Assistant Manager PSM (Product Sourcing & Management)

Job Description

Assistant Manager PSM (Product Sourcing & Management)Job Code: ITC/AM-P/hidden_mobile0/11552 Position: Assistant Manager PSM Experience: 3-7 years CTC: 9,00,000 annually Location: Open to All Cities Industry: Automobiles & Components / Farm Machinery Position Type: Full-time Status: OpenAbout the RoleWe are seeking a highly driven and detail-oriented Assistant Manager PSM to support sourcing, costing, and new product development for farm implements within Mahindra Farm Machinery. This role plays a critical part in ensuring quality, cost competitiveness, supplier performance, and smooth product development cycles.The ideal candidate will have strong experience in supplier selection, NPD, costing, and cross-functional collaboration, with solid technical knowledge of fabricated, casted, forged, and machined components.Key Responsibilities
• Manage product sourcing and costing from external suppliers.
• Conduct product scouting, finalize specifications, and identify/select suppliers.
• Lead price settlements, quarterly cost reviews, and specification-based negotiations.
• Drive New Product Development (NPD) for full products and related parts.
• Ensure procurement deliverables related to quality, cost, and capacity.
• Plan and execute continuous improvement projects, including cost reduction and productivity enhancement.
• Lead and coordinate cross-functional team (CFT) meetings with Sales, Quality, Service, Product Management, and Testing.
• Conduct technical and commercial evaluations of potential suppliers.
• Manage commercial discussions and negotiations, and execute supplier legal agreements.
• Support suppliers in part development to meet QCD targets (Quality, Cost, Delivery).
• Collaborate on product testing and adhere to CMVR certification requirements.
• Maintain accurate data and processes using SAP and Excel.
• Communicate effectively with suppliers in Punjabi, Hindi, and English.
Qualifications
• B.Tech in Mechanical, Automobile, Production, or related engineering discipline.
• 3--7 years of experience in sourcing, NPD, costing, or procurement.
• Strong knowledge of sheet metal fabrication, casting, forging, machining, and hardware categories.
• Experience in SAP, costing methodologies, supplier development, and project management.
• Strong negotiation, analytical, and communication skills.
• Fluency in Punjabi, Hindi, and English is mandatory.
Why Join Us
• Opportunity to work with Indias leading farm machinery brand.
• High-impact role shaping product sourcing strategies and new product development.
• Collaborative, cross-functional work environment.
• Scope for innovation, cost optimization, and supplier excellence.
How to ApplySend your updated resume with Job Code: ITC/AM-P/hidden_mobile0/11552 mentioned in the subject line.

Keyskills :
new product developmentproduct sourcingpsmsettlementcosting budgeting