Ferns N Petals - Head - Procurement (4-6 yrs)

Position: Head Procurement

Location: Gurgaon

Reporting to: CFO

Role Overview :

Ferns & Petals (FNP) is the leader and pioneer of the concept of gifting in India. Started in 1994 as a Flower Shop in Delhi, we have now over 350 outlets all over India, delivering happiness across 500+ cities. We also have an international presence in UAE, Singapore, Qatar, Kuwait, etc. with further plans of quick expansion.

The Head Procurement will play a crucial role in overseeing and optimizing our procurement operations within the fast-paced e-commerce environment. This position will report directly to the CFO and will be responsible for strategically managing the procurement function to ensure timely and cost-effective sourcing of goods and services.

KRA

1. Procurement Strategy

- Develop and execute a comprehensive procurement strategy aligned with the company's overall business objectives and growth plans.

2. Vendor Management

- Identify, evaluate, and negotiate with suppliers to secure advantageous terms and conditions.

- Ensure the highest quality of products and services through rigorous supplier evaluation.

3. Cost Optimization

- Continuously monitor and analyze procurement processes to identify cost-saving opportunities.

- Negotiate contracts and manage budgets effectively to drive financial efficiency.

4. Supplier Relationship Management

- Cultivate and maintain strong relationships with key suppliers.

- Address any issues proactively and explore opportunities for collaboration and continuous improvement.

5. Inventory Collaboration

- Work closely with inventory management teams to ensure optimal stock levels.

- Minimize carrying costs and prevent stockouts through effective planning and communication.

6. Compliance

- Ensure procurement activities adhere to relevant laws, regulations, and ethical standards.

- Incorporate sustainability and ethical sourcing practices into procurement processes.

7. Team Leadership

- Supervise and mentor a team of procurement professionals.

- Foster a culture of excellence, teamwork, and continuous improvement.

8. Risk Mitigation

- Develop and implement strategies to mitigate risks related to procurement, such as supply chain disruptions and market volatility.

9. Reporting

- Generate and present detailed reports on procurement performance, cost savings, and key performance indicators to senior management.

Desired Qualification & Experience

Educational Background:

Bachelor's degree in Business, Supply Chain Management, or a related field (Master's degree preferred).

Experience:

Proven experience in procurement or supply chain management, with a minimum of 8 years in a leadership role.

Core Skills:

- Strong negotiation, contract management, and vendor relationship management skills.

- In-depth knowledge of procurement best practices and industry trends.

- Excellent communication and interpersonal skills.

- Ability to analyze data, make data-driven decisions, and report on key metrics.

Leadership and Management:

Strong leadership and team management abilities.

Technical Proficiency:

Proficiency in procurement software and tools.