Procurement Specialist

16 hours ago

Vijayawada, Andhra Pradesh, India beBeeProcurement Full time ₹ 75,00,000 - ₹ 1,50,00,000
About the Job Opportunity

We are seeking a strategic procurement specialist to lead our vendor and supply chain process for our fast-growing health supplements, cosmetics, food & nutraceuticals brand. You will be responsible for identifying reliable vendors, raw material suppliers, packaging vendors, and contract manufacturers across categories such as cosmetics, personal care, nutraceuticals, and FMCG.

Key Responsibilities
  • Vendor Identification & Development:
    • Research and onboard reliable vendors, conduct factory audits, background checks, and capability assessments.
  • Contract Manufacturing & Private Label Management:
    • Work with third-party manufacturers and private label partners to develop new products, ensuring compliance with formulations, packaging, quality standards, and regulatory norms.
  • Procurement & Negotiation:
    • Lead end-to-end procurement, including RFPs, RFQs, and tender processes. Negotiate pricing, credit terms, lead times, and minimum order quantities (MOQs) to drive cost optimization while maintaining consistent supply and vendor loyalty.
  • Regulatory & Quality Compliance:
    • Ensure all vendors meet regulatory certifications and quality standards (FSSAI, GMP, ISO, FDA, etc.). Liaise with internal QA/RA teams to manage documentation, product testing, and statutory compliance before marketplace listings.
  • Cross-functional Collaboration:
    • Partner with New Product Development (NPD), R&D, Quality, Operations, and Marketing teams to bring new SKUs from concept to commercialization. Align procurement timelines with product launch calendars and e-commerce go-live dates.
  • Supply Chain & Inventory Alignment:
    • Work with logistics and supply chain teams to ensure timely inbound delivery, warehousing, and outbound movement of raw materials, packaging, and finished goods. Minimize stockouts, excess inventory, and supply disruptions.
  • Vendor Relationship & Performance Management:
    • Maintain strong, long-term relationships with strategic vendors. Monitor vendor performance using KPIs (on-time delivery, cost competitiveness, quality, and compliance). Conduct quarterly business reviews and push for continuous improvement.
  • Cost Optimization & Benchmarking:
    • Continuously benchmark raw material and packaging costs across vendors. Identify alternate suppliers and innovative sourcing channels to reduce procurement costs without compromising quality or speed.
  • Risk Management & Containty Planning:
    • Develop backup vendor options and alternate sourcing strategies to reduce dependency and mitigate risks of supply disruptions, price fluctuations, or regulatory changes.
  • Market Intelligence & Innovation:
    • Stay updated with market trends, raw material innovations, packaging trends, and supplier ecosystems. Share insights with NPD/Marketing to develop differentiated, consumer-first products.

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