New Vendor Development ( Sourcing ) professional

New Vendor Development (Sourcing )

Key Responsibilities

• Plan and execute procurement of raw materials, components, consumables, and services
• Identify reliable suppliers and negotiate pricing, delivery schedules, and payment terms
• Monitor and maintain optimum inventory levels in coordination with production planning
• Identify, evaluate, and develop new suppliers for localization and alternate sourcing
• Conduct supplier audits to evaluate capacity, quality systems, and compliance
• Build and maintain strong relationships with domestic and international suppliers
• Monitor vendor performance (Quality, Cost, and Delivery QCD) through structured reviews
• Support sourcing and development of new components in line with project timelines
• Coordinate with R&D, Quality, and Production teams for supplier development
• Ensure suppliers meet APQP/PPAP/IATF requirements for new projects
• Drive VA/VE initiatives and alternative sourcing for cost optimization
• Benchmark procurement costs and implement strategies for continuous savings
• Support localization initiatives to reduce dependency on imports
• Ensure adherence to ISO/IATF standards and company procurement policies
• Maintain accurate purchase orders, contracts, and supplier records
• Track and report key procurement KPIs to management

Skills & Competencies

• Knowledge of automobile components, supply chain, and vendor ecosystem.
• Strong negotiation, vendor management, and analytical skills.
• Understanding IATF 16949, ISO 9001, APQP/PPAP processes.
• Good communication, problem-solving, and project management skills.
• Proficiency in ERP/SAP and MS Office tools.

Qualifications & Experience

Education:

• B.E. B.Tech (Mechanical Automobile Production Industrial Engineering) or equivalent.
• MBA in Supply Chain Operations (preferred but not mandatory).

Experience:

• Assistant Manager: 6-8 years in purchase/vendor development (auto/auto ancillary).
• Manager: 8-12 years with at least 2-3 years in a leadership role.