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Job Title: Senior Executive / Assistant Manager – Sourcing & Vendor Development (Fasteners) Department: Strategic Sourcing / Supply Chain Category: Fasteners Location: Rohtak or Gurugram Experience: 5+ Years Industry: Automotive (Tier-I Supplier / OEM Experience Mandatory) Notice Period: Immediate to 30 Days Company Overview: 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. About the Role We are seeking a highly skilled sourcing professional with strong expertise in automotive fasteners to manage supplier development, cost analysis, and procurement operations. The role involves working closely with engineering, quality, and production teams to ensure reliable supply, optimal cost, and consistent quality of fastener components. Key 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. Required Skills & Qualifications Bachelor's Degree / 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 (cold forging, heat treatment, surface coating, etc.) . 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.