Head - Vendor Development

Role & responsibilities:

Strategic Sourcing & Purchasing:

- Develop- and implement sourcing strategies to align with business needs and objectives.

- Analyze market trends to make informed purchasing decisions. Identify potential suppliers and products to meet company requirements.

Supplier Evaluation & Selection:

- Identify, evaluate, and select suppliers based on their quality, cost, reliability, and delivery capabilities.

- Conduct thorough assessments of suppliers to ensure they meet company standards and requirements. Establish criteria for supplier evaluation and maintain a preferred supplier list.

New Parts & Product Development:

- Collaborate with the engineering and R&D teams to- develop- new parts and products.

- Ensure suppliers are capable of meeting design and production requirements. Manage timelines and deliverables for new product introductions.-

Cost Management:

- Manage costing for parts and tooling to ensure budget adherence.

- Implement cost-saving measures without compromising quality. Handle commodity and forex agreements to mitigate financial risks.

Price Settlement:

- Conduct periodic and ad hoc price negotiations with suppliers.

- Benchmark prices to ensure competitiveness. Ensure transparent and fair pricing agreements.

Compliance Audits:

- Conduct regular audits to ensure suppliers comply with company standards and industry regulations.

- Develop and enforce compliance policies. Address and resolve any non-compliance issues.

Opportunity Assessment:

- Identify and assess new sourcing opportunities to enhance the supply chain. Analyze potential benefits and risks of new opportunities. Recommend strategic actions based on opportunity assessments.

RFx Management:

- Manage the processes for Request for Information (RFI), Request for Proposal (RFP), and Request for Quotation (RFQ). Ensure clear and comprehensive RFx documents are created and distributed.

- Evaluate responses and make recommendations based on findings.

Vendor Development:

- Build and maintain strong relationships with vendors to ensure long-term collaboration.

- Develop vendors to improve their capabilities and performance. Address and resolve- vendor- issues promptly.

Negotiations:

- Lead negotiations with suppliers to secure favorable terms and conditions.

- Develop negotiation strategies to achieve the best possible outcomes. Ensure all agreements are documented and adhered to.

Team Management & Leadership:

- Lead, build, and mentor the- vendor development- team.

Strategic Supplier Relationship Management:

- Skills in identifying, developing, and managing key strategic supplier relationships, emphasizing the importance of supplier collaboration and performance management.

Key Performance Indicators (KPIs):

- Ability to define and monitor performance indicators for daily production, indicating a data-driven approach to tracking supply chain performance.