Hiring for Vendor Management (1-3 Yrs) at Ludhiana

We are seeking a motivated Vendor Management professional with 1-3 years of experience and an M.Tech degree to join our team in Ludhiana. The ideal candidate will be responsible for managing and optimizing relationships with vendors to ensure the efficient procurement of industrial equipment and machinery components. This role requires a strong understanding of supply chain dynamics and excellent negotiation skills.

Key Responsibilities:

• Develop and implement vendor management strategies to align with company objectives.

• Evaluate and select new vendors based on predefined criteria, including quality, cost, delivery, and reliability.

• Negotiate contracts, pricing, and terms of service with vendors to achieve cost savings and favorable agreements.

• Monitor vendor performance against contractual obligations and establish performance improvement plans when necessary.

• Manage day-to-day vendor relationships, addressing issues and ensuring timely resolution.

• Conduct market research to identify potential new suppliers and stay abreast of industry trends.

• Ensure compliance with all relevant regulations and company policies in vendor interactions.

• Maintain accurate records of vendor information, contracts, and performance data.