Procurement Specialist

Mindsprint; Chennai District; On-site; INR 1,800,000 - 3,000,000; Full time

Job summary

Mindsprint is seeking an Individual Contributor or Team Lead to manage Procurement Operations, Strategic Sourcing and Vendor Management in Food & Agribusiness / FMCG sectors. Role covers LC processing, SRM, reporting and dashboarding, with international supplier coordination.

7–9 years of procurement experience preferred, with 2–4 years leading small to mid-size teams. Candidate will drive continuous improvements, SLA adherence and end-to-end VLC, while coordinating with Banks, VRMs and

Qualifications

• LC scrutiny and negotiation with banks
• Run periodic reports on shipments/orders/Sales/Purchase and update customers
• Design and track dashboards for quality, productivity and effectiveness
• Coordinate with vendors for product readiness and SRM
• Ensure adherence to SLAs and drive process improvements
• Support VRMs on supplier related activities (trainings, etc.)
• Lead supplier performance evaluation, rating and monitoring
• Monitor SLA performance and on-time delivery
• Drive cost productivity and knowledge transfer

Responsibilities

• Letter of Credit processing including at sight and usance conditions
• Provide updates on shipments and orders to customers and address queries
• Develop dashboards to monitor quality and efficiency
• Coordinate with suppliers for readiness and SRM activities
• Maintain SLAs and drive continuous improvements
• Assist VRMs with supplier activities and trainings
• Evaluate supplier performance and implement improvements
• Monitor on-time delivery and cost productivity
• Transfer knowledge to incumbents and team members

Job description

An Individual Contributor or Team Lead role with following major accountabilities:

• Shipping & Logistics: Letters of credit (At sight, Usance), BFC, CAD, TT- Payment Process; Imports/Exports Documentation (Sea & Air Freight); Shipment
• Procurement Operations - Tactical Procurement, Vendor Management, Order Processing, Contract Management; Inventory Management, MRP, Procure to
• End to End Procurement Process in MM Module in SAP

Job Description:

• Letter of Credit scrutinizing, negotiation & coordination with Banks. Process LC’s as per Payment conditions (At sight, Deferred / Usance)
• Run periodic reports (Shipment or Order progress status/Sales/Purchase/ etc) and update to Customer. Coordinate with Customer for query/resolution pertaining to shipments/documents/delivery schedules
• Design and track dashboards for quality, productivity, and effectiveness
• Coordinate with vendor for Product readiness/ Shipment readiness; SRM.
• Effective communication of issues across the stakeholders. Provide inputs to Managers for periodic updates to internal and external stakeholders. Ensure adherence to SLAs; Drive continuous improvements within the processes transitioned to increase efficiency continuously
• Support Vendor Relationship Managers (VRMs) on various supplier related activities e.g. Mandatory Trainings and elevate whenever needed; Ensuring
• Supplier Evaluation, Rating & Monitoring: Lead measuring supplier performance, root cause analysis and driving improved performance. Own all aspects of supplier performance (cost, quality, delivery)
• Service Level Agreement (SLA) performance: Continuously measure, manage, and improve supplier actual performance against negotiated SLA. Continuous
• On-time delivery: Measure, report, and action to improve service and delivery performance
• Ongoing cost productivity: Measure, report, and action cost productivity as a function of market pricing
• Knowledge Transfer- Train, induct and work closely with the incumbents at various levels to deliver the targets

Manage & optimize Inventory at Origins– Inventory Models (ROP), JIT & VMI,

Ongoing Operations - end to end Vendor Life Cycle Management (VLC) &

Profile Description:

• 7-9 years of relevant experience in Procurement Operations, Strategic Sourcing & Vendor Management, in Food & Agribusiness, FMCG and similar related Industries preferably
• A minimum of 2-4 of relevant experience; managing small to mid-sized Teams
• Good exposure to Strategic Sourcing & Procurement Operations, Vendor Management
• Exposure to Import Export - Shipping & Logistics, Shipment Execution, Shipment Documentation Handling, Vendor Coordination. Experience in dealing with International Suppliers and Shipping line/Freight forwarders
• Experience handling multiple stakeholders.

Shipment monitoring, tracking and reporting to Origins/ Business Units