Strategic Sourcing Manager
1 month ago
As a Strategic Sourcing Manager at Kama Ayurveda Pvt. Ltd., you will be responsible for managing spend analysis for allocated categories, consolidating demand/requirements across business lines, and keeping abreast with supplier market trends and innovations.
Key Responsibilities:
- Develop strategic supplier base for assigned categories to create a sustainable competitive advantage for Kama Ayurveda.
- Work closely with R&D teams to identify and arrange raw materials for new product development.
- Define and implement category strategies (raw materials) in close alignment with the Procurement Head.
- Develop yearly negotiation calendar and conduct price discovery exercises.
- Execute sourcing processes, including sending RFI/RFQ, conducting auctions, leading price negotiations, and finalizing contracts.
- Utilize multiple sourcing levers (supplier costing, value engineering, consolidation, etc.) to extract maximum value (price, quality, and timeliness).
- Ensure TCO comparison for all purchases and update/maintain legal frame/rate contracts (contract management).
- Responsible for supplier management processes (qualification, selection, evaluation, development, classification).
- Conduct supplier evaluations to develop the best suppliers and ensure transparency.
- Support compliance with relevant legal obligations relating to the goods, services, or works to be purchased.
- Identify and execute cost improvement projects (CIP) to meet sourcing annual targets.
Requirements:
- Bachelor's/Master's degree with minimum 5 years of experience in a Procurement/strategic sourcing role(s), preferably in the skincare, beauty, personal care, or FMCG sector.
- Good understanding of strategic sourcing practices and experience in running e-rfx, e-auctions (preferable).
- Good understanding of supplier market landscape.
- Good knowledge of MS-Excel.
- Excellent written and verbal communication skills.
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