Buying Analyst
Cummins India Limited · Hosur · onsite · Posted 66d ago
Not disclosedFresherfulltimeSourced from
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About this role
Job Summary
The Strategic Sourcing / Procurement Specialist supports sourcing, localization, supplier management, commercial negotiations, and cost optimization activities for Cummins products. The role is responsible for analyzing supplier quotations, conducting should-cost and benchmarking analysis, developing sourcing strategies, managing supplier agreements, and identifying cost reduction opportunities while ensuring quality, delivery, compliance, and long-term supplier relationships.
Key Responsibilities
Job Purchasing
Organization Cummins Inc.
Role Category On-site with Flexibility
Job Type Exempt - Experienced
ReqID 2434410
Relocation Package Yes
100% On-Site No
The Strategic Sourcing / Procurement Specialist supports sourcing, localization, supplier management, commercial negotiations, and cost optimization activities for Cummins products. The role is responsible for analyzing supplier quotations, conducting should-cost and benchmarking analysis, developing sourcing strategies, managing supplier agreements, and identifying cost reduction opportunities while ensuring quality, delivery, compliance, and long-term supplier relationships.
Key Responsibilities
- Manage supplier agreements, including Non-Disclosure Agreements (NDAs), purchasing agreements, and other commercial contracts.
- Lead sourcing and localization programs, ensuring timely execution and achievement of project milestones.
- Develop and evaluate should-cost models for castings, forgings, machined components, sheet metal, brake components, and proprietary parts.
- Prepare and evaluate tooling cost estimates for new product development and localization projects.
- Conduct raw material cost trend analysis, RM indexing, price benchmarking, and commercial analysis to support supplier negotiations.
- Lead commercial negotiations with suppliers and drive successful cost settlements while maintaining strong supplier relationships.
- Prepare and issue RFQs and evaluate supplier quotations using Total Cost of Ownership (TCO) and technical-commercial analysis.
- Analyze and benchmark BOM costs for complete vehicles, aggregates, and sub-systems to identify cost optimization opportunities.
- Identify and implement Value Analysis/Value Engineering (VA/VE) and cost reduction initiatives across commodities.
- Develop sourcing strategies, assess supplier capabilities, and support supplier selection and development.
- Monitor manufacturing technologies, cost drivers, market trends, and industry developments across commodities such as gears, castings, forgings, sheet metal, brake components, bearings, rubber, and seals.
- Manage procurement transactions and reporting using ERP systems such as SAP MM, JD Edwards, or Oracle .
- Ensure compliance with procurement policies, procedures, ethical sourcing practices, and applicable commercial requirements.
- Collaborate with Engineering, Quality, Manufacturing, Finance, Supply Chain, and Program Management teams to achieve sourcing and project objectives.
- Analyze sourcing data and market intelligence to identify process improvement and cost reduction opportunities.
- Maintain appropriate supplier, legal, and compliance documentation in applicable systems.
- Support supplier onboarding, vendor management, and procurement process improvement initiatives.
- Bachelor's degree in Engineering, Supply Chain Management, Procurement, Business Administration, or a related field.
- A degree or specialization in Supply Chain, Procurement, Manufacturing, or related discipline is preferred.
- Additional qualifications in strategic sourcing, cost engineering, or supply chain management will be an advantage.
- Relevant experience in strategic sourcing, procurement, commodity management, cost engineering, or supplier management .
- Hands-on experience in should-cost analysis and cost estimation for manufacturing processes such as castings, forgings, machining, sheet metal, brake components, or proprietary parts.
- Strong understanding of manufacturing processes, tooling costs, raw material cost drivers, and supplier economics.
- Experience in RFQ management, supplier quotation analysis, cost benchmarking, and commercial negotiations.
- Knowledge of VA/VE, cost reduction, localization, and sourcing strategy development .
- Working knowledge of SAP MM, JD Edwards, Oracle , or similar ERP/procurement systems.
- Strong analytical and data interpretation skills with the ability to use cost and market data for business decisions.
- Understanding of Total Cost of Ownership (TCO) principles and supplier evaluation methodologies.
- Strong financial acumen and understanding of procurement cost structures.
- Excellent negotiation, communication, stakeholder management, and conflict-resolution skills.
- Ability to build effective relationships with suppliers and cross-functional teams.
- Strong project/program management skills with the ability to manage multiple priorities and deliver against timelines.
- High level of integrity and understanding of procurement ethics, policies, and compliance requirements.
Job Purchasing
Organization Cummins Inc.
Role Category On-site with Flexibility
Job Type Exempt - Experienced
ReqID 2434410
Relocation Package Yes
100% On-Site No
Sourced from foundit
Skills
Data InterpretationCost EstimationStrategic Sourcingsupplier managementlocalizationcost engineeringRfq ManagementJD EdwardsCommercial NegotiationsFinancial AcumenOracle DBCommodity ManagementTotal Cost of OwnershipShould-cost analysisVAVE Cost reductionSourcing Strategy DevelopmentSAP MMcost benchmarkingProcurementSupplier Quotation Analysis
About Cummins
Cummins India Limited
Industrial Machinery
3.1k+
employees
1919
107 years old
Pune, Maharashtra
India
₹7.7L PA avg
Avg at Cummins
About
Cummins Inc., a global power solutions leader, comprises five business segments – Components, Engine, Distribution, Power Systems and Accelera by Cummins – supported by our global manufacturing and extensive service and support network, skilled workforce and vast technological expertise.Cummins is committed to its Destination Zero strategy, which is grounded in the company’s commitment to sustainability and helping its customers successfully navigate the energy transition with its broad portfolio of products. The products range from advanced diesel, natural gas, electric and hybrid powertrains and powertrain-related components including filtration, aftertreatment, turbochargers, fuel systems, valvetrain technologies, controls systems, air handling systems, automated transmissions, axles, drivelines, brakes, suspension systems, electric power generation systems, batteries, electrified power systems, hydrogen production technologies and fuel cell products.Headquartered in Columbus, Indiana (U.S.), since its founding in 1919, Cummins employs approximately 75,500 people committed to powering a more prosperous world through three global corporate responsibility priorities critical to healthy communities: education, environment and equality of opportunity.Cummins serves its customers online, through a network of company-owned and independent distributor locations, and through thousands of dealer locations worldwide and earned about $735 million on sales of $34.1 billion in 2023.
Industries
Industrial MachineryAutomobileManufacturingPower
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