Purchase Specialist

12 hours ago

Ludhiana, India Capital Bolts & Hardwares Full time

Vendor Sourcing & Assessment Identify and qualify new vendors for raw materials (steel, alloy, plating chemicals),packaging materials, tooling, and subcontracted processes like heat treatment andsurface coating. Conduct supplier assessments focusing on quality systems, production capacity, andcost efficiency. Float inquiries, collect quotations, and perform comparative analysis.2. Vendor On boarding & Audits Manage vendor registration, documentation, and system entries in ERP. Coordinate with quality team for technical evaluations and trial approvals. Conduct audits to assess compliance with ISO, IATF, or customer-specificrequirements.3. Cost Optimization & Negotiation Negotiate prices and terms to ensure best value procurement aligned with thecompany’s cost reduction goals. Monitor market trends for raw material prices (steel grades, zinc, etc.) and advise onstrategic sourcing decisions.4. Quality & Delivery Assurance Work closely with QA and Production to resolve supplier quality issues like threadtolerances, plating inconsistencies, or material rejections. Track delivery timelines and follow up with vendors to ensure on-time supply forproduction continuity.5. Vendor Performance Monitoring Maintain supplier performance data: quality rejections, lead times, deliveryadherence, and responsiveness. Develop monthly vendor scorecards and drive continuous improvement initiatives.6. Coordination & Reporting Coordinate with design, planning, and stores departments to ensure procurementaligns with production schedules and BOM changes. Maintain documentation for audits, customer traceability, and certifications (ROHS,MSDS, etc.).7. New Product Development (NPD) Collaborate with the design and sales teams to support the launch of new products. Work closely with suppliers for sample development, technical trials, and validationof new products. Ensure all new product developments align with customer specifications, drawings,and application requirements. Coordinate first article inspections, PPAP, APQP, and FMEA documentation for new parts

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