Raw Material Purchase- Executive

7 months ago

Mumbai, India Cheryl Laboratories Private Limited Full time

**Key Responsibilities: Raw material purchase**
- Supplier Identification and Management:

- Identify and evaluate potential suppliers of raw materials based on quality, cost, reliability, and delivery capabilities.
- Build and maintain strong relationships with suppliers, negotiating favourable terms and conditions to optimize procurement costs.
- Conduct regular supplier evaluations to monitor performance and address any issues or concerns.
- Procurement and Contract Negotiation:

- Develop and implement procurement strategies to ensure a reliable supply of raw materials at competitive prices.
- Prepare and issue purchase orders, ensuring accuracy of specifications, quantities, and delivery schedules.
- Negotiate contracts and agreements with suppliers to secure favorable terms, pricing, and payment conditions.
- Inventory Management:

- Monitor and analyze inventory levels of raw materials to ensure availability for production while minimizing excess stock and cost.
- Collaborate with production and planning teams to forecast material requirements and maintain optimal inventory levels.
- Implement inventory control measures, such as reorder points, safety stock levels, and inventory reconciliation.
- Quality Control and Compliance:

- Collaborate with the quality control team to ensure that raw materials meet the required specifications and regulatory standards.
- Conduct regular quality audits of suppliers and implement corrective actions when necessary.
- Stay updated with industry trends, regulations, and compliance requirements related to raw material procurement.
- Data Analysis and Reporting:

- Collect, analyze, and interpret data related to supplier performance, market trends, and pricing to support informed decision-making.
- Prepare reports and presentations on procurement activities, cost savings, and inventory management for management review.

**Requirements**:

- Bachelor's degree in Supply Chain Management, Business Administration, or a related field.
- Proven experience in raw material procurement, preferably in the cosmetics or personal care industry.
- Strong negotiation skills and ability to build and maintain relationships with suppliers.
- Excellent analytical and problem-solving abilities.
- Knowledge of inventory management principles and techniques.
- Familiarity with quality control standards and regulatory requirements in the cosmetics industry.
- Effective communication and interpersonal skills.
- Detail-oriented and organized, with the ability to handle multiple priorities.

**KPI’s for Raw material purchase executive**
- Cost Savings: Formula: (Total Cost of Raw Materials Purchased - Target Cost of Raw Materials Purchased) / Total Cost of Raw Materials Purchased
- Supplier Performance: Formula: (Number of On-time Deliveries / Total Number of Deliveries)
- 100
- Inventory Turnover: Formula: Cost of Goods Sold / Average Inventory Value
- Purchase Order Accuracy: Formula: (Number of Accurate Purchase Orders / Total Number of Purchase Orders)
- 100
- Supplier Quality: Formula: (Number of Non-Conforming Raw Materials / Total Number of Raw Materials Received)
- 100
- Lead Time Variance: Formula: (Actual Lead Time - Planned Lead Time) / Planned Lead Time
- Raw Material Cost Variance: Formula: (Actual Raw Material Cost - Standard Raw Material Cost) / Standard Raw Material Cost
- Supplier Relationship Strength: Formula: Average Supplier Performance Rating (on a scale of 1-10)
- Contract Compliance: Formula: (Number of Contracts Compliant with Terms / Total Number of Contracts)
- 100
- Procurement Cycle Time: Formula: (Total Time taken for Procurement / Total Number of Procurement Cycles)

**KPI’s for Packaging Purchase**
- Packaging Cost Savings: Formula: (Total Packaging Cost - Target Packaging Cost) / Total Packaging Cost
- Supplier Performance: Formula: (Number of On-time Packaging Deliveries / Total Number of Packaging Deliveries)
- 100
- Packaging Waste Reduction: Formula: (Total Packaging Waste - Target Packaging Waste) / Total Packaging Waste
- Packaging Quality: Formula: (Number of Non-Conforming Packaging Materials / Total Number of Packaging Materials Received)
- 100
- Packaging Material Utilization: Formula: (Total Packaging Material Used / Total Packaging Material Purchased)
- 100
- Packaging Cycle Time: Formula: Total Time taken for Packaging / Total Number of Packaging Cycles
- Supplier Relationship Strength: Formula: Average Supplier Performance Rating (on a scale of 1-10)
- Cost of Packaging per Unit: Formula: Total Packaging Cost / Total Number of Units Packaged
- Packaging Efficiency: Formula: (Number of Units Packaged / Total Packaging Time)
- 100
- Packaging Compliance: Formula: (Number of Packaging Compliance Issues / Total Number of Packaging Inspections)
- 100

**Job Types**: Full-time, Permanent

**Salary**: Up to ₹30,000.00 per month

**Benefits**:

- Provident Fund

Schedule:

- Day shift
- Fixed shift

**Education**:

- Bachelor's (preferred)

**Experi

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