We are seeking a motivated Vendor Development Executive with 2 to 4 years of experience in vendor management and development. The position is based in Tiruvallur, and the role requires working from the office.Key Responsibilities:- Identify Potential Vendors: Research and evaluate potential vendors to ensure they meet quality and cost requirements, helping to build a strong supply chain.- Negotiate Terms and Contracts: Facilitate negotiations with vendors regarding pricing, delivery, and contract terms to achieve favorable agreements.- Build Relationships: Maintain strong relationships with existing vendors to ensure ongoing cooperation and resolve any issues that may arise.- Monitor Vendor Performance: Regularly assess vendor performance based on quality, delivery schedules, and service levels to ensure compliance with company standards.- Conduct Market Research: Analyze market trends to identify new vendors and understand competitive pricing structures, keeping the procurement strategy current.- Collaborate with Internal Teams: Work closely with other departments such as purchasing, production, and logistics to coordinate vendor-related activities and support overall business objectives.Required Skills and Expectations:- A diploma in a relevant field is necessary, and candidates should have 2 to 4 years of hands-on experience in vendor development.- Strong negotiation skills are essential, along with the ability to communicate effectively and build rapport with vendors.- Candidates should be analytical, with the capability to assess vendor proposals critically and make data-driven decisions.- Proficiency in Microsoft Office applications and experience with vendor management software are required.- A proactive attitude and problem-solving mindset are important to excel in this role.