Component and Sourcing Execution Improving supplier performance and reducing supplier and operational costs are vital clogs in the automotive industry. Whether it’s PO processing or working on a variety of spare parts management tactics, Genpact provides the following component and sourcing execution services: Vendor Relationship Management Provide analysis of vendor costs, delivery and quality performance and follow up activities. Sourcing Execution Services Creation and issuance of RFI/RFP/RFQ in clients’ sourcing system based on details received by internal departments, add suppliers to database, base price calculation and issue commitment letter. PO Processing Create price change request in sourcing system, create and release PO to approved vendor, manage follow up activities with vendors, settlement of unmatched PO, confirm cost reduction against budgets and coordinate with fixed assets. Expediting Liaison between requesting department and sourcing, create weekly reports on open orders, create variance reports and emergency parts co-ordination with vendors. Reporting Create various sourcing reports such as part-by-part report, summary sheet, base price adjustment sheet, best forecast file, Market fluctuation reports, Accrual, Expense & Capital reports diversity and minority reporting and run access queries. System Administration This involves Maintaining Purchasing database, which is essentially Supplier creation, Global code & user ID creation, interface errors management and other maintenance related activities. Spares Management Create spare-part catalogues, manage spare-part orders, procurement of spare parts (including recycled ones), management of spare-part logistics, invoicing and collections.