Lead - Vendor Development - Manufacturing Industry

Engineer/Lead - Vendor Development

Role Overview:

- As a Vendor Development Engineer, responsible for identifying, evaluating, and developing suppliers to ensure high-quality, cost-effective, and timely procurement of raw materials, components, and assemblies.

- The role involves supplier assessment, negotiations, quality assurance, and continuous improvement initiatives.

Key Responsibilities:

Vendor Identification & Onboarding:

- Source and qualify new Vendors for raw materials, Machined components, castings, sheet metal, and fabricated parts.

- Conduct audits and capability assessments of potential suppliers.

Cost Optimization & Negotiation:

- Negotiate pricing, payment terms, and contracts to achieve cost reduction.

- Analyze Vendor quotations and optimize Procurement costs.

Supplier Performance Management:

- Monitor Vendor KPIs (quality, delivery time, cost, service levels).

- Implement corrective actions for underperforming Vendors.

Technical Evaluation & Process Improvement:

- Work with design & production teams to improve supplier manufacturing processes.

- Identify and implement cost-effective manufacturing techniques.

Required Skills & Qualifications:

Experience: 3+ Years in Vendor Development, Procurement, or Supply Chain in Machinery, Heavy equipment, Manufacturing.

Skills:

- Strong negotiation & Vendor management skills.

- Knowledge of Machining, fabrication, casting, and sheet metal processes.

- Hands-on experience with ERP/SAP for procurement.

- Ability to interpret technical drawings and specifications.

- Generate Raw material list as per the BOM.

- Estimation and Costing of mechanical components for new components.

- Get the competitive Quotes from Vendor and finalize the price.

- Generates PO's for all sc items/and DCs.

- Ensure the on time delivery and quality.

- Reduce the sc cost-target minimum 5-10% for Existing components.

- Develop alternative Vendor for critical components (single source).

- Assess and audit the Vendor periodically and monitor the performance (Quality and delivery).

- Monitor Vendor raw material stock and update weekly.

- Co-ordinate QC for inspection. Stores/Accounts for Supplier payments.

- Update the project wise status daily basis to operations team.

- Should know manufacturing process, Machining like turning, milling, drilling etc cost estimation to cross check the process cost to validate the Vendor quotes.

- Should have good communications skills.