
Strategic Procurement Specialist
2 days ago
Job Title: Sourcing Manager/Procurement Manager
About the Role:
We are seeking a skilled and ambitious sourcing/procurement professional to oversee the end-to-end vendor and supply chain process for our health supplements, cosmetics, food & nutraceuticals brand.
This role is ideal for someone who has worked with third-party manufacturers, contract manufacturers, or private label partners and understands how to balance quality, cost, and speed.
Key Responsibilities:
- Vendor Identification & Development: Conduct research, identify, and onboard reliable vendors, raw material suppliers, packaging vendors, and contract manufacturers (domestic and international) across categories such as cosmetics, personal care, nutraceuticals, and FMCG.
- Contract Manufacturing & Private Label Management: Collaborate 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, Ayush, 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 & Contingency 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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