Drive material cost reduction initiatives to achieve customer and business financial targets.
Monitor and manage PPV (Purchase Price Variance) performance. Analyze BOM costing and identify cost optimization opportunities. Develop and execute cost-down strategies through sourcing leverage, alternate suppliers, and commercial negotiations. Support annual budget planning and cost improvement commitments. Provide financial impact assessments for supply chain decisions and sourcing strategies. Serve as the primary customer interface for material cost management activities. Lead customer discussions regarding: PPV performance, Cost roadmaps, Alternative sourcing opportunities, Cost recovery activities, Supply chain improvement initiatives. Prepare executive-level customer presentations and business reviews. Drive alignment between customer expectations and supply chain execution strategies. Conduct supply chain risk assessments across key commodities and critical components. Monitor market conditions, supplier capacity, lead-time trends, geopolitical risks, and material shortages. Develop business continuity and risk mitigation strategies. Coordinate cross-functional recovery plans during supply disruptions. Support multisourcing and alternate component qualification initiatives. Support inventory reduction and working capital improvement programs. Coordinate SMI (Supplier Managed Inventory) and CRP (Continuous Replenishment Program) initiatives. Identify opportunities to improve inventory turns and reduce excess and obsolete inventory. Work closely with planning and procurement teams to optimize inventory strategies. Analyze inventory exposure and recommend corrective actions. Drive supplier business term optimization initiatives. Support negotiations related to: Payment terms, Pricing agreements, MOQ optimization, Lead-time improvement, Inventory liability reduction. Collaborate with commodity managers and sourcing teams to improve supplier performance and total cost of ownership. Develop supply chain performance dashboards and KPI tracking mechanisms. Analyze market trends, commodity cost drivers, and supply-demand dynamics. Generate insights and recommendations through data-driven analysis. Lead continuous improvement initiatives to improve supply chain efficiency and customer satisfaction.