Procurement Executive

4 weeks ago

india Careers International Full time
Job Description

Position Overview: The Procurement Executive in a Fast-Moving Consumer Goods (FMCG) company plays a critical role in sourcing, purchasing, and managing the supply of goods and services necessary for the company's operations. This position involves working closely with suppliers, negotiating contracts, monitoring inventory levels, and ensuring timely delivery of materials while maintaining cost efficiency and quality standards. The role requires strong analytical skills, negotiation abilities, and a deep understanding of procurement processes and supply chain management principles.

Key Responsibilities:

  • Supplier Management:

    • Identify and evaluate potential suppliers, conducting market research and supplier assessments to ensure reliability, quality, and cost-effectiveness.
    • Establish and maintain relationships with key suppliers, negotiating contracts, terms, and pricing agreements to secure favorable terms and conditions.
    • Monitor supplier performance, conduct regular supplier evaluations, and address any issues or concerns related to product quality, delivery, or service.

  • Purchase Planning and Execution:

    • Collaborate with internal stakeholders, including production, inventory, and sales teams, to develop procurement plans and forecasts based on business needs and demand projections.
    • Generate purchase orders, review purchase requisitions, and coordinate procurement activities to ensure timely acquisition of materials and supplies.
    • Monitor inventory levels, reorder points, and lead times to optimize stock levels and minimize stockouts or excess inventory.

  • Cost Management and Negotiation:

    • Analyze pricing trends, market conditions, and supplier offerings to identify opportunities for cost savings and efficiency improvements.
    • Negotiate pricing, terms, and payment conditions with suppliers to achieve cost reductions and maximize value for the company.
    • Implement cost control measures and monitor procurement budgets to ensure adherence to financial targets and objectives.

  • Quality Assurance and Compliance:

    • Ensure compliance with regulatory requirements, industry standards, and company policies related to procurement, including ethical sourcing practices and environmental sustainability.
    • Conduct quality inspections and audits of incoming materials and products to verify conformance to specifications and quality standards.
    • Address quality issues or non-compliance issues with suppliers and implement corrective actions as needed to maintain product integrity and customer satisfaction.

  • Supplier Development and Innovation:

    • Identify opportunities for supplier development and collaboration, working with suppliers to improve processes, product quality, and innovation.
    • Stay informed about industry trends, emerging technologies, and best practices in procurement and supply chain management, and incorporate relevant advancements into procurement strategies.

Qualifications and Skills:

  • Bachelor's degree in business administration, supply chain management, procurement, or a related field; additional certifications such as CIPS (Chartered Institute of Procurement & Supply) are advantageous.
  • Proven experience in procurement or supply chain management, preferably in the FMCG industry or a related sector.
  • Strong negotiation skills and the ability to build and maintain relationships with suppliers and internal stakeholders.
  • Excellent analytical and problem-solving abilities, with a data-driven approach to decision-making and process improvement.
  • Proficiency in procurement software systems, ERP systems, and Microsoft Office suite.
  • Knowledge of procurement best practices, supply chain principles, and industry regulations.
  • Excellent communication and interpersonal skills, with the ability to collaborate effectively in a cross-functional team environment.

Requirements
-Bachelor's degree in business administration, supply chain management, procurement, or a related field; additional certifications such as CIPS (Chartered Institute of Procurement & Supply) are advantageous. -Proven experience in procurement or supply chain management, preferably in the FMCG industry or a related sector. -Strong negotiation skills and the ability to build and maintain relationships with suppliers and internal stakeholders. -Excellent analytical and problem-solving abilities, with a data-driven approach to decision-making and process improvement.

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