Vendor Development Lead

As a Vendor Development and Strategic Sourcing Specialist, your primary focus is to ensure the timely development of raw materials, cost-effectiveness of sourcing strategies, supplier quality, and reliability, and the alignment of vendor capabilities with new business requirements. Your role involves developing strategic supplier partnerships to support the organization's objectives. In the area of Vendor Development, you will be responsible for identifying and onboarding new vendors capable of supplying raw materials essential for paper-based printed carton manufacturing. This includes materials such as paper board, kraft, film, foil, and liner kraft. You will work to ensure that all vendor activities are in line with the timelines and budgets set by the New Business Development team. Additionally, conducting thorough supplier assessments and audits will be crucial to guarantee quality, reliability, and compliance with industry standards. Your role also involves Strategic Sourcing, where you will develop and implement sourcing strategies that support new product launches and business expansion plans within the carton manufacturing sector. Negotiating contracts and agreements to secure favorable terms while maintaining strong supplier relationships will be a key aspect of this responsibility. Collaboration is essential in this role, as you will work closely with the New Business Development team to understand specific raw material requirements for upcoming projects. Effective communication with internal stakeholders, including Sales & Marketing, Design & Innovation, production, and quality assurance teams, will be necessary to ensure the seamless integration of new materials into the supply chain. Cost management is another critical area of focus, where you will analyze and manage costs associated with raw material development to align with budgetary constraints. Identifying opportunities for cost savings through strategic sourcing, supplier consolidation, and value engineering will be part of your responsibilities. Continuous improvement is a key driver in this role, as you will be expected to facilitate improvements in vendor performance through regular performance reviews, feedback, and corrective actions. Staying informed about market trends and emerging technologies that could benefit the company's vendor development strategy is vital to your success in this position.,