Qualification: Bachelor's degree - Mechanical engineering and knowledge of Procurement processes

Location: BKC, Mumbai

Job Summary: An experienced personal in Vendor Development and Outsourcing, identification of new vendors for niche products and sub-assemblies for clients and is skilled in indigenization of foreign equipment and machinery. Should also have dealt with Foreign OEMs of machinery items and should understand the standards and technical specifications of foreign equipment.

Responsibilities :

- Review requirement for addition to vendor database for validity and accuracy

- Identify new vendors for meeting the required Product/sub-assembly and material supply requirements of Foreign OEM specifications

- Visit and assess vendors for technical competence, financial credibility, delivery reliability

- Prepare and implement sourcing strategy, negotiations, and performance management of existing vendors

- Study and Analyze RFP to identify specific sourcing issues, study OEM Specifications and understand the technical requirements in detail to translate to Indian vendor specifications

- Manage Vendor Risk and identify likely default in supply. Assist with development and execution of vendor risk management activities, sustaining vendor relationships

- Collaborate for renewals and changes to existing agreements, searching for new vendors, restructuring Vendor programme to suit dynamic environment

- Support vendor management reviews as required and provide periodic briefings to Higher Management on changes/performance against existing agreements with vendors

- Review Vendor Payments - Coordinate activities between Sourcing, Finance, and Vendors to ensure all invoices are raised & paid in accordance with contracts and monitoring cost management

- Budgeting & Forecasting - Prepare Cash Flow requirements and brief Higher Management of contract additions / terminations to enable accurate budget forecasting and compliance

Skill Set : 

- Understanding of Foreign Standards and specifications such as DIN, EN etc.

- Ability to work with multinational firms and seek technical clarifications on equipment

- Understanding of vendor development requirements and process

- Capability of vendor assessment and performance evaluation and budgeting concepts

- Understanding of quality standards and health & safety regulations, pollution norms

- Persuasive nature to follow up for timely delivery of quality products from Vendors

- Experience in reporting on Procurement metrics

- Ability to handle and work with MS Office and ERP software

- Outstanding communication ability, excellent organizational skills

- Ability to work in team/ independently and adapt to new processes and changes

- Decision-making skills and a results-driven approach

- Preferably should have worked with Foreign OEMs of machinery and equipment for sales or maintenance

- Understanding & Experience of ISO quality systems and standards

- Experience of Contract Management for Product Procurement

- Knowledge of various kinds of raw materials, engineering equipment and Indian Vendors for such goods

- General understanding of various technical QA Processes for equipment acceptance

- Prior history of multinational transactions would be an added advantage

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