Senior Executive/Assistant Manager – Sourcing & Vendor Development (Fasteners)

About the Company

CapGrid is a technology-driven manufacturing solutions company specializing in end-to-end sourcing, supplier management, and quality assurance for the automotive and industrial sectors. Leveraging a robust supplier network and digital platforms, CapGrid optimizes procurement efficiency and ensures high-quality component delivery to leading OEMs and Tier-I manufacturers.

Responsibilities

• Lead sourcing and vendor development activities for automotive fasteners (standard & special)
• Identify, evaluate, and onboard new suppliers based on quality, cost, and delivery parameters
• Conduct costing and cost benchmarking to ensure competitive procurement
• Manage supplier negotiations, price finalization, and long-term agreements
• Collaborate with design and production teams to support localization and new product development (NPD)
• Drive supplier audits, capability assessments, and continuous improvement initiatives
• Monitor supplier KPIs (QCD – Quality, Cost, Delivery) and ensure adherence to standards
• Handle procurement documentation, RFQs, and technical-commercial evaluations

Requirements

• Bachelor’s Degree or Diploma in Mechanical or Production Engineering
• Minimum 5 years of experience in Fasteners sourcing/vendor development within the automotive industry
• In-depth understanding of fastener manufacturing processes such as cold forging, heat treatment, and surface coating
• Strong skills in costing, negotiation, and supplier management
• Good knowledge of ERP systems, MS Excel, and cost estimation tools
• Excellent communication, analytical, and stakeholder management abilities