The Purchase Manager will be responsible for sourcing and procuring materials in a cost-effective and efficient manner for FMCG raw materials, inventory, and contract manufacturing. This role involves managing the entire purchasing process, from requisition to delivery, ensuring timely supply of quality materials while building and maintaining strong vendor relationships.
Key Responsibilities:
1. Sourcing and Procurement:
Source products from reliable suppliers at cost-effective prices.
Ensure a diversified supplier base to prevent over-reliance on any single vendor, minimizing supply chain risk.
Develop and maintain strategic relationships with suppliers, ensuring competitive pricing and favorable payment terms.
2. Vendor Management and Evaluation:
Conduct thorough due diligence on new and existing vendors to verify their authenticity, reliability, and compliance with industry standards.
Regularly assess vendor performance based on quality, delivery timelines, and pricing competitiveness.
Develop a strong vendor pipeline by onboarding new suppliers while ensuring healthy competition.
3. Inventory and Consumption Management:
Monitor stock levels and consumption rates, ensuring materials are procured based on real-time data and future demand forecasts.
Optimize inventory levels to prevent overstocking or stockouts while maintaining production continuity.
Implement inventory management systems and tools for better forecasting and tracking.
4. Cost Optimization:
Negotiate prices, terms, and contracts with suppliers to obtain the most favorable deals without compromising on quality.
Implement cost-saving initiatives, such as bulk buying or long-term agreements, to reduce procurement costs.
5. Quality Assurance:
Ensure that all materials procured meet the quality standards required for production processes.
Work closely with the quality control team to address any issues related to material quality or compliance.
6. Team Leadership and Development:
Lead, train, and mentor the purchasing team to enhance their negotiation, sourcing, and procurement skills.
Foster a culture of honesty, dedication, and continuous improvement within the procurement department.
7. Compliance and Ethical Sourcing:
Ensure all purchases comply with environmental and safety regulations relevant to the FMCG industry.
Promote sustainable and ethical sourcing practices that align with company values and industry standards.
8. Contract Management:
Finalize service orders, labor contractor agreements, and terms in alignment with project and operational requirements.
Ensure proper documentation and adherence to legal and regulatory standards in all procurement activities.
9. Market Research and Trends:
Stay updated with market trends, commodity prices, and technological advancements in the FMCG sector.
Regularly evaluate and adopt innovative procurement practices or products to improve efficiency and reduce costs.
Requirements: Education:
Bachelors degree in Supply Chain Management, Business Administration, or a related field.
Experience:
Minimum of 5 years of experience in purchasing/procurement, preferably in the FMCG sector.
Skills:
Strong negotiation, communication, and vendor management skills.
Experience in handling inventory management systems.
Knowledge of procurement processes, supply chain management, and relevant market dynamics.
Excellent analytical and decision-making skills.
Key Competencies:
Strategic thinking with attention to detail.
Ability to work under pressure and manage multiple tasks.
Strong leadership skills and the ability to train and guide teams.
Perks and Benefits:
A competitive salary package aligned with your experience and performance.
Access to continuous training and development programs to enhance your skills and knowledge.
Opportunities to contribute to a growing and expanding company.
Inclusion in a dynamic company culture that values creativity and enthusiasm.
Career growth and development prospects.
Potential for performance-based bonuses and incentives.
Comprehensive health insurance and wellness programs.