Varun Beverages Limited/RJ Corp

1 day ago

Gurugram, India Varun Beverages Limited Full time

Company Name: Varun Beverages Ltd Function: Procurement Role: Risks & Controls Role Level: M06/M07 Reports To: Manager Level: About Us: VBL is part of the RJ Corp group, a diversified business conglomerate with interests in beverages, quick-service restaurants, ice-creams, and healthcare. VBL is one of the largest franchisee of PepsiCo in the world (outside USA); with over 3 decades of association with PepsiCo. In India, VBL is a key player in the beverage industry in India with presence in 27 states & 7 union territories. Our overseas operations span across Indian subcontinent (Nepal & Sri-Lanka) and Africa. Purpose of the role:Responsible for driving cost optimization, ensuring robust controls, and managing risks within the procurement function. This role is important in aligning procurement activities with the company's strategic goals and ensuring compliance with regulatory standards. This role will lead initiatives to enhance efficiency, mitigate risks, and deliver sustainable cost savings, all while maintaining the highest levels of quality and service. Key Deliverables:Control and Compliance: - Establish and implement procurement policies and procedures to ensure compliance with corporate standards and regulatory requirements. - Implement and monitor internal controls to safeguard the organization against risks such as fraud, waste, and non-compliance. - Conduct regular audits of procurement processes to ensure adherence to established protocols and identify areas for improvement. - Ensure the procurement process is efficient, transparent, and compliant with internal policies and external regulations. Cost Optimization: - Develop and implement procurement strategies that deliver significant cost savings while maintaining quality and service levels. - Analyze spend data and market trends to identify opportunities for cost reduction. - Negotiate contracts with suppliers to ensure the best possible terms and conditions, focusing on cost-effective sourcing. Budget Management: - Manage the procurement budget effectively, ensuring alignment with company financial objectives. - Monitor and report on procurement performance against budget, identifying variances and implementing corrective actions as needed. - Collaborate with finance and operations teams to forecast procurement needs and budgetary requirements. Risk Management: - Identify, assess, and manage risks within the procurement function, including transport risks, market volatility, and geopolitical factors. - Develop and implement risk mitigation strategies to ensure business continuity and safeguard against potential disruptions. Innovation and Continuous Improvement: - Drive innovation in procurement processes, exploring new tools, technologies, and practices that can enhance efficiency and cost-effectiveness. - Lead continuous improvement initiatives within the procurement function to optimize processes and achieve best-in-class procurement performance. - Leverage technology and data analytics to enhance sourcing strategies and decision-making processes. Role Requirements Qualification: CA/ Masters degree in Finance Experience: - 8-10 Years of experience - Experience in handling Audits - Experience in Manufacturing / FMCG industry will be a plus (ref:iimjobs.com)

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