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Packaging Materials - Procurement Executive
2-8 years
Gurgaon / Gurugram
1 vacancy
Packaging Materials - Procurement Executive
The Ayurveda Co
posted 18d ago
Job Role Insights
Flexible timing
Key skills for the job
Job Description
1. Strategic Sourcing and Supplier Management:
Develop and implement a procurement strategy aligned with the companys goals and objectives.
Identify and evaluate potential suppliers, negotiate contracts, and establish favourable terms and conditions.
Maintain strong relationships with suppliers, ensuring quality, reliability, and cost-effectiveness.
2. Procurement Process and Systems:
Establish and optimize procurement processes, including requisition, purchase order creation, and inventory management.
Implement and utilize procurement systems to streamline operations and improve efficiency.
Ensure compliance with relevant laws, regulations, and ethical standards in procurement practice.
3. Supplier Relationship Management:
Collaborate with cross-functional teams to understand business requirements and establish procurement needs.
Work closely with suppliers to monitor performance, resolve issues, and implement continuous improvement initiatives.
Conduct supplier evaluations and audits to assess capabilities, quality, and adherence to sustainability standards.
4. Cost Management and Budgeting:
Analyse market trends and conduct cost-benefit analysis to identify cost-saving opportunities.
Manage and control procurement budgets, ensuring optimal utilization and adherence to financial targets.
Implement strategies to reduce costs, improve efficiency, and drive overall procurement value.
5. Quality Assurance and Compliance:
Establish and enforce quality assurance protocols to ensure products meet defined standards.
Collaborate with internal teams and suppliers to resolve quality-related issues and implement corrective actions.
Ensure compliance with relevant regulatory requirements, certifications, and industry standards.
6. Supply Chain Risk Management:
Identify and assess potential risks in the supply chain, developing mitigation strategies and contingency
plans.
Monitor market conditions and external factors that may impact the supply chain, taking proactive measures to minimize disruptions.
Collaborate with internal stakeholders to implement sustainable sourcing practices and reduce environmental impact.
7. Reporting and Analytics:
Generate procurement reports and provide regular updates on key performance indicators (KPIs).
Analyze procurement data to identify trends, risks, and opportunities for process improvement.
Provide insights and recommendations to senior management for informed decision-making.
8. Sales Forecasting Segmentation:
Validate sales forecasting segmentation and make suitable corrections.
9. Demand Forecasting:
Create a base forecast based on statistical sales data and market intelligence.
Develop consensus forecast with sales & marketing team and upload it in the system.
Monitor key performance indicators such as fill rate, minimum order quantity (MOQ), and lead time to optimize inventory management and supply chain efficiency.
Stay informed about industry trends and best practices in procurement and supply chain management, and drive innovation in procurement processes and strategies.
Develop and maintain strong relationships with suppliers to ensure timely delivery of goods and services and to manage vendor performance.
Negotiate contracts and terms with suppliers to secure favourable pricing, credit terms, and service agreements.
Qualifications:
Bachelor s degree in supply chain management, Business Administration, or a related field. Additional
certifications in procurement or supply chain management are a plus.
2-8 Years of experience in procurement, preferably within the beauty, wellness or FMCG industry
In-depth knowledge of procurement principles, practices and market trends.
Strong negotiation, contract management and supplier relationship management skills.
Proficiency in procurement software and systems
Excellent analytical and problem-solving abilities
Demonstrated ability to work in a fast-paced, dynamic startup environment
Employment Type: Full Time, Permanent
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based on 25 employees
Flexible timing
Monday to Saturday
No travel
Day Shift
The Ayurveda Co Benefits
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