Vendor Development Executive

Role & responsibilities

• Identify and develop new vendors as per company requirements.
• Search, evaluate, and shortlist potential suppliers based on quality, cost, capacity, delivery, and reliability.
• Conduct vendor visits and coordinate supplier assessments.
• Collect and evaluate vendor quotations and commercial terms.
• Negotiate prices, payment terms, lead time, MOQ, and other commercial conditions.
• Coordinate with Purchase, Quality, Production, R&D, and other departments for vendor requirements.
• Ensure vendors meet required quality standards and technical specifications.
• Follow up with vendors for timely delivery of materials and components.
• Monitor vendor performance regarding quality, cost, delivery, and service.
• Develop alternate and backup sources for critical materials.
• Support supplier quality improvement and corrective actions.
• Maintain vendor database, evaluation records, quotations, and development documents.
• Coordinate sample development, trial orders, and approval of new suppliers.
• Assist in cost reduction and localization initiatives.