Senior Executive - Sourcing & Vendor Development

Roles & Responsibilities: • Source heavy fabrication Components and assemblies, precision machine components, and sheet metal parts. • Develop and manage suppliers for structural fabrication, heavy machining, industrial material handling & logistics equipment, and steel industry packaging systems. • Identify cost-effective sourcing strategies aligned with project timelines. • Conduct supplier capability assessment, audits, and qualification. Profile: Cost Estimation& Techno-Commercial Evaluation: • Prepare detailed cost estimation based on drawings, BOM, and specifications. • Estimate manufacturing cost including raw materials, machining operations, fabrication & welding processes, surface treatment, assembly, and logistics. • Perform should-cost analysis and benchmarking. • Analyze RFQs and prepare competitive quotations. • Support project costing activities. Vendor Development & Management: • Develop fabrication and machining vendors for heavy engineering equipment. • Negotiate pricing, delivery schedules, and commercial terms. • Drive continuous improvement initiatives for quality, cost, and delivery. • Establish long-term supplier partnerships. Technical Coordination • Work closely with Design Engineering, Production, Quality Assurance, and Project teams. • Interpret engineering drawings, fabrication tolerances, and machining requirements. • Resolve technical and commercial issues with vendors. Industry Application • In-plant logistics and material handling systems. • Steel coil/plate handling equipment. • Industrial packaging equipment for steel products. Cost Optimization & Process Improvement • Implement value engineering and cost reduction initiatives. • Improve sourcing efficiency and supplier performance. • Monitor market trends for steel, fabrication, and machining costs. Required Qualifications • Diploma / BE / B. Tech in Mechanical Engineering. • Strong experience in heavy fabrication and machining sourcing. • Ability to read engineering drawings and fabrication layouts. Experience • 6- 8 years in sourcing and Vendor development within heavy engineering, steel plant equipment manufacturing, material handling systems, and sheet metal & fabrication industries. Key Skills • Strategic sourcing • Vendor development • Cost estimation & budgeting • Heavy fabrication procurement • Machining process knowledge • Sheet metal manufacturing • Negotiation & contract management • Supply chain optimization • Techno-commercial analysis Preferred Industry Exposure • Steel plants & steel processing equipment • In-plant logistics equipment manufacturing • Industrial packaging equipment for steel industry • Heavy engineering EPC projects