Purchase Specialist

21 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 and surface coating.  Conduct supplier assessments focusing on quality systems, production capacity, and cost 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-specific requirements. 3. Cost Optimization & Negotiation  Negotiate prices and terms to ensure best value procurement aligned with the company’s cost reduction goals.  Monitor market trends for raw material prices (steel grades, zinc, etc.) and advise on strategic sourcing decisions. 4. Quality & Delivery Assurance  Work closely with QA and Production to resolve supplier quality issues like thread tolerances, plating inconsistencies, or material rejections.  Track delivery timelines and follow up with vendors to ensure on-time supply for production continuity. 5. Vendor Performance Monitoring  Maintain supplier performance data: quality rejections, lead times, delivery adherence, and responsiveness.  Develop monthly vendor scorecards and drive continuous improvement initiatives. 6. Coordination & Reporting  Coordinate with design, planning, and stores departments to ensure procurement aligns 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 validation of 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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