Millennium

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