Procurement Specialist

6 days ago

Chennai, Tamil Nadu, India Mindsprint Full time

Job Summary:

We are seeking a proactive and experienced Tactical Procurement professional to support our Procurement team in New Product Development (NPD) initiatives. The ideal candidate will be responsible for managing all procurement-related activities for new products, from the initial feasibility stage through to the first commercial production run. This role requires close collaboration with cross-functional teams, effective vendor management, and strong analytical skills to ensure timely and cost-effective sourcing of materials and components for innovative new products.

Job Description:

Project Management & Coordination

  • Participate in daily and weekly NPD meetings to track progress of each product in development
  • Track progress of projects and take necessary procurement actions based on project status and timelines
  • Manage multiple NPD projects simultaneously, maintaining clear documentation and communication
  • Support project transitions from development to commercial production
  • Coordinate with cross-functional teams to ensure procurement activities align with project timelines

Sourcing and Vendor Management:

  • Gather detailed product specifications, demand forecasts, and MOQ requirements after stage gate reviews
  • Identify and contact appropriate vendors to gather quotes, pricing, and commercial terms
  • Conduct secondary research to identify new potential vendors when needed
  • Build and maintain vendor relationships through effective networking and communication
  • Coordinate with vendors for sample production, trial orders, and commercial production

Cost Analysis & Quotation Management:

  • Analyse vendor quotations to dissect cost elements and understand detailed cost structures.
  • Provide regular cost analysis reports to support decision-making during development
  • Understand the cost drivers for key commodities and components relevant to packaging products.
  • Submit vendor pricing and cost breakdowns to internal teams for product cost buildup.

Sample & Trial Coordination:

  • Coordinate sample sharing between vendors and internal teams for evaluation and approval
  • Support trial production runs by ensuring materials availability and vendor coordination
  • Troubleshoot any procurement-related issues during trial and initial commercial production

Profile Description:

Required Qualifications

  • Experience in procurement, preferably in a product development environment
  • Bachelors or Master's degree in any discipline; specialization in Supply Chain Management, Engineering, Food & Agribusiness, or relevant areas is desirable
  • Excellent communication skills (both written and verbal) in English and interpersonal abilities
  • Proficiency in MS Office suite (especially Excel and PowerPoint) and experience with SAP
  • Strong analytical and problem-solving skills with ability to manage multiple projects simultaneously
  • Experience working with cross-functional teams and managing multiple stakeholders
  • Strong organizational skills with a proven track record of multitasking across complex projects

Desired Skills & Attributes

  • Knowledge in packaging products and materials
  • Ability to work in US shift hours
  • Flexibility with work duties and scope
  • Detail-oriented with excellent organizational skills
  • Self-motivated with ability to work under pressure and meet deadlines
  • Experience in cost analysis and breakdown

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