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Purchase Specialist

Purchase Specialist

Capital Bolts & HardwaresRanchi, Jharkhand, India
16 hours ago
Job description

Vendor Sourcing & Assessment

Identify and qualify new vendors for raw materials (steel, alloy, plating chemicals),

packaging materials, tooling, and subcontracted processes like heat treatment and

surface coating.

Conduct supplier assessments focusing on quality systems, production capacity, and

cost efficiency.

Float inquiries, collect quotations, and perform comparative analysis.

2. Vendor On boarding & Audits

Manage vendor registration, documentation, and system entries in ERP.

Coordinate with quality team for technical evaluations and trial approvals.

Conduct audits to assess compliance with ISO, IATF, or customer-specific

requirements.

3. Cost Optimization & Negotiation

Negotiate prices and terms to ensure best value procurement aligned with the

company’s cost reduction goals.

Monitor market trends for raw material prices (steel grades, zinc, etc.) and advise on

strategic sourcing decisions.

4. Quality & Delivery Assurance

Work closely with QA and Production to resolve supplier quality issues like thread

tolerances, plating inconsistencies, or material rejections.

Track delivery timelines and follow up with vendors to ensure on-time supply for

production continuity.

5. Vendor Performance Monitoring

Maintain supplier performance data : quality rejections, lead times, delivery

adherence, and responsiveness.

Develop monthly vendor scorecards and drive continuous improvement initiatives.

6. Coordination & Reporting

Coordinate with design, planning, and stores departments to ensure procurement

aligns with production schedules and BOM changes.

Maintain documentation for audits, customer traceability, and certifications (ROHS,

MSDS, etc.).

7. New Product Development (NPD)

Collaborate with the design and sales teams to support the launch of new products.

Work closely with suppliers for sample development, technical trials, and validation

of new products.

Ensure all new product developments align with customer specifications, drawings,

and application requirements.

Coordinate first article inspections, PPAP, APQP, and FMEA documentation for new parts

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Purchase Specialist • Ranchi, Jharkhand, India

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