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Procurement Manager/Sourcing Manager
3 weeks ago
Procurement Strategist
We are seeking a Procurement Strategist to lead our sourcing and procurement efforts for health supplements, cosmetics, food & nutraceuticals.
About the Role:
This is an exciting opportunity to join our fast-growing company as a Procurement Strategist. You will be responsible for developing and executing end-to-end procurement strategies, managing vendor relationships, and driving cost optimization while ensuring compliance with regulatory requirements.
Your Key Responsibilities:
- Vendor Identification & Development: Research, identify, and onboard reliable vendors, raw material suppliers, packaging vendors, and contract manufacturers across categories such as cosmetics, personal care, nutraceuticals, and FMCG.
- 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, 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.
Requirements:
- 4–10 years of experience in sourcing/procurement/vendor management in FMCG, cosmetics, nutrition, personal care, or consumer goods industries.
- Proven track record in negotiating with third-party manufacturers, private label suppliers, and raw material vendors.
- Strong knowledge of procurement processes, supply chain operations, and vendor compliance.
- Exposure to certifications/regulatory requirements (FSSAI, GMP, ISO, FDA, etc.) is a plus.
- Strong commercial acumen, analytical mindset, and relationship management skills.
- Ability to work cross-functionally with NPD, quality, operations, and e-commerce teams.
Why Join Us?
- Opportunity to shape sourcing and procurement strategy for a high-growth health supplements, cosmetics, food & nutraceuticals brand.
- End-to-end ownership from vendor discovery to marketplace launch.
- Exposure to innovative product categories, premium formulations, and global supply partners.
- A fast-paced, entrepreneurial environment where your decisions directly impact business growth.