VENDOR DEVELOPMENT MANAGER  
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Job ID MS_VM
Position VENDOR DEVELOPMENT MANAGER
Division Marine & Shipbuilding
Location Mumbai
Desired Candidate Profile
  • Understanding of Mechanical engineering equipment and knowledge of suppliers of such items
  • Understanding of Foreign Standards and specifications such as DIN, EN etc
  • Ability to work with multinational firms and seek technical clarifications on equipment
  • Capability of vendor assessment and performance evaluation and budgeting concepts
  • Experience in reporting on Procurement metrics
Roles and Responsibilities
  • Identify new vendors for meeting the required Product/sub-assembly and material supply requirements of Foreign OEM specifications
  • Prepare and implement sourcing strategy, negotiations, and performance management of existing vendors
  • Study and Analyse RFP to identify specific sourcing issues, study OEM Specifications and understand the technical requirements in detail to translate to Indian vendor specifications
  • Manage Vendor Risk and identify likely default in supply. Assist with development and execution of vendor risk management activities, sustaining vendor relationships
  • Review Vendor Payments - Coordinate activities between Sourcing, Finance, and Vendors to ensure all invoices are raised & paid in accordance with contracts and monitoring cost management
  • Budgeting & Forecasting Prepare Cash Flow requirements and brief Higher Management of contract additions / terminations to enable accurate budget forecasting and compliance

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