation strategies • Monitor market trends, raw material prices, and supplier cost drivers • Conduct supplier audits, performance evaluations, and development programs • Establish long-term commercial contracts and improve supplier engagement • Collaborate with suppliers for cost reduction, localization, and value engineering initiatives • Work closely with R&D, Production, Quality, and Finance teams for cost optimization • Support new product sourcing (NPD) with competitive costing and supplier alignment • Ensure alignment between sourcing strategy and organizational goals • Utilize ERP systems (SAP / Oracle / Microsoft Dynamics) for procurement and costing activities • Drive process improvements and digital procurement initiatives • Ensure compliance with procurement policies and audit requirements. Required Skills & Competencies: • Strong expertise in Strategic Sourcing, Vendor Development, and Costing • Hands-on experience in Zero-based costing, Should-costing & Cost modeling • In-depth knowledge of machine hour rate calculation & cycle time estimation • Proven experience in supplier negotiations and cost settlements • Strong analytical skills with focus on data-driven cost reduction • Excellent communication, negotiation, and stakeholder management skills • Experience in supplier audits, development, and long-term contracting • Proficiency in ERP systems (SAP / Oracle / Microsoft Dynamics) • Exposure to Power BI / analytics tools is an added advantage. Experience: • 6–12 years of experience in Strategic Sourcing / Costing / Procurement. • Preferred background from OEMs / Tier-1 suppliers, especially in Commercial Vehicle (CV) industry.

Requirements

• Strategic Sourcing
• Vendor Development
• Costing
• Data Analytics
• Negotiation

Preferred Technologies

• Strategic Sourcing
• Vendor Development
• Costing
• Data Analytics
• Negotiation

About the company

Propel Industries is focused on Strategic Sourcing and Costing activities, particularly within the manufacturing and Commercial Vehicle (CV) sectors, aiming to optimize costs and enhance supplier development.