Costing/ Sourcing Engineer - Electric 2W Parts

About Raptee Energy

Raptee Energy is a full- stack electric motorcycle startup with a very strong technical moat, founded in 2019 by four engineers from Chennai (Ex Tesla, Wipro), working on bringing a no-compromise upgrade motorcycle to an otherwise scooter- only EV market. Raptee is incubated at CIIC & ARAI.

Job Summary

As a Sourcing Specialist, you will own a cost negotiation with suppliers according to Organization policies. You will ensure to achieve the best contractual conditions while also ensuring internal customer satisfaction.

Job Responsibilities

• Responsible for preparing zero-based costing for parts, products, sub-assemblies and assemblies for the complete vehicle Bill of Materials (BOM), including mechanical, electrical, and electronic components.
• Monitor, Control and reduce BOM cost & Tooling cost against the Org. Target cost throughout the Product development cycle by collaborating with stakeholders.
• Identify and initiate actions to meet the optimum parts, product, sub assembly cost by identifying the gap between supplier quotes and zero-based costing and thro’ data-driven negotiations with suppliers.
• Establish a comprehensive database of competitive benchmark costs for parts, sub-assemblies, and assemblies.
• Drive various cost reduction projects through idea generation events, benchmarking studies, teardown and competitor analysis.
• Evaluate and propose alternative vendors for resourcing to meet cost targets effectively.
• Take the lead in program budgeting during the development phase, working closely with various teams to conduct thorough due diligence on capex and opex budget requests, and conducting data-driven analysis to rationalize budgets.
• Prepare business cases for projects involving significant capex and opex expenditures, critically evaluating them against strategic and financial parameters such as NPV, IRR, and Payback period.
• Responsible for cost management by collaborating with relevant stakeholders to ensure accurate capture of all cost drivers influencing gross margin.
• Lead multiple VAVE projects, and executing the initiatives in a timely manner to support business goals and Profit Plan objectives
• Maintaining SAP attributes (price, pay terms, incoterms, lead-times, MoQs etc) for proper assignment of source rule to enable purchasing actions.
  
  

Requirements

• Possess hands-on experience in zero-based costing for Electric Vehicles.
• Have a strong knowledge of various Bill of Materials (BOMs) for vehicles.
• Demonstrate excellent negotiation skills with a strong financial acumen.
• Exhibit problem-solving and decision-making skills.
  
  

Benefits

• Opportunity to work in a fast-paced and dynamic environment.
• Opportunities for professional advancement as the company undergoes expansion.
• A culture that fosters collaboration and creativity within the team.
• Collaborate closely with seasoned experts in the field.
• Gaining an entry point into the field of automobile development.