Raw Materials Sourcing Specialist

7 hours ago

Nashik, Maharashtra, India beBeeProcurement Full time ₹ 80,00,000 - ₹ 1,20,00,000
Procurement Strategist

The procurement strategist is responsible for overseeing the acquisition of raw materials essential for production processes. This role involves developing procurement strategies, managing supplier relationships, ensuring cost-effectiveness, and maintaining quality and timely delivery of raw materials.

Key Responsibilities:

  • Review purchase requisitions and float RFQ as per plan received from planning team
  • Prepare comparative quote sheets, negotiate best prices and issue PO to L1 as per approval of AVP & VP Procurement
  • Follow procurement SOP
  • Ensure timely delivery of material (OTIF), diligence in follow-ups with suppliers, ensure timely payments, vendor reconciliations etc.

Procurement Strategy Development:

  • Develop and implement procurement strategies for raw materials to ensure cost-effectiveness and efficiency.
  • Analyze market trends and identify potential risks and opportunities in the raw materials market.

Supplier Management:

  • Identify, evaluate, and select suppliers based on quality, cost, and delivery capabilities.
  • Build and maintain strong relationships with suppliers and negotiate favourable terms and conditions.
  • Monitor supplier performance and address any issues or concerns promptly.

Cost Management:

  • Manage the procurement budget for raw materials 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 Management:

  • 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.

Compliance and Risk Management:

  • Ensure compliance with all relevant regulations, standards, and company policies.
  • Identify potential risks in the procurement process and develop mitigation strategies.

Qualifications:

  • Master's degree in supply chain management, Business Administration, or a related field. A professional certification (e.g., CPM, CPSM) is preferred.
  • 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.

Additional Skills:

  • Experience in the Pesticide industry is preferred
  • Understanding of regulatory requirements related to raw materials procurement.

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