Vendor Management

Key Responsibilities

1. Vendor Identification & Sourcing

• Identify new vendors through market research, industry networks, trade fairs, and online platforms.

• Analyze potential suppliers based on capability, capacity, cost, quality, and reliability.

• Maintain a database of qualified and approved vendors.

2. Vendor Evaluation & Onboarding

• Conduct supplier audits, capability assessments, and site visits.

• Verify vendor credentials, certifications, compliance, and financial stability.

• Initiate vendor registration processes and ensure proper documentation.

3. Price Negotiation & Cost Optimization

• Negotiate pricing, credit terms, payment cycles, and supply agreements.

• Continuously work with vendors to achieve cost reductions without compromising quality.

• Conduct comparative analysis and benchmarking.

4. Quality Assurance & Performance Monitoring

• Coordinate with the quality team to set quality standards and specifications.

• Monitor vendor performance using KPIs: on-time delivery, rejection rates, price competitiveness, responsiveness, etc.

• Handle vendor-related quality issues and drive corrective action plans.

5. Supply Chain & Delivery Management

• Ensure timely supply of materials/components as per production requirements.

• Work with vendors to improve lead times and minimize supply risks.

• Develop alternative sources to avoid dependency on single suppliers.

6. Contract & Relationship Management

• Draft and manage supply agreements, NDAs, and SLA documents.

• Maintain healthy long-term relationships with key suppliers.

• Facilitate periodic vendor review meetings.

7. Compliance & Documentation

• Ensure vendors comply with company policies, statutory requirements, and industry standards.

• Maintain accurate documentation—vendor files, agreements, performance reports.

• It is a Full Time Warehouse / Logistics job for candidates with 1 - 5 years of experience.