Capgrid- AM/DM Vendor development/Sourcing ( Fastener )

Assistant Manager / Deputy Manager / Manager – Sourcing & Vendor Development (Fasteners)

Gurugram, Haryana – WFO

7–14 Years

We are looking for an experienced Sourcing / Vendor Development professional with strong expertise in the Fasteners category, particularly Screws, to drive end-to-end sourcing, supplier development and commercial activities.

The ideal candidate should have hands-on experience in Fasteners sourcing from an Automotive or Consumer Durables manufacturing environment.

Important: Candidates currently/previously working with Fasteners manufacturing companies are NOT eligible. The candidate must have experience sourcing Fasteners as a procurement/vendor-development professional from the user industry, preferably Automotive or Consumer Durables.

• Manage sourcing and procurement of Fasteners, especially Screws, for manufacturing requirements.
• Develop and execute sourcing strategies to achieve optimum Cost, Quality and Delivery (QCD).
• Identify alternate sources and drive localization/alternate vendor development.
• Understand technical specifications, drawings, grades, sizes, coatings and application requirements of fasteners.

• Identify, evaluate and develop new suppliers for fasteners.
• Conduct supplier capability assessments and coordinate supplier audits.
• Evaluate vendors based on quality, cost, capacity, technology and delivery capability.
• Develop new vendors to support NPD, localization and capacity requirements.
• Maintain and strengthen relationships with existing suppliers.

• Handle RFQ/RFP, quotation analysis and techno-commercial evaluation.
• Perform cost benchmarking and should-cost/cost-break-up analysis.
• Negotiate price, MOQ, payment terms, lead time and commercial agreements.
• Drive annual cost reduction, VA/VE and productivity initiatives.
• Benchmark supplier pricing against market conditions and alternate sources.

• Monitor supplier performance on:
  • Quality
  • Cost
  • Delivery
  • Responsiveness
  • Capacity
• Track supplier KPIs such as OTIF, rejection/PPM and lead time.
• Work with suppliers to resolve supply and quality issues.
• Drive corrective and preventive actions wherever required.

• Work closely with Engineering, Quality, Production, PPC, Stores and Finance teams.
• Support sourcing activities for New Product Development (NPD).
• Coordinate sample development, validation and supplier approvals.
• Support localization and alternate-source development.

• Manage RFQs, quotations, comparative statements, commercial evaluations and vendor documentation.
• Maintain supplier databases, price records and sourcing trackers.
• Use ERP/SAP and MS Excel for sourcing and procurement activities.

• 7–14 years of experience in Sourcing / Procurement / Vendor Development.
• Strong hands-on experience in Fasteners, with Screws as a major category.
• Must have sourced fasteners from an Automotive OR Consumer Durables manufacturing company.
• Strong experience in Vendor Development + Supplier Management.
• Strong costing and commercial negotiation skills.
• Experience in RFQ, quotation comparison, supplier evaluation and price negotiation.
• Good understanding of fastener specifications and applications.
• Should be comfortable working with Engineering/Quality/Production teams.
• Immediate to 30 days' notice period.
• Willing to work from Gurugram.

DO NOT SOURCE candidates from:

• Fastener manufacturing companies
• Screw manufacturing companies
• Bolt/Nut/Fastener manufacturers
• Fastener distributors/traders

Target candidates ONLY from:

• Automotive OEMs
• Automotive Tier-1 / Tier-2 suppliers
• Auto-component manufacturers
• Consumer Durables manufacturers

The candidate should have worked on the buying/sourcing side, rather than manufacturing fasteners themselves.

Best-fit profiles would be candidates who have handled Fasteners as a commodity/category while working in:

Automotive: Auto OEMs, Tier-1/Tier-2 suppliers, auto-component manufacturers, vehicle/component manufacturing.

Consumer Durables: Appliances, electrical/electronic consumer products, home appliances, HVAC, white goods, etc.

Relevant sourcing experience can include Screws, Bolts, Nuts, Washers, Rivets and other mechanical fastening components, with Screws being particularly important.

B.E./B.Tech – Mechanical / Production / Industrial Engineering preferred.

MBA/PG qualification in Supply Chain / Procurement / Operations would be an added advantage.