The Purchase Manager will be responsible for sourcing and procuring materials in acost-effective and efficient manner for FMCG Raw Materials, Inventory & 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 vendorrelationships.
Key Responsibilities:
- 1. Sourcing and Procurement:
- Source of 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 pricingand 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 pricingcompetitiveness.
- Develop a strong vendor pipeline by onboarding new suppliers while ensuring healthycompetition.
- 3. Inventory and Consumption Management:
- Monitor stock levels and consumption rates, ensuring materials are procured based onreal-time data and future demand forecasts.
- Optimize inventory levels to prevent overstocking or stock outs while maintainingproduction 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 dealswithout compromising on quality.
- Implement cost-saving initiatives, such as bulk buying or long-term agreements, to reduceprocurement costs.
- 5. Quality Assurance:
- Ensure that all materials procured meet the quality standards required for productionprocesses.
- Work closely with the quality control team to address any issues related to materialquality or compliance.
- 6. Team Leadership and Development:
- Lead, train, and mentor the purchasing team to enhance their negotiation, sourcing, andprocurement skills.
- Foster a culture of honesty, dedication, and continuous improvement within theprocurement department.
- 7. Compliance and Ethical Sourcing:
- Ensure all purchases comply with environmental and safety regulations relevant to theFMCG industry.
- Promote sustainable and ethical sourcing practices that align with company values andindustry standards.
- 8. Contract Management:
- Finalize service orders, labor contractor agreements, and terms in alignment with projectand operational requirements.
- Ensure proper documentation and adherence to legal and regulatory standards in allprocurement activities.
- 9. Market Research and Trends:
- Stay updated with market trends, commodity prices, and technological advancements in FMCGsectors.
- Regularly evaluate and adopt innovative procurement practices or products to improveefficiency and reduce costs.
Requirements:
- Bachelor’s degree in Supply Chain Management, Business Administration, or a relatedfield.
- 5+ years of experience in purchasing/procurement, preferably in the FMCG sector.
- Strong negotiation, communication, and vendor management skills.
- Experience in handling inventory management systems.
- Knowledge of procurement processes, supply chain management, and relevant marketdynamics.
- Excellent analytical and decision-making skills.
- 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 andknowledge.
- 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.