Hiring Now || Vendor Development @ Metoda, Rajkot

Role & responsibilities

• Research external market information and entrepreneurial companies to identify potential sources and suppliers.
• Drive supplier selection through robust qualification processes.
• Communicate efficiently throughout procurement and directly with customers/suppliers’ management.
• Assess new and existing supplier capabilities to meet product, cost, quality, capacity and fulfillment ensuring suppliers are able to meet requirements for performance, quality, cost and delivery of components and requirements for ISO 9001, API Spec Q1, ISO 14001, ISO 45001 and other applicable customer and internal system and reputation requirements.
• Travelling, as and when required for vendor development.
• Track the supplier’s performance indicators, based on their scorecards and rankings, to facilitate and develop the supply base’s ability to consistently meet or exceed defined expectations.
• Carry out new supplier validation audits, with supplier support and supplier Advanced Product Quality Planning (APQP).
• Work with Engineering (Design and Manufacturing Engineers) team to define process parameters and criteria to ensure supplier process capability is effective to meet product and process requirements.
• Achieve goals within budget.
• Minimum 3 vendors to be appointed for each item.
• Vendor to be developed by considering the 90-120 days credit limit.
• Ensure the organization has a robust cost estimating process in place to meet production/project requirements and in line with quality standards.
• Support continuous improvement through cost engineering techniques and processes, identifying inefficiencies and cost optimization opportunities.
• Review, analyze and understand economic trends and consider risks and cost implications.
• Represent sourcing costing on specific projects and co-ordinate tasks.
• Interact with senior management, as needed on price negotiation, approval of any cost changes.
• Provide data analysis to senior management in order to facilitate price negotiation on final costs.
• Report on achievement of targets and identify any actions required.
• Work in conjunction with and engage with internal and external stakeholders to facilitate and implement cost engineering activities in the business.
• Support supplier meetings and negotiations to challenge quotation prices and aim for cost reductions to meet target costs.
• Work closely with the Purchasing team to ensure purchasing strategies are maximized.
• To carry out detailed vendor evaluation once in a year.

Preferred candidate profile

Perks and benefits