Commodity Analyst

Job Category: Mechanical
Job Type: Full Time
Job Location: Bangalore
Job Position: 4
Relevant Experience:
  • 4+ to 10 years.

BE/B Tech. in Mechanical or Industrial Engineering

Industry/ Technology Background :

General Engineering

Software Skills:
MS Excel, MS PowerPoint,
VBA Macros and Application Development
MS Access Database
Detailed Job Description:
Responsible Market Trend and Pricing Analysis
Should develop basic understanding of assigned commodities, including but not limited to: current market conditions, key cost drivers, global supply base, and industry terminology
Responsible for maintaining spend cubes and taxonomy for all SKUs in Assigned categories.
Responsible for accurate reporting of metrics like Cost Savings, DPO, Consignment/ VMI, Supplier Score Cards and other analytics
Develop and implement sourcing strategy for assigned commodities and suppliers (Responsible for sourcing execution and supplier selection)
Evaluate suppliers on cost, quality, delivery, and other information to determine the viability of suppliers.
Forecast Financials on a monthly basis and identify, develop and execute projects for your assigned commodity(ies)
Provide direction for a team of data analysts and associates; oversee the work of the team to ensure its accuracy
Perform global sourcing read-across, leveraging and supporting the Global Strategic Sourcing Refresh and Global Commodity Management Analytics initiatives
Create additional savings opportunities, Free Cash Flow, and Productivity value through data analytics, structural cost reduction, and quick-wins opportunities identification.
Take initiative on developing processes for effective data analysis and reporting. Transform raw data into business insights. Produce understandable and actionable reports gathered from data, interpret data and report data findings.
Develop and manage the business relationship between Client and its Suppliers of the assigned commodity(ies)/suppliers, within our Global Strategic Sourcing organization (contract negotiations, supplier issue resolution, performance management, supplier cost reductions, purchase order creation, and management)
Maintaining dashboards for project Execution & Strategy Implementation Updates from Global Team for assigned commodities.
Responsible for Accurate Category Taxonomies.
Manage Preparation for Request for Quote (RFQ)/ competitive bidding process.
Support various internal stake holder’s needs (like Engineering & Technology, Product Development, Marketing, etc.) needs within assigned commodity(ies)
Keep up on data industry and raw materials trends.
Drive and influence the organization to take actions or create initiatives based on analytics output, beyond savings opportunities.
Experience in design, DFM, VA/VE, cost-out, or lean six sigma is required.
Certifications like CPIM, CPSM or similar ones are highly desirable.

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Master/PG     Bachelor/UG     Diploma
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