Key Responsibilities:
Identify, evaluate, and develop potential vendors based on cost, quality, delivery, and reliability criteria.
Negotiate terms and pricing with suppliers to ensure competitive rates and favorable terms.
Conduct vendor audits and performance evaluations regularly.
Work closely with production, quality, and logistics teams to align vendor capabilities with business needs.
Maintain updated vendor database and documentation, including contracts, certifications, and assessments.
Ensure compliance with regulatory and company standards in all vendor dealings.
Develop and implement strategies for vendor consolidation, cost reduction, and risk mitigation.
Monitor market trends and stay updated on new supplier options or material sources.
Resolve supplier issues and disputes in a timely and effective manner.
Collaborate on new product development to identify the right suppliers for prototypes or mass production.