
Raw Materials Acquisition Specialist
3 days ago
The Procurement Specialist for Raw Materials plays a crucial role in overseeing the acquisition of essential raw materials required for production processes.
This position involves developing procurement strategies, managing supplier relationships, ensuring cost-effectiveness, and maintaining quality and timely delivery of raw materials.
Key Responsibilities:
- Procurement Management:
- Review purchase requisitions and float RFQs as per plan received from the planning team.
- Prepare comparative quote sheets, negotiate best prices, and issue POs to L1 as per approval of AVP & VP Procurement.
- Ensure timely delivery of material (OTIF), diligence in follow-ups with suppliers, and ensure timely payments.
- Strategic Procurement:
- Develop and implement procurement strategies for raw materials to ensure cost-effectiveness and efficiency.
- Monitor market trends and identify potential risks and opportunities in the raw materials market.
- Supplier Partnerships:
- Identify, evaluate, and select suppliers based on quality, cost, and delivery capabilities.
- Build and maintain strong relationships with suppliers and negotiate favorable terms and conditions.
- Monitor supplier performance and address any issues or concerns promptly.
- Cost Optimization:
- Manage the procurement budget and ensure compliance with financial targets.
- Implement cost-saving initiatives and continuously seek opportunities to reduce procurement costs.
- Quality Assurance:
- Ensure that all raw materials procured meet the required quality standards and specifications.
- Collaborate with the Quality Assurance team to address any quality issues and implement corrective actions.
- Inventory Control:
- Work closely with the Inventory Management team to ensure optimal stock levels of raw materials.
- Implement inventory control measures to minimize wastage and reduce excess stock.
- Risk Management:
- Ensure compliance with all relevant regulations, standards, and company policies.
- Identify potential risks in the procurement process and develop mitigation strategies.
Requirements:
- Master's degree in supply chain management, business administration, or a related field.
- Minimum of 5 years of experience in procurement, with a focus on raw materials.
- Strong knowledge of procurement principles, practices, and strategies.
- Excellent negotiation and communication skills.
- Proven ability to manage supplier relationships and build strong partnerships.
- Strong analytical and problem-solving skills.
- Proficiency in procurement software and tools. SAP knowledge is a must.
- Ability to work in a fast-paced environment and manage multiple priorities.
Preferred Skills:
- Experience in the pesticide industry.
- Understanding of regulatory requirements related to raw materials procurement.
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