Source, evaluate, and onboard new vendors to meet the organization’s material and service requirements.
Identify and evaluate materials based on technical specifications, industry standards, and organizational requirements.
Collaborate with R&D, production, and quality assurance teams to ensure materials meet required standards.
Conduct feasibility studies and cost-benefit analyses for material substitution or optimization.
Conduct vendor audits to ensure compliance with quality standards, delivery schedules, and other criteria for newly developed vendors.
Establish and cultivate solid relationships with suppliers in order to secure competitive pricing and favorable terms, ultimately transitioning them into regular vendors for bulk supplies.
Monitor industry trends and advancements to identify opportunities for innovation and cost savings.