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Packaging Materials- Procurement Exec

3 weeks ago

Gurugram Haryana, India The Ayurveda Co. Full time

Gurugram

**Company Profile**:
**Know T.A.C.**

The Ayurveda Co. (T.A.C) is a thriving, direct-to-consumer startup that translates the ancient wisdom of

Ayurveda into the language of the young and dynamic India - the millennials and Gen Z. We offer a broad

range of Ayurvedic beauty and wellness products, crafted especially to resonate with the lifestyle of today's

youth. T.A.C has a robust omnichannel presence in India and caters to an international customer base too.

**Click below to know more about us**:
Shreedha Singh is now an angel investor on JIO Cinemas Indian Angels

How D2C Brand the Ayurveda Co. Grew Its Customer Base 10X In Just 2 Years

The Ayurveda Company: D2C brand T.A.C eyes profitability by Diwali’24; invests in R&D, warehousing, ET Retail

"Husband-wife duo founders of Khadi Essentials share entrepreneurial mindset".

"This Startup is Bringing Ayurveda to Millennials and Gen Z"

"VC fund Sixth Sense Ventures leads Rs 100 crore Series A round in The Ayurveda Co"

"Ayurveda firm TAC raises Rs 100 cr in funding for business expansion".

"T.A.C Ropes In Kajal Aggarwal As Brand Ambassador".

**Role**: Procurement Specialist

**Location**: Gurgaon**

**Responsibilities**:
**1.** **Strategic Sourcing and Supplier Management**:

- Develop and implement a procurement strategy aligned with the company's goals and objectives.
- Identify and evaluate potential suppliers, negotiate contracts, and establish favourable terms and

conditions.
- Maintain strong relationships with suppliers, ensuring quality, reliability, and cost-effectiveness.

**2. Procurement Process and Systems**:

- Establish and optimize procurement processes, including requisition, purchase order creation, and

inventory management.
- Implement and utilize procurement systems to streamline operations and improve efficiency.
- Ensure compliance with relevant laws, regulations, and ethical standards in procurement practice.

**3. Supplier Relationship Management**:

- Collaborate with cross-functional teams to understand business requirements and establish

procurement needs.
- Work closely with suppliers to monitor performance, resolve issues, and implement continuous

improvement initiatives.
- Conduct supplier evaluations and audits to assess capabilities, quality, and adherence to sustainability

standards.

**4. Cost Management and Budgeting**:

- Analyse market trends and conduct cost-benefit analysis to identify cost-saving opportunities.
- Manage and control procurement budgets, ensuring optimal utilization and adherence to financial

targets.
- Implement strategies to reduce costs, improve efficiency, and drive overall procurement value.

**5. Quality Assurance and Compliance**:

- Establish and enforce quality assurance protocols to ensure products meet defined standards.
- Collaborate with internal teams and suppliers to resolve quality-related issues and implement

corrective actions.
- Ensure compliance with relevant regulatory requirements, certifications, and industry standards.

**6. Supply Chain Risk Management**:

- Identify and assess potential risks in the supply chain, developing mitigation strategies and contingency

plans.
- Monitor market conditions and external factors that may impact the supply chain, taking proactive

measures to minimize disruptions.
- Collaborate with internal stakeholders to implement sustainable sourcing practices and reduce

environmental impact.

**7. Reporting and Analytics**:

- Generate procurement reports and provide regular updates on key performance indicators (KPIs).
- Analyze procurement data to identify trends, risks, and opportunities for process improvement.
- Provide insights and recommendations to senior management for informed decision-making.

**8. Sales Forecasting Segmentation**:

- Validate sales forecasting segmentation and make suitable corrections.

**9. Demand Forecasting**:

- Create a base forecast based on statistical sales data and market intelligence.
- Develop consensus forecast with sales & marketing team and upload it in the system.
- Monitor key performance indicators such as fill rate, minimum order quantity (MOQ), and lead time

to optimize inventory management and supply chain efficiency.
- Stay informed about industry trends and best practices in procurement and supply chain management,

and drive innovation in procurement processes and strategies.
- Develop and maintain strong relationships with suppliers to ensure timely delivery of goods and

services and to manage vendor performance.
- Negotiate contracts and terms with suppliers to secure favourable pricing, credit terms, and service

agreements.

**Qualifications**:

- Bachelor’s degree in supply chain management, Business Administration, or a related field. Additional

certifications in procurement or supply chain management are a plus.
- 2-8 Years of experience in procurement, preferably within the beauty, wellness or FMCG industry
- In-depth knowledge of procurement principles, practi