M/S Munjal Showa Pvt. Ltd. (Hero Group)
|Assistant Manager, Sourcing & Procurement
Gurgaon, Haryana, India
Summary
Led comprehensive NPD and NVD initiatives for shocker components across 2 and 4 wheelers, optimizing cost structures and ensuring supplier compliance for a leading automotive manufacturer.
Highlights
Achieved annual cost savings of ₹1.42 Cr by strategically transferring 120 tools and onboarding new suppliers across manufacturing locations.
Implemented a global sourcing strategy, generating ₹2.2 Cr in annual savings through optimized supplier selection for N35-3mm and 1.2 MM magnets.
Reduced Raw Material Cost (RMC) by 5% in ACLA, KWAG& KSTK Models, resulting in approximately ₹2.73 Cr in annual savings.
Finalized TOD & Volume discounts with vendors, securing an annual saving of ₹0.45 Cr through strategic negotiations.
Drove VA/VE initiatives, achieving ₹0.96 Cr in annual savings by transitioning complex machining processes to efficient extrusion methods.
Implemented SAP S/4HANA MM data validation, enhancing procurement accuracy and consistency while managing material master records across various views (Basic Data, Purchasing, MRP, Accounting).
Developed and onboarded new domestic and international vendors, conducting thorough assessments of infrastructure, technical capabilities, capacity, and financial stability.
Negotiated favorable terms and conditions with suppliers, optimizing pricing, lead time, MOQ, and payment terms, including reducing payment terms for MSME-compliant suppliers from 60 days to 45 and 30 days, saving ₹0.25 Cr annually.