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Job Purpose: The Vendor Development Manager is responsible for building a reliable, cost effective, and high quality supplier ecosystem to support organizational production, quality, and growth goals. The role ensures continuous development of new vendors, enhances performance of existing suppliers, and drives improvements in quality, delivery, cost, and compliance. By enabling smooth proto development, reducing supply chain risks, and ensuring strict adherence to SOPs and audit requirements, the Vendor Development Manager strengthens supply continuity, operational efficiency, and long term strategic sourcing capability. Key Result Areas/Accountabilities: Key Result Areas/Accountabilities Supporting Actions Vendor DevelopmentDevelop and onboard 1 new vendor/fabricator every quarterComplete vendor onboarding within 3045 days of identificationEnsure capability evaluation, technical approvals, and documentation readiness Vendor Performance ManagementAchieve 95% On Time Delivery (OTD) across active vendorsDrive 35% annual cost savings through negotiations, VA/VE, and alternate sourcingMaintain vendor audit performance at an 80+ score for all key vendors Quality PerformanceMaintain vendor defect rate Ensure vendor rejection rate < 1% per annum. Drive corrective and preventive actions (CAPA) implementation with root cause closure Proto DevelopmentEnsure 95% on time proto delivery for all NPD/engineering requirementsMaintain proto rework rate at Strengthen vendor readiness for prototypes through early engagement and feasibility reviews Supply Chain EnablementMaintain zero stockouts for critical and single source items. Achieve 10% reduction in lead time through vendor collaboration, inventory strategies, and process optimization. Compliance & GovernanceEnsure 100% adherence to SOPs, documentation, and procurement compliance. Close all non conformities (NCs) within 30 days of identification. Maintain complete audit readiness for vendor and internal processes. Safety, Health & Environmental Compliance at vendor placeEnforce strict adherence to safety protocols and regulatory requirements (e.g., fire safety, pollution control)Conduct regular safety audits, risk assessments, and emergency drillsPromote a zero-incident culture and ensure all employees at vendors work are trained in safety practices Cross-Functional CollaborationMaintain strong coordination with design, sales, finance and customer service teamsEnsure alignment of vendors operations with customer expectations and business objectivesFacilitate smooth communication and issue resolution across departments .
Fund System Support AssociateIQ-EQ · IQEQ Hyderabad, Tower 2, 7th floor, Phoenix Equinox Towers, Diamond Hills, RSM, Gachibowli, Hyderaba, Telengana, India