Product Development new product development npd electrical Vendor Development vendor Management purchase sourcing procurement
Experience
0 to 8 Years
Industry
Consumer Durables / Electronic Appliances / White Goods
Functional Area
Purchase / SCM
End Deliverables to achieve speedy product development to support quick product launches in the PPD BU.
Significance of this role is to:
In todays fast changing and market oriented environment where speed to market may dictate success & failure, On-time (and within budgeted cost) product development has become imperative to profitability and sustainability.
This role acts as SPOC (Single point of contact) and interfaces within organisation, co-ordinate and follows-up with internal and external stakeholders and ensures that products are developed within stipulated time & cost
Strategic Tactical Operational Development of strategies to achieve speedy product development of Components/Products Roll out of product development initiatives, program management of the entire drive, review of the progress Follow-up with Vendors, BUs, Marketing, Quality, Finance etc. and apprise management on progress at scheduled frequency Major Challenges Dealing with uncertainties of design features, volumes, specifications and quality parameters Working under aggressive timelines Managing multiple stakeholders within procurement, other functions & vendors to secure alignment & implementation in tight timelines Key Areas of Responsibilities: Schedule adherence (Speed to Market) of product launch target Maximise Q, C, D parameters while development of products Skills and Knowledge Must be an engineer in Electrical / Mechanical streams with a min experience of 3 years Must have worked in product development preferably electrical development. Must have knowledge of related commodities Experience in product development of mechanical, electrical, power, automotive components Ability to communicate with all levels and having strong problem solving skills Experience in areas such as product development, VA/VE, alternate source development, supplier development etc. Persons having worked as category buyer shall be preferred